Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
By the way...you're playing support/resistance, market patterns etc. THAT'S TECHNICAL ANALYSIS
I do this because it's the only way to make winning, profitable trades.
I beg to differ. You're trading right now with no stop losses because you have no money. When you get your account into the high six figures, come talk to me about technical analysis. Just about anyone can say the euro is going up 50 pips and be right within a few days. My gosh...I predict it'll go up another 50 pips within the week at some point.
You talk like you're the only one in the whole damn world that trades profitably. Well, you're an arrogant son of a buck. Let me know when you get some money and I'll teach you a thing or two about trading conservatively...and KEEPING your money.
Please spare us buddy. ANYONE with a few thousand dollars can trade with no stops and make money. Let's see how you hang with the big boys IF you ever get there.
You said:
Had I followed the tech indicators I may have closed them for a loss and went short. So not only would I have lost the jump we made this morning, but I'd be in the negative again, losing money...
Well...you failed to mention that "those people" (you didn't have the courage to mention me by name) calling for shorts were right on the money with TIMING the short WAY before your long played out. A short taken when I called for it could have netted 50 pips.
You kind of forgot to mention that part. You see...my approach is consistent AND teachable. Your approach is renegade and cannot be explained. Therefore, one of these days, you're going to get burned BAD.
Unlike you, I don't pat myself on the back at the expense of others. However, this is different as you're an arrogant asshole.
Have a nice day.
I also heard that Embarq paid $1 million of their own money to have their vendors build DSLAMS with Rim's chips in them.
You heard this from where? Deeba? LOL
Yeah...pretty cowardly, wasn't it? lol
I changed my post once I realized the date was right. lol
Good articles. Very interesting indeed.
Hello there Dr. Glance. I have to agree with you 100%. In my opinion, short is a better bet than long on the euro right now. I'm actually waiting for a break of the 50% fib line for confirmation for entry as it's been bouncing between the 50 and 618 for several days now.
Thanks for taking the time to point that out. However, I think you're missing my point. Perhaps I'm not being clear. Let me see if I can clear this up a little.
I'm not calling this a scam. I'm not saying that I don't believe that TSMC will be producing a chip. What I AM saying is that until I see an actual agreement in an official filing that TSMC will produce X number of chips for RSMI, I plan to withhold an investment decision. I say this because first of all, we have no idea how long it will take eSilicon to prepare for that to happen. Second, even if Brad told us how long it will take, I wouldn't believe it due to his gross miscalculations regarding timelines in the past.
I have therefore decided to NOT invest because I need to make 5% per month on my money, and RSMI would suck away capital without being willing to give me any accurate indication as to how long it will be dead money.
Does that clear things up?
Gary,
Please don't put words in my mouth. I can't afford to have my money sitting in RSMI month after month, not earning me one single penny.
My point is that for several years, we've seen things posted on websites, put out in press statements etc. I'm still open to Rim having something spectacular. However, I'll be damned if I'm going to believe what Brad says outside of an official filing with the SEC that spells out a definitive material agreement.
Anything outside of that would be foolish in my opinion, and would be gambling rather than actual investing.
From Chris Rock:
"You know the world is going crazy when the best rapper is a white guy,
the best golfer is a black guy, the tallest guy in the NBA is Chinese, the Swiss
hold the America 's Cup , France is accusing the U.S. of arrogance, Germany
doesn't want to go to war, and the three most powerful men in America are
named Bush, Dick, and Colon . Need I say more?"
From Chris Rock:
"You know the world is going crazy when the best rapper is a white guy,
the best golfer is a black guy, the tallest guy in the NBA is Chinese, the Swiss
hold the America 's Cup , France is accusing the U.S. of arrogance, Germany
doesn't want to go to war, and the three most powerful men in America are
named Bush, Dick, and Colon . Need I say more?"
I saw the press statement. Where's the agreement signed with RSMI? That's the part I missed.
Gary,
Please show me where Rim has entered into a material agreement with that really big semiconductor company. I must have missed that. Thanks in advance.
I'm not liking the euro just yet. We're in a sideways pattern on an intermediate basis. I'm really liking the dollar against the swissie right now. We broke out above the 618 fib retracement, have seen a support bounce off the 618, and are now in the process of testing the 618 again.
We're also above the 20, 50, and 200 sma.
I'm waiting to see if my intermediate term stochastics (14,5) is going to bounce off of the 40 to 60 area. At that point, I'll expect a full 100% retracement of the previous high and will enter the trade. As long as 618 holds, and the stoch. turns up, I'm looking for 200 pips or so.
Right now I'm very short term bearish bias on the swissie. Will wait for confirmation to enter a long on the pair.
Good stuff
Rolex replicas...Viagra...Discount Pharmacies...Fake Diplomas...Revolutionary Broadband Technology
Whoa...a message board with nothing but excel and Lycus. Looks like loads of fun.
From a technical standpoint...that may be a nice anticipatory counter trend reversal trade. Put another way...it may make for a nice anticipatory trend continuation trade. (LOL) It's a bit risky without confirmation. However, you seem to have a fairly good feel for reversals etc. However, if we close above 3030 or so, all bets are off.
It hit the 38% line on two different fibs. It didn't break out on the daily...it just went to upper level resistance.
I'll add more contracts to my gbp/jpy long on a break and close above 240.96.
I agree. wheels, 427Cobra, Gary...I've made a firm decision. They're pretty good guys. I use to think it possible that 427 was being unethical in some of his postings. However, I've come to the conclusion that he really and truly believes what Brad is telling him.
To be honest, I believe the company has something of value. The company has definitely been less than forthcoming in the past. But I believe they have something to sell as of now. The circumstantial evidence is definitely points in that direction.
The main thing that keeps me from buying is not knowing what Brad intends to do to deal with the 400mm shares OS. How do you attract investors?
cosmo-cut the bullshot, man. We all pretty well know you're a slimeball. When you make a post that flips the middle finger at someone (which you've done a few times), then these posts where you try to make it appear that you're taking the high road just don't work for you. We know you're full of it.
Go smoke another joint.
Do you think it's possible that Rim paid NITE to sell the debenture holders' shares? That's a lot of work. It's also highly illegal for a company to pay a market maker to prop up the share price.
What do you believe they're lying about?
Congratulations, Matt. I wish you luck. If you don't mind me asking...who hired you and what will you be doing for them?
Louis...pretty well anyone in their right mind should know that. It's almost inevitable...even if they don't need to do it to get more financing. It's almost a FACT.
Excellent article Dr. Glance. THANK YOU.
In my neck of the woods, the 50% line is considered fairly neutral. 38% and 62% are the key lines. In a lot of cases, when price breaks either of these lines, you're looking at price making a full retracement/extension (0% when it breaks 38%) or (100% if it breaks 62%).
In some circles, people set their stop loss at the 50% line as it makes for a very nice profit to loss ratio.
More well-versed amd well-timed lies from the Fed about the U.S. economy
LOL
Absolutely...please include the name at the bottom.
The following was written by a colleague...one of the top professional traders in the country.
The Ten Mistakes That Beginning Traders Make
1. Trading Without a Plan – Too many traders start trading without a well-defined methodology. Whether it is a black-box mechanical system, or a well thought-out discretionary tactic, every trader needs a consistent approach to the market. The approach needs to include precise entry and exit points, and risk management practices.
2. Setting Unrealistic Expectations – Beginners think that they can make a living through trading with a small initial investment. They think that they can double, triple, even quadruple their accounts in a year. The setting of irrational expectations is a precursor to failure. The best professional money managers in the world average 20, or maybe 25, percent per year.
3. Impatience Leading to Overtrading – There is a notion among amateur traders that they must be in the market at all times. This leads to unnecessary taking of risk and poor decisions. The fact is, sometimes there isn’t a good trade to be had. Furthermore, the overtrading that stems from impatience leads to an insurmountable mountain of transaction costs in the form of commissions. Transaction costs eat into profits and should be minimized.
4. Improper Position Sizing – In an attempt to achieve the aforementioned unrealistic expectations, new traders take on far too large of positions. Risking upwards of 20, 30, even 50 percent of account equity per trade, these traders quickly learn about the law of probabilities. In all reality, position sizes should be kept in check. New traders should start by risking no more than one or two percent of account equity in any given position.
5. Lack of Diversification – Industry groups come into and go out of favor. It’s a simple truth of the market: rotation. New traders too often get caught up in the hysteria when a certain sector is out performing the market, and focus far too much of their capital on that group of stocks. Eventually the trend comes to an end, and beginning traders are often caught with a concentration of these stocks. The only defense is diversification, which also mitigates many other risks.
6. Poor Risk Management – Proper position sizing and diversification are parts of an overall risk management plan. Unfortunately beginning traders don’t even consider risk as a part of the investing equation. These traders are overly focused on the reward side of the equation, which exposes them to excessive risk-taking. In addition to properly sizing positions and diversifying, traders need to account for other risks such as interest rates, politics, exchange rates, and competition. This is achieved through taking the time to research individual positions.
7. Trying to Time Tops and Bottoms – Amateur traders look at charts of stocks that have risen three-, four-, even ten-fold and feel that they have missed the boat. This feeling compels them to try to pick the end of the trend, and adopt a bearish stance. The same feeling occurs when a stock has dropped by 50 percent, or more. The new trader thinks that the stock has fallen enough, and is compelled to buy. The truth is that tops and bottoms take time to form, and trying to accurately predict the end of a trend is nearly impossible. It is, in fact, this attempt to predict that perpetuates trends.
8. Trading Against the Trend – Whether it is a subjective observation of higher highs and higher lows, or an objective definition using technical indicators, it is paramount that traders identify and trade with the trend. Too many new traders struggle against the market, forcing their will onto a stock. When in all reality, the task is rather simple: Identify a trend and go with it.
9. Focusing on Being Right – There is a chasm between being right and making money. The latter involves knowing how to be wrong, knowing how to lose. The game of investing is one of probabilities. Amateur traders never consider the possibility of being wrong. They think that they must make money on every trade. This is a fallacy. Knowing how to lose opens the door to making money in the market.
10. Cutting Profits Short, Letting Losses Run – There are two basic human emotions in the market: hope and fear. Forget about greed. Hope and fear drive decisions which, in turn, drive stock prices. Unfortunately, these two emotions work against beginning traders in the market. They get hopeful and fearful at exactly the wrong times. New traders turn fearful of losing a profit once a position shows a small gain. Consequently, they cut profits short. On the other side, amateur traders turn to hope when a position shows a loss shortly after entry. This hope leads to bigger and bigger losses. The trick is to reverse the emotions: Be hopeful for bigger profits and fearful of bigger losses. This is achieved by having a well-defined methodology, using proper position sizing and diversification, managing risk, being patient, and trading with the trend.
Full Credit goes to Eric Utley
2007
good resistance breakout entry. picture perfect. very nice
These folks have already done a lot of the heavy lifting as far as discovering and defining intermarket relationships. A friend just spent $4,000 on this software. http://www.tradertech.com/
That's no threat to RSMI!! All they do is start adding something about wireless in their PR's. Of course, this may take another year or two to perfect the new addition to the technology.
You really should start eating breakfast.
Dude...you really make yourself look bad when you talk like this. C'mon man.
You have GOT to be kidding me. Are they really accepting $200 membership fees...or does a page pop up after you attempt to join that says you're an idiot? Let's ask groovemaster. He'd probably know.
http://go-n-motion.com/
Hey wheels. Thanks for the reply. I work with a publicly traded company. Our share price has gone from 30 cents to over $13. I listen to conference calls between the CEO and analysts and fund managers. These guys are RUTHLESS. Every single nit-pickin' thing will cause them to sell or not to buy stock.
One of the concerns is shares OS. That is a HUGE issue. When a company has more than about 60mm shares OS, that is cause for concern because it will likely be very very prohibitive as it relates to share price appreciation. It will be difficult to attract real investors of the stock.
My main question is...how does management plan to tackle this situation without doing a reverse split? There's no way they do a stock buy back as that money needs to go to R&D.
A real company with a real plan will have already planned for this. My question...what's the plan? Does management simply not want to share with us because the plan involves a reverse split? If not, then what do they plan to do?
That's right. I have no point. You should probably keep listening to "investors" that are as broke as you are currently. Don't listen to people who have proven themselves. Just keep hanging with the ill informed. That'll get you where you want to go. Just for the record...I don't think of you as being a total loser. You just haven't exactly figured out how to start winning. I do have high hopes for you, though. Keep trying.
Hey groovy. It's not so much that I'm not able to explain my baseless position. I just happen to know that if I do decide to take the time to explain, it's going to fall on deaf ears.
You see, my time is pretty valuable. I waste enough of it just reading and responding to these posts. I'm pretty well making my fortune as it is...and I really have nothing to prove by typing out some long post regarding how this company is pretty well screwed as far as attracting investors.
So you'll please excuse me if I don't feel compelled to play your game. My ego doesn't require that I take the time to explain things to small people like you who are pretty well stuck in this stock as you have no more money to invest elsewhere.