nikoschopen
2,824 posts
msg #52057
- Ignore nikoschopen |
6/7/2007 2:12:07 PM
"what's the best way to profit from the entire market falling without the ability to buy entire market puts? tomorrow seems like a critical day for the S&p 500 to bounce. It is lying on its bottom linear regression line."
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There are options for just about every instrument imaginable. Moreover, ETFs provide added comfort in helping you to play different sectors.
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nikoschopen
2,824 posts
msg #52058
- Ignore nikoschopen |
6/7/2007 3:54:24 PM
So I finally got my sweet revenge today from ya perennial bulls. :P
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markcrisp
187 posts
msg #52071
- Ignore markcrisp |
6/8/2007 5:30:27 AM
it's so funny. I am up about 70% in Crox....and even when it corrects.....do you still think i might have a nice profit? and i "think" CROX ha sthe potnetial to recover form a correction for at least another big run. Reminds me of HANS.
I am not in this game for a few points her and there. I traded (and have it on record) NTRI, TAZOO, HANs, TIE for 50+ point moves. So....be happy if you make a few points shorting here and there. But who's making the big money?
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karennma
8,057 posts
msg #52075
- Ignore karennma |
6/8/2007 8:20:39 AM
DECK was another shoe bubble.
But CROC is king or er,,, Queen ... LOL!
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karennma
8,057 posts
msg #52082
- Ignore karennma |
6/8/2007 1:38:36 PM
DECK still kickin' @$$ today ...
buh, buy crocodile!
Thanks for the ride.
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nikoschopen
2,824 posts
msg #52083
- Ignore nikoschopen |
6/8/2007 2:09:22 PM
My sources tell me that DECK is slowing down. What this means is that it will either consolidate or reverse outright. I would take the chip off the table and run for the exit.
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nikoschopen
2,824 posts
msg #52089
- Ignore nikoschopen |
6/8/2007 5:17:21 PM
Per markcrisp's remark about "who's making the big money":
While the testosterone-fueled debate about whether the long-term investor is more wealthy than the swing/day trader will never go unchallenged, both camps have their winners and losers. In light of outsized egos in full display, they both shamelessly flex their muscles without backing their claims. Next time, post the actual trading log before making your as-yet-to-be-unsubstantiated claim.
But here's a point in which a daytrader can, in theory, outperform his or her ever-constipated stoic investor. Suppose an investor in one's infinite wisdom was able to double the money, a whopping 100% return on the investment, in merely nine months. Such a feat would certainly earn him or her the much deserved bragging rights to no end. Next, consider a daytrader with an aim of eking out a paltry return, a mere 1% of his capital, on a daily basis. He or she doesn't necessarily care for hitting home runs. To that end, Ichiro is preferred over Hank Aaron or Babe Ruth.
Now, let's crunch some numbers. If the daytrader can consistently be able to replicate the success of grinding out 1% profit day in and day out, it would take only 100 days to make a 100% profit. Considering that there are roughly 22 days in a month, he or she can accomplish the same result that took 9 months for the investor to achieve in less than 5 months. That's nearly a half! I wonder who's making the bigger money, after all?
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karennma
8,057 posts
msg #52091
- Ignore karennma |
6/8/2007 8:14:01 PM
Just my 2 cents ....
There is no doubt in my mind that trading a stock like CROX was more "work" than necessary. It would've been more profitable to simnply "hold" and "ride the wave". Same goes for AAPL and RIMM.
But of course, hindsight is always 20/20.
I can't tell you how many times this year I got completely OUT of the market because I thought the rally was over.
I just screwed myself second-guessing the market. Just like the people who went on "vacation" back in February; expecting a decline that was NOT forthcoming.
Now we know ...
The rally ain't over till the fat lady sings!
LOL!
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alf44
2,025 posts
msg #52092
- Ignore alf44
modified |
6/8/2007 11:23:21 PM
on second thought...nevermind !
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nikoschopen
2,824 posts
msg #52118
- Ignore nikoschopen |
6/10/2007 4:17:07 PM
Karen,
There's nothing wrong with making projections. What is wrong, however, is that you enter short thinking that the market can't go any higher and stubbornly cling on to the loser when in fact the market is heading higher. At that point, the issue is no longer about projection but your inflated ego that can't admit defeat. We've all been there and done that to a certain extent. But the most successful traders are those who see their mistakes early and diligently exercise damage control to prevent losses from spinning out of control. This requires both discipline (ie. knowing when to get out and placing stop loss exit at the time of entry) and self-control (ie. knowing your limits and knowing when you are plain wrong).
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