Nelson/............... OT
<<Ike...you are the best...thanks for your time....>>
I will add 'IN TRADING', I have exacting standards and I work hard on my strategic thinking so right now 'jury is still out' as.....
Only time will tell... four years is too short a period it has to be minimum five full years and a huge move down that I should catch and point the reversal and get it right, if that happens your statement would be right, but so far I have to be very very cautious as I try to break through the 2558 barrier,, lot of pressure for next two days, the bears have to be carpeted and rolled nicely if we fail here this is going to be the 3rd failure and that is a triple top that I hate, where I will short big time below 2482... a good room if they give me a fake break.. one day in middle like tomorrow.. so I am very much on for next three days session and so should be everyone interested in market, now easiest thing for a bull like me to gain heroics is 'buy puts' but that is the art , getting the breakout nice, these crooks who are sitting and issuing warnings are playing with law of averages, market at these highs can only go down, issue a warning and relax and say ?I told you so?, I take them on I say 'break outs are not be shorted', I did that at 990, at 1130 at 1230 and 1330 ALL this time these shorts betted against me, now at 2558 a new high to be broken a fundamentally wrong idea to short the top is being placed, if we fail become a hero if we go through it no one has ever pointed to them that 90 out 100.times you were short in this bull run over 4 years.. I will place my big short below the previous low like 1267 on SPZ however to short inter period I will use NDX 2485 as a key reversal point in association with DOT 670 and SOX 483.. that is how I trade these markets...
I tell them clearly, these 'crooks' will stay on SI comes 'rains or rally' 'so what if I am wrong' is the current line, you scratch my back I scratch yours and don't talk about the million puts over last three years being averaged ?1/3 rd now? ? next after a year? and next in 2002 and they never expire... , this is typical standard approach, for me this thread is 'first step to teach my own kids how to trade, I just cannot tell them 'short a market making new highs' or approaching new highs, that is in my trading term gross dishonesty to earn false laurels ..As I look back... may be correction if not this year next year or after that or may be if we cannot break this strangle
hold at 2558 today but I would say wait and SEE let the darn thing give you the direction, I am therefore cautious on new initiated positions ..in my post to you I enjoyed this definition.....
<<I am trying to explain to you in my previous post, I agree the problem is not about 'density' the problem is 'encapsulating a dynamic fluid ever-changing strategy of trading' into some meaningful entry and exit point with a barrier that our posts should hold good even if we see some dip and roar back up..>> Love and best regards.. Ike |
