especially after i was telling some folks on Wallstreak thursday and friday to expect a 1,000 point RALLY on the DOW very soon.
Here are my exact comments to other traders late last week:
"watch out above. You'll see a 1000 pt rally. mark my words."
"I am expecting a 1000 pt rally soon. trust me. it's coming. "
The reason why i didn't trade on this call eventhough i knew it was coming and it was very near is because in my head i pictured it differently(was not impressed with volume or the the lack of leadership in the financials) and probably because i have been shorting so aggressively for the past 3-4 weeks that i actually forgot how to go long! HAHAHHA! I also do not like to chase HUGE gap UPs on the indexes. This is not my strong point and always feels like i am playing catch up.
At any rate: the market's day to day gains or losses have never affected my daily PnL. I want to make money in ALL conditions and missing one huge day is disappointing but it not gonna set me back one bit. This market continues to offer traders tons and tons of oppotrunities.
Tomorrow is a new day and i am surely looking forward to it!!
Followers
Monday, October 13, 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(607)
-
▼
October
(79)
- QQQQ Analysis
- BOOOOOOOOOOOOO!!!!! Happy Halloween!!!!!!
- FXP Looks Ready Turn?
- Coiled Up
- VIX Breakdown
- Note To Self:
- VIX Refuses To Give Up The Line
- Yet Another Inverse ETS Update: Supports Holding
- EEV
- FXP
- Bo Yoder
- Inverse Funds Update
- It's Baked Into The Cake
- OUCH! Calling It A Month!
- Inverse Funds Setups Update
- Same Ol Same Ol: Another Sucker's Rally
- Inverse Funds Setting Up Again: Video 4: Sorry for...
- Got Shorts?
- She Could Be Our President!
- The Stock Market Exposes Another Loser!
- Disappointing Day For The Bulls
- Charts Hinting At A Possible Rally Brewing
- My Game Plan Today
- You Have Benn Warned!
- VIX! Oh BOY!
- Short Setup To Watch
- VXN Falling Wedge Update
- IT'S ELECTION TIME!!!!!
- Video 2: Update On Inverse Funds
- AAPL Earnings!!!!!!! WOW!!!!
- Inverse ETFs Closing Numbers Update
- What Rallies Look Like These Days
- Inverse ETFs Mid Day Update
- Market Update
- Bo Yoder Newsletter
- Point and Figure Charts Paints The Picture
- Are You Ready?? CNBC Faces Will Look THIS!!!
- Short ETFS 60 Min Charts Setting Up: These Are Ver...
- Should Cramer Be FIRED???????
- YOU MUST WATCH THIS CHART!!!!
- VIX Chart Finally Topping Out?? :-( :-( :-(
- Interview With One Of The First Guys To predict Th...
- Reading Around The Blogs
- Smart Sitting On The Sidelines
- Stock To Watch Tmrw
- What A Shame To Miss Today
- You Need To Read This To Understand What Is Leadin...
- Thanks For Voting Everyone!
- Examples Of The Weak Reversals I AM Seeing
- I Apologize For Talking Shit About This Man
- VIX Update: But Does This Indicator Really Mean An...
- I AM NOT CONVINCED
- US Dollar Breaking Out Now!
- Ummm yea. I Have The Right To Be Wrong.
- Thanks For The VOTES!!!
- Update On Recent Short Setups
- UYG Update: UYG Price Target $5---- SKF EXPLODING!
- I got a notice the short ban had been extended to ...
- Expect Irony Tommorrow
- VIX Looks Toppy here. Could See A Short Term low ...
- US Dollar Starting To Look Toppy
- FED Intervenes! I Wish They Would Have Waited And ...
- Prediction: We Drop To 8500 On The DOW TODAY!
- Futures Pointing To Yet Another Crash Open
- All Eyes On Dem Financials Tomorrow
- Rock The VOTE!!
- Financials Breakdown Update: YIKES!!
- I Have Feeling
- VIX Monthly Chart Since 1990
- Classic Images: Off The Yahoo Front Page
- VIX Update
- US Dollar Topping Out?
- Short Setups and Breakdowns
- Barring Any FED Rate Cut Or Major PPT Maneuvering....
- A Previous Post Revisited: How The 2002 Bear Ended
- Short Setups
- BE Very Careful PLEASE.
- Just A Gut Feeling
- Trading The Open: Why Trading The Open Can Yield N...
-
▼
October
(79)
Cool Traders/Sites
- ART OF TRADING Premium Site
- Charting Trends blog
- Denarii
- Finance Trends bog
- It's Gold
- Keep Unread Blog
- LaserTrader
- momentum trader
- My Trader Interview
- Mystic Stocks
- NYC Trader
- Rant About It Blog
- stock rook goes pro
- Stock Virtual
- StockPursuit.com
- The Market Guardian
- thecrosshairstrader
- Todds Trade
- trader market blog
- Trader9999 blog
- Trading Momentum blog
- Trading With Average Jay
- Wall Street Warrior
2 comments:
Stewie, I was up at the open and was looking for something solid to long all morning. Watching MA actually put me to sleep in the beginning today. You missed the gap and a long, painfully slow, low volume day for most stocks. Big deal. You would have had to go very big early on your fav. commodities or hold onto a BIDU or ISRG trade for a big point spread.
I personally didn't think today was eventful in the least. I had to look up at the scoreboard to even realize the dow was up nearly 1,000. Didn't feel like anything.
thanks for the recap blue. i agree with you 100%. only way to make awesome money today was take huge positions coming into today from friday (ala jase) or once you notice that there was selling into the close, to reverse all positions and ride out GIGANTIC size trades into the close. let's watch these picks i put and see how they hold up tmrw.
Post a Comment