markcrisp
187 posts
msg #52132
- Ignore markcrisp
modified |
6/11/2007 3:27:07 AM
So Nico.......:
You are shorting a stock like CROX because "it has gone parabolic" and can't go higher.....That's a fantastic method. It was exactly the same with you guys in all my biggest winnig stocks like HANS, TIE, TZOO, TASR, NTRI, ICE..... you always get the crowd who just have to bet against them. I suppose it fuels my profits.
But you know what is going to be real funny? Say CROX gets to $95, even $100 then makes a 10-15% "correction" all the shorts (like Nico....) will then scream to the world how correct they were.......Despite the fact they have been shortign since $70+. It's unbelievable.
And you talk about the dat trader making just 1% per day....what about the losing days? What about the flat days? Oh...i suppsoe you do not get these.
Oh well I have my method and it's done excpetionally well for me. I don't have to spend any time during the day watching quotes or having a J.O.B. in the market basically making a few point here and there. I do other things and let my money do the work for me. Or should I say CROX ? Just bought a pair as well , fantastic shoes to wear. Look a bit odd.
:-)
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markcrisp
187 posts
msg #52133
- Ignore markcrisp
modified |
6/11/2007 3:34:27 AM
Now, let's crunch some numbers. If the daytrader can consistently be able to replicate the success of grinding out 1% profit day in and day out, it would take only 100 days to make a 100% profit. Considering that there are roughly 22 days in a month, he or she can accomplish the same result that took 9 months for the investor to achieve in less than 5 months. That's nearly a half! I wonder who's making the bigger money, after all?
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Why do you think Warren Buffet invests long term?
Why do you think Soros doesn't day trade?
I never read about ONE Market Wizard day trading the market..did you? No there is not one in three books.
Maybe because day trading is such a small scale method of trading. Think BIG.
I do not know of any day traders trading over $1Million. In fact every day trader i know trades with quite small sums. You simply cannot compund day trading profits into huge dollar amounts. Stop thinking so small solo one man trader and try to think bigger. Talk about "spinning your wheels."
What would you rahrer do?
Make 200% per annum on a $100,000 account or make 40% on a $2 + million account?
hmmmmmmmm..I wonder why all the big players swing trade or invest in the market? Can you figure it out Nic......?
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alf44
2,025 posts
msg #52137
- Ignore alf44 |
6/11/2007 9:36:02 AM
"I never read about ONE Market Wizard day trading the market..did you? No there is not one in three books."
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This is just a completely ridiculous statement !
Mark, I'd suggest you go back and read those books again (if you ever read them in the first place)...there are a number of so called "day/swing/short-term traders" featured in the Market Wizard books...Linda Bradford Rashke just to name ONE !
Regards,
alf44
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nikoschopen
2,824 posts
msg #52138
- Ignore nikoschopen |
6/11/2007 10:24:02 AM
markcrisp sez "You are shorting a stock like CROX because "it has gone parabolic" and can't go higher....."
As a matter of fact, yes, and I went short at the open.
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karennma
8,057 posts
msg #52142
- Ignore karennma
modified |
6/11/2007 12:07:14 PM
Ouch!
Ya' know ... everybody & their dog is wearing these shoes.
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alf44
2,025 posts
msg #52145
- Ignore alf44 |
6/11/2007 12:30:03 PM
...even George W. Bush !
When ya see pics of GW wearing Crox with black socks...you have to think the TOP has been reached ! ROFL
If we next see Abby Joseph Cohen appearing on CNBC wearing tha things I guess it's a certainty !
Regards,
alf44
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markcrisp
187 posts
msg #52146
- Ignore markcrisp
modified |
6/11/2007 12:39:21 PM
Nice call Niko.....:-)
Anymore day trades for us to follow? :-(
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markcrisp
187 posts
msg #52147
- Ignore markcrisp |
6/11/2007 12:42:23 PM
Blimey.. i was kidding. I seriously hope this is not your method.
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You are shorting a stock like CROX because "it has gone parabolic" and can't go higher....."
As a matter of fact, yes, and I went short at the open.
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Many said exactly the same about TAST, TZOO, HANS as they doubled then tripled and more.... You might even get lucky and scrape a few points here and there. But the big money is in the big moves. Think about it.
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nikoschopen
2,824 posts
msg #52148
- Ignore nikoschopen |
6/11/2007 1:30:41 PM
I will do exactly as you advise by holding onto this darling stock for that "big move". After all, Rome wasn't destroyed in one day.
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as214
184 posts
msg #52150
- Ignore as214 |
6/11/2007 1:45:06 PM
Don't quit your real job Niko!
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