31 votes
Member
Posted 02 October 2013 - 02:23 PM
ADP Nonfarm Employment Change
166K
180K
159K
Lower than expected
Trading by emotion and/or expectation is a pocket emptying certainty.
Master
Posted 02 October 2013 - 02:02 PM
Im shorting the rally @39373
And out for 100 points green. Turns out S was right - money to be made both ways...
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 02 October 2013 - 01:45 PM
Plasma Plasma! Jou vark!
Oink oink ....
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Little Master
Posted 02 October 2013 - 01:25 PM
lol, put the strapon on and bought the dip at 39440
out at 39640, looking to buy again at 39460
Sage
Posted 02 October 2013 - 01:14 PM
The ALSI makes me yawn the past few days! 
Silfen Path Wanderer
Posted 02 October 2013 - 12:51 PM
To everyone who bought the dip. Cheers
To everyone who did not know what to do. I don't know how you will make money. I think the best strategy for you guys is to buy the top and sell the bottom.
We are in the money
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Master
Posted 02 October 2013 - 12:37 PM
Im shorting the rally @39373
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 02 October 2013 - 12:12 PM
Took profit. Account getting fatter
Next plan is for US open.
The market might dip then we buy again.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Advanced Member
Posted 02 October 2013 - 12:00 PM
Ok, closed 60% @ 39337...no one ever got poor from taking profits
Ag, I'm dip also @ 39200
Sage
Posted 02 October 2013 - 11:54 AM
To everyone who bought the dip. Cheers
To everyone who did not know what to do. I don't know how you will make money. I think the best strategy for you guys is to buy the top and sell the bottom.
We are in the money
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 02 October 2013 - 11:45 AM
Argento, if the S&P and DJIA break August selloff low. Then the picture turns bearish. You are right about that.
So i will keep buying until it breaks those lows.
I cannot sit and wait to see if it breaks or not.
I need to be making money.
Debt ceiling is noise for me.
Just like the 2008 crash was noise to Warren Buffet.
These are the times when bulls should be happy. I love it when markets fall.
If your account cannot sustain the drop. Then dont play with the big boys.
Rather sit and watch how we play russian rollette with the market.
Warning buy the dip strategy is not for small account. Please don't try this at home.
Reminds me of the trader who was asked how to make a Million in the market... His reply: "Easy! Start with two million..."
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 02 October 2013 - 11:34 AM
Point taken, I am also a believer in trading the longer waves with deep pockets, but my longer term view has hurt a few guys so reason for my conservative approach, just don't like the setup at the moment!
Hope it works out for you!
A
Happy Trading
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Artist
Posted 02 October 2013 - 11:25 AM
Argento, if the S&P and DJIA break August selloff low. Then the picture turns bearish. You are right about that.
So i will keep buying until it breaks those lows.
I cannot sit and wait to see if it breaks or not.
I need to be making money.
Debt ceiling is noise for me.
Just like the 2008 crash was noise to Warren Buffet.
These are the times when bulls should be happy. I love it when markets fall.
If your account cannot sustain the drop. Then dont play with the big boys.
Rather sit and watch how we play russian rollette with the market.
Warning buy the dip strategy is not for small account. Please don't try this at home.
Point taken, I am also a believer in trading the longer waves with deep pockets, but my longer term view has hurt a few guys so reason for my conservative approach, just don't like the setup at the moment!
Hope it works out for you!
A
"Never never never give up!"
Sage
Posted 02 October 2013 - 11:24 AM
Where I come from they call Buy the Dip = Catching falling knives...
You just have to make sure you catch it by the handle, otherwise it will cut you.
Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.
Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool
Market footprints and charts price in market expectations. If you follow the price action in the charts the footprints will guide you in the right direction.
Never chase the market in either direction, big moves usually show up in the charts before they happen. You the trader must read the chart and make your move based on that chart.
Traders who trade on emotion and opinion very often buy tops and sell bottoms, traders who react to market moves generally sell tops and buy bottoms. Successful traders focus on the chart and look for good entry points without emotion, that keeps them focused on where the market wants go not where they think the market will go. Keep your eye on the ball and the prize
Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 02 October 2013 - 11:11 AM
Touche!
Lekkery trading is a contest between the bulls and the bears.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Master
Posted 02 October 2013 - 11:11 AM
The BTD strategy made my account small!!!
Where I come from they call Buy the Dip = Catching falling knives... 
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 02 October 2013 - 11:03 AM
Sho boet, this is not a contest.
Lekkery trading is a contest between the bulls and the bears.
One of them must win.
But one thing i know is they both make money.
The one who looses is the pig.
So Argento and Jakes can say its going down and they will still make money. I can say its going up and still make money.
But the pig is the one who does not know what is happening.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Silfen Path Wanderer
Posted 02 October 2013 - 11:01 AM
Argento, if the S&P and DJIA break August selloff low. Then the picture turns bearish. You are right about that.
This is a very dangerous setup, we have 3 higher highs in price and 3 lower lows on the RSI..look what happend previously.
Not that it could not be invalidated but protect your capital!
1630 is the line in the sand, if broken it is goodbye mr bullmarket!
A
So i will keep buying until it breaks those lows.
I cannot sit and wait to see if it breaks or not.
I need to be making money.
Debt ceiling is noise for me.
Just like the 2008 crash was noise to Warren Buffet.
These are the times when bulls should be happy. I love it when markets fall.
If your account cannot sustain the drop. Then dont play with the big boys.
Rather sit and watch how we play russian rollette with the market.
Warning buy the dip strategy is not for small account. Please don't try this at home.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 02 October 2013 - 10:57 AM
Sho boet, this is not a contest.
Argento, if the S&P and DJIA break August selloff low. Then the picture turns bearish. You are right about that.
So i will keep buying until it breaks those lows.
I cannot sit and wait to see if it breaks or not.
I need to be making money.
Debt ceiling is noise for me.
Just like the 2008 crash was noise to Warren Buffet.
These are the times when bulls should be happy. I love it when markets fall.
If your account cannot sustain the drop. Then dont play with the big boys.
Rather sit and watch how we play russian rollette with the market.
Warning buy the dip strategy is not for small account. Please don't try this at home.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Sage
Posted 02 October 2013 - 10:51 AM
This is a very dangerous setup, we have 3 higher highs in price and 3 lower lows on the RSI..look what happend previously.
Not that it could not be invalidated but protect your capital!
1630 is the line in the sand, if broken it is goodbye mr bullmarket!
A
Argento, if the S&P and DJIA break August selloff low. Then the picture turns bearish. You are right about that.
So i will keep buying until it breaks those lows.
I cannot sit and wait to see if it breaks or not.
I need to be making money.
Debt ceiling is noise for me.
Just like the 2008 crash was noise to Warren Buffet.
These are the times when bulls should be happy. I love it when markets fall.
If your account cannot sustain the drop. Then dont play with the big boys.
Rather sit and watch how we play russian rollette with the market.
Warning buy the dip strategy is not for small account. Please don't try this at home.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
