I've been dabbleing in the markets for 20 years and I'm really bad at it. Never really had the money to get started. So in that way I never really did the markets.
It's like taking a very competative course and you have the wrong textbook, your hearing is bad and you can't see the blackboard clearly. Your screwed.
predicting “crashes” is very rarely in the relm of a good possiblilty. It usually doesn't happen the vast majority of the time. Catching crashes is not where your money is made but only on consistancy. (Who am i to talk).
Yesterday I got sucked into buying 2 S&P puts for Feb 990 strike at 270$. I only have $270 in my account. I have to make it here or else.
I just turned my head for a second and the market plunged 50 points. What volatility! I just hope the terrorists don't target Disneyworld 🙂 If it were to happen though I think they would go after the winter olympics.
This is forming the ABC move up to 1080 that I said was possible. The news that they are going to bailout Greece is what drove this move up.
You can't predict this news events. I'm staying short, as I still believe we are going down. What will that crazy idiot do on Thursday is what concerns me. A terrorist attack?
That, I do!
I've been dabbleing in the markets for 20 years and I'm really bad at it. Never really had the money to get started. So in that way I never really did the markets.
It's like taking a very competative course and you have the wrong textbook, your hearing is bad and you can't see the blackboard clearly. Your screwed.
predicting “crashes” is very rarely in the relm of a good possiblilty. It usually doesn't happen the vast majority of the time. Catching crashes is not where your money is made but only on consistancy. (Who am i to talk).
Yesterday I got sucked into buying 2 S&P puts for Feb 990 strike at 270$. I only have $270 in my account. I have to make it here or else.
No one said this game was easy girl. You have too have big one's… if you know what I mean.
We shall see Red. I am hanging tight – thanks!
Thank you for your concern and charts. I'll be fine though, as I knew it was possible that the market could run up to 1080 first, and then fall.
We'll see this morning when the market opens and volume starts to come into the market.
Look for something in news about Greece to cause this market to tank. Remain patience… I'm still short. This is not bullish.
Red,
Thanks for the explanation on Stargate.
IMHO, today's move is clearly bullish short-term. As usual losing money from all angles.
Good luck to all…
I hope so too girl…
I just turned my head for a second and the market plunged 50 points. What volatility! I just hope the terrorists don't target Disneyworld 🙂 If it were to happen though I think they would go after the winter olympics.
This is forming the ABC move up to 1080 that I said was possible. The news that they are going to bailout Greece is what drove this move up.
You can't predict this news events. I'm staying short, as I still believe we are going down. What will that crazy idiot do on Thursday is what concerns me. A terrorist attack?