Calm down, bears.

n748

S & P is 900+, but that's not the end of the world.

As a small frog, I'm still holding my QID for future profit, yes, I believe I will get out of this position some day, with profit.

The media, the environment, gives me a feeling of bull market. Not just a bull market, but a crazy bull market.

Just the opposite of what I felt in March.

People are talking about 1000, 1200, well, they can say whatever they want to. by the way, where were those people when S & P was below 700?

Not be scared. Instead, treat it as an opportunity to add more short position at better price.

Everyone should know that market can not go straight up for too long, especially when it has already accomplished 36% gain. However, everyone becomes hasitate, or at least much less aggressive in shorting.  

It's obivious now, even those Laodas are not really sure how to handle this technically extremely over baught market.

Is it similar to what people did when it was 700-? Hasitate and not really sure whether to buy for a rally? (I did load to 85%, but sold too earlier. And I admit that I shorted too early too)

That's when we actually should be more aggressive, and confident to go short, isn't it? I don't know how high this crazy market can go. What I am trying to do is wait and add more position by buying SDS QID SH at cheaper price. 100 at a time so that I will not be too deep under water. I treat this as simple as I can, like a small kid, the higher it goes without pullback, the harder the drop will be, which means the more profitable for your short position, right?

BSC

thanks and support you

seabiscuit

You are as strong-minded as I am. Shake hands...

firecs

Well said. Loaded short positions today!

xiaozhu

Good point

n748

3# seabiscuit


I'll cautiously add some tomorrow, especially if it gaps high.

sniffer

1# n748

It is better to let 领导先走. Actually I did wrong things:
I bought 100 SDS last Friday, added another 100 today....  
If I sold 100 SDS at today's opening and bought it back at today closing. I will feel better...  
But If I did nothing, I will feel much better since I have seen 领导 turn around... I ran in front of 领导.... What stupid!

n748

7# sniffer


good point. But I usually would lose opportunity when I did clearly see Lingao's action. I hasitate and then completely lose the opportunity, like this rally.

actually the position you added today may not necessarily a bad position at all, it may be a position established at better price comparing with the new position you build one it's clear to you that Lingdao already left.

revolver

Good article that should be on top!

Things are actually that simple. When the big players want to manipulate the market, TA signal will become invalid and it's very difficult for frogs to forecast the market using TA. However, no matter how powerful the player is he can't win against the great market force in the long term.

新低手

7# sniffer

I bought 100股DUG at the end of last Friday, I did not add more today. If spx jump up, I would buy some more DUG tomorrow  and sell C

Well, my EUO is still under water, but only small lose...

oldfox

dara

3# seabiscuit


I'll cautiously add some tomorrow, especially if it gaps high.
n748 发表于 2009-5-4 22:58

I agree with your first post.

But if it open gap high, it is no brain to short

Dolphin

sell the rally from now on.

sniffer

7# sniffer


good point. But I usually would lose opportunity when I did clearly see Lingao's action. I hasitate and then completely lose the opportunity, like this rally.

actually the positio ...
n748 发表于 2009-5-4 23:02

Most of frog traders prefer to fish bottom,  but they scare to chase trend and think they have missed the bottom. It is also include me -- missed the bottom, missed the whole ride because I attempt to deny obviously trend -- What stupid human weakness!

sniffer

7# sniffer

I bought 100股DUG at the end of last Friday, I did not add more today. If spx jump up, I would buy some more DUG tomorrow  and sell C

Well, my EUO is still under wa ...
新低手 发表于 2009-5-4 23:05

Actually, I aslo noticed the good price on Dug since last week.. but when I think about those freak MM of crude oil,  driving price to 200 then to 30 per barrel no matter what stock status are. I guess those freak MM may manipulate oil price over 100 this year since oil and gold are easily to find reasons to drive high. I am a frog. I do scare of these veteran MMs in oil and gold since I lost badly both on oil and gold last year.

戒急用忍

大家都承认这年头TA不管用了，那你还死扛熊旗干什么？
其实说句不好听的，做熊的都是自认为出类拔萃一点，结果很可能被聪明误啊。小心为上！

sniffer

大家都承认这年头TA不管用了，那你还死扛熊旗干什么？
其实说句不好听的，做熊的都是自认为出类拔萃一点，结果很可能被聪明误啊。小心为上！
戒急用忍 发表于 2009-5-5 10:08

I totally agree with you. I do not think I am an outstanding one but I thought I was right when I bought it.

raise3

n748

Market is beyond bear's imagination now. Not sure how bulls feel now.

I added 100 SDS and 200 FAZ today, as I planned. No stop loss.

I know almost everyone is bullish now. I just continue to play a dumb stupid bear.