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Racket
RE: Trews is Wall Street’s Head Muppet

Ghost of Igloi wrote:


Racket wrote:


Ghost of Igloi wrote:


Racket wrote:

Well there's a thread on Letsrun asking about a bear market. If that's not a buy signal I don't know what is.


How many buy signals have you had lately that turned into sell signals?


I don't know, probably 100 per day? I'm an options and futures day trader, we blow with the wind on the 1 second charts. Green candle shows up -> next stop Dow 30k. Red candle shows up -> short everything in sight, we're all doomed.

The cool thing about options and futures is that you can make money quickly in either direction and so we wish the best for everyone whether they're long or short! We're all just trying to make money here


I would think with you being an intelligent person that you must understand that large numbers of people are doing exactly the same thing. Such herding behavior is bound to have severe downside showing how foolish this is.


The herd is foolish but they dictate where the money goes. I open small positions and get out early. I'm not trying to make some huge stake in one direction or the other, but the Nasdaq has moved like 250 points every day and in every direction for the past week. If there's a huge downside then I'll ride that all the way down too!

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