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byankee

03/26/12 1:52 PM

#699041 RE: Cincy Trader #699039

By clowns, I'm assuming you mean the Fed-not a good idea to ever fight the Fed. IMO
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pantmaker

03/26/12 2:03 PM

#699043 RE: Cincy Trader #699039

Cincy- I know what you mean, but based on my own experience when I am short, or long for that matter, and I start to feel that way it typically means that I am on the right side of the trade (I know it doesn't sound very logical). Timing is the tricky part of any trade long or short, but if you get a good solid entry...give it enough leash, time will deliver the profits. I have some significant short positions now and cash. I am about to add to my XRT short from the other day as the market seems to be pricing in, what appears to be, the second coming of the Messiah for it.

I am comforted when it feels like it's only me and a couple of other folks in a trade. Like now. I'm not late to this party...I'm early to the next one!

pants
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Dr VanNostrand

03/26/12 2:04 PM

#699044 RE: Cincy Trader #699039

I hear you - just dumped my helping of VXX at a loss. Complacency is at near record levels but my timing was off. Happy Happy Joy Joy! chants Stimpy :-)
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capgain

03/26/12 2:38 PM

#699047 RE: Cincy Trader #699039

I hear ya, I give up on any big down whatsoever. Have to accept the think like a criminal rule and be prepared to go long at any time lol!