So are you short already? Or waiting for 1236? Also, I was curious why you didn't have some sort of long position on thru this rally that you have been projecting.
Waiting. Although not terrible to start scaling in around these prices. EDIT: actually starting to scale in. If you read back in this thread, I was long the initial bottom around 1115, but sold that on the first bounce around 1200. This second bounce was not as good a setup on the entry, although now that it is on its way its easier to project. In other words the 8/22 low was more 50/50 to me, whether we broke down or bounced like we have.
Just made a good amount short T on that anti-trust news. Also got short the mkt there too. Figured this news was random enough to maybe get people to start profit taking. We will see how the trade develops. Relatively tight leash on it for now.
I am waiting for jobs number before putting on any real size. That could be a catalyst. Ideally a "less than bad" number that they gap up, I'd sell the hell out of that, especially at one of the prices.
Is that why its down 5 bucks when the market is still up? They are marching this pig to the slaughter. Besides, I didn't know the market was at resistance, could have sworn 1230 was just a random spot.
I thought we were talking about AAPL not the market. That 390 to 400 area is pretty clear resistance and AAPL is only like 5% from all time highs. With respect to the market you never explained how you arrived at 1230. It looks like it's some sort of fib. retracement area.
When you are standing at the edge of a cliff, you look down not up. Not really concerned where AAPL's all time high is, just where to cover. I said they would run it up and they did, party's over now. With respect to the market I obviously arrived at 1230 by whatever method I use to trade. Like I said, I sell tops.
ok so you are short aapl and long goog. what's your out on aapl? 405? or just balls out stay short forever? and i don't know why it is so hard to say how you arrived at 1230. i mean it looks pretty clear now like it was basically 50% retracement from the year high to the bottom on the year. i don't use fib. retracements or any technical indicators (outside of support and resistance) that much, but i probably should add that in more often.
I am not long GOOG. I said that was probably a good market neutral play for long term investors. I am not a long term investor. I will buy GOOG when I think it is about to go up. How I arrived at 1230 is through the same methods I try to impart to the BBS through numerous posts in this thread and others of my own. Quite frankly, I've probably spent more effort towards that than worth my time. Any more hand holding would be irresponsible on my part.
can you really put a value on the feeling of superiority you're going for? or you could have probably spent less time with a short answer as to how you arrived at 1230 than you did typing the paragraph explaining why you wouldn't explain. disclosure: i have no positions nor plans to trade no matter how 1230 was arrived at.
Not worth my time not because I feel superior, but because it probably all ended up unread anyways. Why would I want to explain myself? And what makes you think it would be a short answer?
a post that says nothing...excellent! i do like how you tried to give me a trading lesson earlier yet you can't explain where you might exit your trade if it goes wrong. it's not like it takes that many words to do it. and lol to you saying "i sell tops". i can't think of one successful trader talks in that douchey of a fashion. btw didn't you tell me earlier you trade on big leverage?
and i just took some time read over the first 30 pages of this thread. crazy stuff when this thing first got started. i was surprised that i didn't say anything too idiotic or cringe worthy in those first 30 pages. man i wonder what i could have pulled off if i would have been trading the size i am now and been as proficient in options as i am now. but that is just another one of those what ifs in life.
oh and i found CXbby's first post in this thread... _________________________________________________________ Looks like you've had a change of attitude since you discovered a couple technical indicators.
You figured out I started trading in a firm, professionally, in 07. Started trading since 97. Sherlock. EDIT: Wait a second. You waited until AFTER I just called every pivot in the market the past 2 days, probably saving your ass money in the process(nice short yesterday btw), to question my credibility? And then failing at that. Nice.
Why in the world would I tell you, or anyone, where my exit is? Not that it is such a big deal, but to act like you are entitled to it? My exit is when I get out. You can figure out exits for trades you come up with. I can't think of one successful trader who trades at a chop shop, period. Those gimmicks haven't worked since the market went hybrid. Time to learn some real trading.
Maybe if you even knew what those gimmicks were then you would have made money off them after the market went hybrid. Don't cry about it cause you didn't know about it or have access to it. I made a lot of money on those "gimmicks". It wasn't until they really widened the LRP's and volume moved from the specialist to dark pools, other ecns, and the options market that those "gimmicks" started to fade. Also, I can post my August if you want to see it. At my old firm I could have given you all my data. In fact, I know I posted some of it somewhere on clutchfans awhile back when I was getting into it with FattyFat. I'll try to find that thread so you can see what I was doing awhile back. And lol at real trading...who gives a crap about calling pivots. Did you trade all of those pivots or did you sit on the sidelines paper trading those pivots? Last time I checked I was calling out stuff related to "real" trading back when this thread started. I may not have been right on everything, but I was trying to figure out the fundamental reasons behind the moves. Btw thanks for the compliment on the short cause I made money on it. Lastly...don't try to bull**** me about you being a trader since '97. That's a bunch of crap and you know it. If you had been trading for that long you would have known how non-volatile it was before 2007. Someone who has been trading for 12 years prior to that post I referenced wouldn't come into a thread and talked about traders senior to themselves. 12 years is a very long time in the trading game and you certainly wouldn't be asking the help of other people on a basketball message board about basic strategies they were doing if you had been around for that long.
Robbie, it is clear that you get off on "getting into it" with others. I came in here talking about trading so that is what I will get back to, but just to make it crystal clear. 1. Of course I know what those gimmicks are, otherwise I wouldn't know that they've faded away. A 5 year old could work those loopholes, and like all free lunches, they don't last. What is hilarious is that instead of counting your blessings for getting some when the getting was still good, you actually think you are a professional now who knows two **** about the market. 2. Stop talking about trading at a "firm", unless you actually believe that. You don't trade at a "firm". Anywhere that makes you put down your own money and trades your own money is a brokerage, not a firm. The only difference between you and the retail guys is you took some bs test and got a license so that you can call yourself a professional. The real difference is the retail guy actually has a real job and trades on the side, while you are unemployed and trades on the side. What do you think they would say if you showed your resume to a hedge fund applying for a position? How you traded at a "firm". They would laugh their asses off. No offense, but that is the reality in this industry. And I don't know you personally whatsoever, but from what I've gathered of those chop shops you trade at, they are a human compost for degenerates and has beens. I'm sure you are a great guy though. 3. Lastly, what I should really say when a guy like you questions my credibility is simply, "who gives a ****", but I've actually already talked about my history in this very thread so it's not like a secret you think you are exposing. I mean that is pretty funny. I have been trading professionally in a firm, a real firm, since 07. Before that I did not daytrade, nor was I exposed to the gimmicks on Wall st. That is why I came on here asking for advice from other real professional traders, with more professional experience. Because even though I have been trading on my own since 97, as a 13 year old, I am open to new ideas because there is always new things to learn about the market. You should know all about that, since I am sure you have been trading for quite a few years yourself, and still don't know diddly squat outside your own little bubble. So when a guy like you asks me, "How long have you been trading?", why in the world would I refer to my professional trading experience, when you don't even know what that means. The answer is since 97, because I probably knew more about the market then as a 13 year old retail trader than you ever will. Well, then. Back to trading talk.
