Re: LETS NOT PANIC BUT PROFIT!!
tech/a said:
Posting takes up far to much time as it is for me.
There is enough of my stuff on here and Reefcap.
If it interests me I'll read/comment and or post.
Gave up posting analysis due to the peanut factor (Like the Shouting comment made above)---its a headline!!, combined with the time factor last year.
Genarally cant be bothered.
Really am sick of the idiot factor that think trading is gambling,and everyone has to prove how big their Kahuna's are.
And unfortunately its a constant stream.
I'll leave all this to You Ducster,Moggie and others who have more time and inclination.
I fully agree with you on this one Daffy,
The peanut factor does seem to grow substantially in these kinds of situations.
Some of us have been planning for this very situation for a long time. Some of us even called it well in advance (even the day and the index level). Then along come those that just don’t take the time to understand markets, and are surprised when a pull back/correction comes along and it catches them unprepared.
Garpal Gumnut said:
Please excuse the capitals but one has to tackle ones intellectual opponents who shout, with shouting.
With great respect to
Ducatti,
WayneL
tech/a
Gorilla
realist
Kennas
Noiruia
magdoran and
moneytree
and too many others to mention
I find it distressing that nobody has posted their profits on this correction. If I were a daytrader I would have carefully plotted my gains and losses over 28/2 and 1/3.
Why could such a significantly talented team of technical analylists fail to anticipate, or utilise this correction.
Why have the very talented anylists in this forum spent more time discussing why "Rome is burning" rather than how as traders they can profit from this.
A few lame bleats emenate from sheepish "traders" saying they may or may not have open call or put positions.
Lets get real.
This is not an intellectual tread for pointy heads to prove their superiority over others.
Trading is about making money.
I don't see or hear any member of ASF who has profitted from this correction.
Lets talk about it.
I'm long term trader but value your guys input, which has been sadly lacking recently,.
Garpal
Naivety is quite normal. The classic assumption that no one was aware or prepared for this pull back amuses me. I don’t know how many times I and other key people posted warnings of this situation arising. I even posted a month out with the date of the high, and a week out with the index level, what more do you want?
Then the classic assumption that none of us took action without even reading our posts. Also the assumption that no one has planned a campaign approach to this situation astounds me too. Wavepicker and I have been planning for this for over 2 months with our fingers on the trigger…
Also, how has this “mystical” group of so called experts been “sadly lacking” (how anyone can give credence to the resident clown “realist” and even think of rating him as some kind of expert speaks volumes, doesn’t it? – and of course the sagacious realist knew this was coming because he is omniscient and omnipotent, isn’t he)? All the key posters I know have posted great material leading up to the event if anyone cared to read it. It just required reading the posts.
Also, why would any of us want to beat our chest making comments like we cleaned up quadrupling our account in a day and comments to this effect? How does that help? Please tell me that? Why on earth should we talk about it? The ongoing commentary is appropriate in my view, certainly not boasting about how much was made. Anyway, it’s easy come easy go, and the next call could be totally wrong, couldn’t it?
Using the same logic, why haven’t all the losers posted how much they have lost? There Gumnut, how much did you lose? An equally fascicle question that should be relegated to the garbage bin of ASF.
So, Garpal, if you want to learn about the short side there are hundreds of post on the subject, certainly a lot in the derivative area. Considerable time was spent on these if you care to do some research. Consider how insulting your comments may come over firstly when you ignore and dismiss all the work we’ve done, and secondly because now post the event you expect us to drop everything to hold your hand and spoon feed you.
With all due respect, please take the time to use the search function and research this site. It’s all there if you take the time to look for it. If in doubt, go right through the derivative area for a start. Also, pick your favourite expert, and read through their posts – that might be a good start for now, how does that sound?
Regards
Magdoran
P.S. The market will do what it wants to do.