MightyMouse

Spy is in a monstrously, major bull market. It probably has a few more years of upside to it. A short put is the better bet, even if you are put the etf, if you want to be a premium writer; otherwise, a strategically purchased call will make you more money in a bull market. You need to have really good reasons for going against such a strong move if you choose to write calls. The call premiums are high to lure traders into doing exactly what you are thinking and deter exactly what I am saying. Best of luck

All players are important in the market. Large and small. Short or long in terms of both direction and time in the market. HFT or algos, or whatever you would like to refer to them as, are the trading idiots. Idiot in the sense that they trade with a finite set of rules. You don't have do be brilliant to make money in the market. Even an idiot can exploit an arbitrage opportunity while it exists with the right set of instructions.

Every so often even a blind squirrel stumbles upon a nut.

At the outset one needs to define exactly what a mistake is. A trade that results in a loss is not a mistake. True trading mistakes have been written about elsewhere on TL. A trading mistake is either: 1 Getting into a trade that you should not have gotten into. 2 Not getting into a trade that you should have gotten into. 3 Getting out of a trade before you should have gotten out. 4 Staying in a trade that you should have gotten out. So, if you take a loss, it should be a loss from a trade that you would take again and again 500 times even if it results in a loss.

I think he means that traders who are good enough to make a small fortune in the market, start with a big fortune.

Are the etfs equities markets biased? Equities have done phenomenally well over the last 5 1/4 years. It was hard to lose money, long term, with anything that is a component of the s&p 500, or other related corporate index.

Traders add to their losers because it frequently works. The issue is when it doesn't work.

Markets can remain irrational longer than most traders can remain solvent. You always have the smallest position when you are immediately right and the largest position when you are completely wrong when averaging into losing positions. Letting the stop take you out of a position is a better idea.

[ame=http://www.youtube.com/watch?v=TYeVQzTVyLk]Being There Seasons - YouTube[/ame] Incredible similarity to the statements made by the "dumber than wood" Chauncey Gardiner in "Being There" A favorite movie of mine from the 70's, starring Peter Sellers.

If it didn't look like a buying opportunity to some, then price would be a whole lot lower than it is right now.

We make money in the market when others lose. Most losing traders cannot keep losing forever; losing traders either stop trading, or they change the way they are trading to either a winning strategy or another losing strategy. A winning strategy could be simply finding what our threshold for pain is. When they do, possibly, we start losing and they start winning. If we trade expecting to find traders who will lose and they are not present, then we do not make money and may lose too. The challenge is to continue to profit from others' losses which will involve changing how we take money from the market. It is unknown how long a strategy will work but expect the above to be true. Fortunately, there is always an abundance of losing traders.

Looks like nice trading! Are the consecutive arrows points where you added to a position? If so, great! Do you ever add when it goes against you?

The above average trader will make 8+ percent a year and have an occasional losing year. How much he will make is a function of interest rates, volatility, talent, and being in the right place at the right time. The average trader will lose year in and year out.

Keep playing chart game. Eventually, you'll be enlightened by the discouragement or you'll find something non trading related that is not as discouraging to you. 1. Try them all and figure it out. 2. Makes no sense. 3. Everywhere. Read the good stuff and the bad stuff. 4. I think most brokers will allow you to daytrade 1 emini with $1000. Forex brokers will take like $50, or maybe even lower. Either way, $3000 is not enough money to hop in the ring and slug it out with anyone. But, if you feel the need to try, I trade oil and gold. please deposit it there.

Did you decide to learn how to trade before you had money? Did you actually learn how trade in 8 months with no money? What is your degree in?

Your persistent bullishness reminds me a bit of Bagdad Bob, the former Iraqi propaganda minister under the Hussain regime: "Surrender or be burned in their tanks." "No I am not scared and neither should you be!" "We have them surrounded in their tanks" "They're not even [within] 100 miles [of Baghdad]. They are not in any place. They hold no place in Iraq. This is an illusion ... they are trying to sell to the others an illusion."

I hope you live long enough to benefit from your predictions.

Confidence is good. Good Luck

In the US we use racial slurs instead of bait fish as the subject of predation.

I am really good at eating pasta.

Bond prices are impacted by interest rates, credit quality, inflation, and market risk. The length of time left to maturity will make one bond's price with a longer term to maturity more volatile than another's bond's price with a shorter term to maturity. In the end all bonds mature at par. Interest rate risk and credit risk should be simple to understand. Inflation impacts the real return of the yield. ETF's do not mature and are always subject to market risk. You would need to hedge the market risk of the bond etf in order to use bond etfs to simulate the collateral yield strategy.

I saw his interview on 60 minutes. Very interesting

Your stop order will be filled below the level of the price - dividend. When MMs adjust the price, your sell stop becomes a market order below the adjustment. Your loss is the dividend - the adjustment - (the bid ask spread + commission).

Reality, on a macro economic scale, takes time to develop. A market can remain "irrational" longer than one can remain solvent. The information you are gathering to win year in and year out may have been voiced to you from Lady Luck rather than your volitional consciousness. I would take the money and run, but don't ban yourself from TL. You are fun to have around.

You guys are daft. Cate & Cokie look like old ladies. You guys must have some sort of Oedipus complex revived by a flacid, old age. Talent, beauty, and a nice ass gets me every time.