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Post by maxi on Aug 8, 2011 15:45:06 GMT -5
As long as u are in the monopoly acct I will not be concerned then. I don't think I have the stamina for this market... I went in with real money today and had my peeps do the same - had gone to all cash on Thursday and Friday when I covered my FAS. I hope I'm right I do not want anyone to get hurt. Either direction. I think I am on overload myself..
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Post by brosin on Aug 8, 2011 16:02:22 GMT -5
Bear markets destroy capital of BOTH bulls and bears.. greed kills in a bear market. I'll be trying to get those 5 & 10% swings as the speed with which they will come will make some very big profits. Not going to go in too big on anything though because the risk of being wrong in this environment is that you can wipe out long periods of gains Bears way too comfortable with this massive drop. They will get their butt handed to them and then the bulls will get their butts handed to them again. The bulls ran for many many months on the promises of easy money - the bears will not run in nearly the same way but if you trade it without getting too greedy from either side, this will be like the bear market of 2007 > 2008. My best trading period of my life was Oct - Nov of 2008 when the market was flying around. Got lucky a bunch, but basically I just played it as described above.
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steel
Futures Trader
5th Place - Road to Opex 4
Posts: 370
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Post by steel on Aug 8, 2011 16:07:58 GMT -5
Market seems to like the number 666. Hope the 6.66% drop in the S&P is a good omen.
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Post by brosin on Aug 9, 2011 8:11:08 GMT -5
today maybe?
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Post by herceg1967 on Aug 9, 2011 8:28:13 GMT -5
Exalt on the call..................
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Post by brosin on Aug 9, 2011 11:56:13 GMT -5
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Post by brosin on Aug 9, 2011 14:44:00 GMT -5
Maybe??
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Post by brosin on Aug 9, 2011 14:55:41 GMT -5
Let's have some bear meat for dinner tomorrow night Yum! I can honestly say with all sincerity... Hell Yeah!
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Post by brosin on Aug 9, 2011 14:57:56 GMT -5
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Post by brosin on Aug 9, 2011 15:44:15 GMT -5
Even though it wasn't the "boring" 300+ up day and even I thought it wasn't going to happen until the final hour of trading once that $hit show started after the FOMC release, it's only the 2nd 300 point day in 3-4 years.
I should be getting some props for this eh? ;D
It takes a bear to know the bears!
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Post by maxi on Aug 9, 2011 15:47:15 GMT -5
Even though it wasn't the "boring" 300+ up day and even I thought it wasn't going to happen until the final hour of trading once that $hit show started after the FOMC release, it's only the 2nd 300 point day in 3-4 years. I should be getting some props for this eh? ;D It takes a bear to know the bears! PROPS to you for sure.... Where is that HEDGEFUND we talked about???
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patrick
Cash Account Trader
Posts: 9
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Post by patrick on Aug 9, 2011 16:00:32 GMT -5
Even though it wasn't the "boring" 300+ up day and even I thought it wasn't going to happen until the final hour of trading once that $hit show started after the FOMC release, it's only the 2nd 300 point day in 3-4 years. I should be getting some props for this eh? ;D It takes a bear to know the bears! nice call Brosin - props from me!
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Post by brosin on Aug 11, 2011 11:57:40 GMT -5
to be fair, i didn't call for 2 of em ;D
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