We just went from -55 Nasdaq to -19 in a blink of an eye. The Dow was down 50, now +115. If you are day trading, this is fantastic. However, if you are a person of honor and dignity, this is an abomination.
If you try to position yourself for momentum, you will get smoked. The moves are so fast, so severe, you literally need to be insane to swing trade these ranges.
Once again, if you are a Vegas style degenerate day trader, in this game for a teeny, this is your dream come true. For the rest of us, top hatted gentlemen on Wall Street, this is disdainful.
I am emphatically on the sidelines, dreaming of black smoke, mixed with aerosol acid, to melt Wall Street down to the pavement.
On the bright side, financials and trannies were very strong today. Where this market goes tomorrow? I have no fucking idea.
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The Fly is God.
the market is surging into the close, fuck …
I am sick of you.
BANNED
how can you ban me, Jesus …
thank you
So severe, or so server?
Bots indeed.
Q3 quarter end window dressing + next weeks 2 X $3B+ POMO coming to a theater near you.
Sometimes I want to toss the top hat for a degenerate ride in the TVIX. Also watching the 3X ETFs are distracting me from honorable investing indeud.
come in and join me already, just wish I had more 58 cost basis
Where this market goes tomorrow? I have no fucking idea.
from bearish to I missed the rally to bearish… to to to
We just keep sucking people in…no human can compete with us…
When the last daytrader’s account has gone to zero we will go back to buy and hold.
You better revise your algos Mr. Roboto because I’ve taken more money from transistors in the last 2 months using ATM QQQ options than I have in all my years trading. Turn off the news and just trade the tape. Option writers are running from me when I come round the bend.
Pure fuckng madness. What the shite
I can’t wait for the PPT to register an OS, and OB and back to and OS…in the same day!
1000 point swings are coming
I think market is rallying because short-dated shorts are being covered. Tomorrow is Friday and ops expiration as well.
Even from a day trading standpoint, 260Up down 50… If you purchased some SPY Puts at open. Sold around 3pm….$117 Puts went from $1.00 to $3.30, just today alone.
Right, and I am sure you did that because you knew what was going to happen and exactly when.
We gonna see Merlin saying “Poof..there goes your bullshit pullback?”
I expected one last decent rally at $RUT750 on 8/2 when it pulled back from 858 7/8 rally high and put on a mid-sized position in URTY. Been trapped ever since but I’m not selling as all it will take is one good rip-the-bears-tits-off rally in $RUT for me to cash out even.
This market is ideal for me, i am thriving. Only downside is the pote ntial for making a horrific mistake.
I was selling SPY calls near the lows. I need to stab someone. Where’s my stabbing knife?!
Why? Would you like to practice your stabbing?
Huggie, were you short last week and long this week then? If so, how did you know?
The market is predicting a pretty severe 3-hour recession about 6 months from now.
LET’S RECAP SHALL WE?
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I am GOLDEN.
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Yeah? Which one is you?
Why doesn’t he post…call…write?
Is it too much to ask?
Just to let us know he is alright…err, golden.
I’m so worried about him.
In the land of the blind the king has died
I hate that I created this name because I fear that I have contributed to his passing on. I assume it was in a El Phoenix restauratn eating some extra spicy salsa. He was an old bastard.
God
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Speed
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FuckFace
lol
More on this stupid market:
At one point today, the leading SPY sectors were XLF and XLU, outperforming other six by a lot.
Like watching Hamlet: “To risk or not to risk..:” 🙂
Up, baby.
I ront know rwhat happened – I chink my neighbor Mr. Wong might have wrought some stocks at the close.
Just shaking out the shorts until there is no support under this market…then we can free fall and dip buyers will be crushed.
Either that or Big Players are shaking out the longs until they are all out of the market, and then they plan to force them to buy back in at higher prices.
How can a person tell which of these it is? They are clearly forcing out the majority of short-term traders, whether long or short.
Day trading, and longer term trading, both look easy in hindsight. Of course you would get in at the lows and sell the highs and then sell short. Looking back on it, who wouldn’t? But looking forward, who knows?
Computers know, but my human soul agrees with you.
Bought 10% position in NOK.
rofl
rofl not a familiar acronymn to this naive PPTr, have to guess – ‘right on fucking loser’.
I one upped you.
I bought up the other 90% of NOK.
And just to let you know I will be turning the Company into a plant for reindeer and moose food.
Always look up acronyms in wikipedia. Wikipedia knows everything.
Beavis and Butthead 10/27/2011.
Huggie Bear, if the market is ideal for you, were you short last week and long this week then? If so, how did you know?
He doesn’t know, and didn’t know. This guy claims victory constantly without any proof. Ignore him.
Lots of boring 5% yielders up nicely today…but that doesn’t create page views, sell subscriptions, or churn trading accounts.
Just sayin
I am sure that being up a % on them today makes you feel better about being down 30% on them for the year. With the divie and today’s performance, you’re only down 25% on them for the year– so far. Congratulations.
Everybody is an eggspurt on how to trade this market. Just for some reason, they never tell us how they’re trading ahead of time– only after the fact.
You need to do some research Frog…let me get you started…ABT & BMY…figure out the yields, YTD gains, add in the additional option premiums and all those trading costs you daytraders generate.
And don’t forget the nice life you’ll not sitting in front of your computer all day watching every little tick.
But you keep holding on to that daytrading dream.
Just sayin is the most annoying phrase of all time.
Banned
Perma anything is gay as fuck. Doesn’t work.
“…Vegas style degenerate day trader…dream come true. For the rest of us, top hatted gentlemen on Wall Street, this is disdainful.”
IBC needs an office in Las Vegas: City Center MeThinks. See. A quick international flight to Egyptian and Romanian Compound-Resorts too! Get the vision Senor. No blizzard storms either. Real estate market’s prime for financial wizards. Parque the family over near Henderson/Lake Mead (where the rich and celeb.’s live).
Vegas is a shithole. Idiot douchebag Capital of the fucking planet.
“Capitol?”
I don’t know about you guys, but stocks that I own and hold IN SIZE are all down 30% to 70% from their highs of 2010.
These include X, C, S, F, AA, STLD, EK, XRX,
GM, HBAN, FITB, RF, COP, STLD, HL, BORN, ALJ,
PFE, TSO, VLO and a few others. If I hadn’t been short-term trading indexes and other stuff, and selling call options, I’d be down 50%+ for the year. As it is I am (gladly) only down 10%.
I apparently am a shitty stock picker, but a great trader.
Congratulations, Rigged. Being only down 10% is a great performance for someone who has bought and held stuff in size in a year like this.
It’s like they can see my portfolio and say “How can we screw that arrogant liberal sonofabitch today?”
But of course I am not paranoid. 🙂
I think that if someone has the guts to keep holding they will be doing great within a year, or even a few months. The money pouring out of Europe has to go somewhere, and I think it will go to the U.S.
But one has to close one’s eyes and not look at this market to do that. That being said, I am in cash myself because the market gives me the willies in the short term, even though I feel pretty sure it’s going up in the long term.
Holding some good stuff long term, and trading well short term, you are going to do much better than most. Good for you.
As for being liberal, the banks own both parties, so they have no prejudice against anyone that way. They attempt to take money from everyone. It’s only dumbo traders who think there is a difference between the 2 political parties, not the Powers That Be.
riggedgame, you know you are down more like 20% on year. It’s like saying how big ur cock size is you know ur going to tack on a few inches lol…..
I’m up 500% on the year (if it were my dick I’d say 1000). My first foray into the market back in ’08 I lost my entire investment as well as 100% of my 401k… I am now well over 100% gain on all…
Booooooya! Just sayin…
The so-called “advisors” are all on one side of the ship. Check out this link;
http://www.naaim.org/naaimadsenttrend.aspx
The mean net exposure is 4% long. Only 25% of them are >26% long. You have to go back to March 2009 to find the mean in single digits like it is today.
With all due respect, these moves are way to fast for a day trader. The move is over as soon as it happens. Hft’s are the only things able to make on these retarded moves.
Josh, true, dat. This is for microsecond traders, not day traders.
Bobby Boucher, thanks for the statistic. Interesting one there.
Not sure where I first saw reference to this. Maybe Barry Ritholtz’s blog or BIG?
Anyways, a single digit mean is not necessarily a buying signal as the mean hit single digits for the first time in a long time in July 08. Probably most meaningful when the mean is single digits for more than a single weekly survey release, which it was for the 3 survey releases from 11/26/08 thru 12/10/08 and the 3 survey relases from 3/4/09 thru 3/18/09.
Way too fast for amateurs or lazy daytraders that hold all day, but for pros and those trading in and out on tight scales. 33% loss .66% gains 10-50trades a day it has been awesome and amazing.
question for you wallstreet guys.
How do ‘robots’ effect every single forex currency pair at the exact same time across the board?
Do you consider there is co ordination with the worlds 6 largest central banks?
I think not…so what gives/
Riser, some folks have inside info. E.g. if they know gold and oil are going down during a particular day or other time frame, they know that all the commodity currencies will go down, and they trade consistently with that. A lot of currencies fall into groups like “commodity currency” or “emerging market currency.” Don’t currency trading exchange have ETFs of these categories of currencies? If they don’t, they should.
Also, HFT machines at big brokers see all their hedge fund orders ahead of time and can front run them. It only takes a fraction of a second for an HFT machine to do that. Big brokers make much of their money off of front-running the large orders of their clients.
I’d like to raise a glass to our fair host, The Fly. I’m heeding his advice and stockpiling in my bunker, with caviar, crackers, blankets and mounds of cash – preparing for the Panda storm.
Until it hits I can only prey for more days like the last few where I can fade the frack out of these rallies, and add to my puts/shorts on any EOD spikes.
Those asshole computers are programed by human assholes. learn to be like the asshole, Grasshopper….”>
I have done several computation and have predicted that CEDC will go down 20%, urge you to sell now
I know one indicator that works every time
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.the PPT over bought !
Wow, how did you know it is overbought already?