it may have been that i was not clear in my writing.
what i said http://thapap.blogspot.com/ is I will not buy [ longs i.e. stocks ] in this market and will not do that until it hits 600 or lower. that does not mean that it will hit in next 2 months (O: or if it ever reaches there again; if i knew that i would not be posting here as always... i will be owning a private island of off jamaica.. .anyway.. that being beside the point...
i stand by my trade "C" and its price prediction. which i will later explain in my http://thapap.blogspot.com/
======================================================================= as always what do i know (O:
Please grow up and stop taking my posting literally. Read my postings above where I mention about how much I could be right or wrong before you jump your gun. Turnaround Tuesday is a term professional traders use for Tuesday, where stocks tend to turnaround. But will it always happen? NO.
Plus you misinterpret "Turning around" - If it is positive on Monday, it will go negative on Tuesday, and if it is negative on Monday it goes positive Tuesday. That is what I meant. And if you are a professional trader you would have uderstood. But keep listening me you will get it. But, don't jump your gun. -------------------------------
or visit my site http://www.mounteverestfinancial.com and YES I am sure you will to take the information, do more research and form your own opinion not rely on my research solely, but take it as a starting point.
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Idiots, I have been mentioning that take my tool as a starting point, and but some of the idiots here jump the gun without reading carefully because I make trading sound simple, IT IS NOT SIMPLE. You will hear on my Trade Talk how much research I put it befoe I take the trade. Please, don't jump your gun without some research on your part.
wheel, read about me @ http://thapap.blogspot.com/ and may be you will take certain trades from my play book. btw, i post my trades when i make it not after 2 months (O:
i do not claim to be trader. i am not a trader (O:
btw, you should respond to fortunefaded and positive carry he made some good points.
database, [ sorry i wrote it wrong the first time ] thank you for your kind words. i would not have posted to this thread but $$$ makes people's eyes glow and they might be tempted and get suckered in. that is why i started posting in the stock thread.
positive carry, i did not see your post earlier ... being honest i did not read all the post above )O: sorry. you make very good points.
Are you going to post a screen shot of your trades liked I did on page 3. You still haven't answered my earlier concerns and questions.
Do you think you are the only Nepali that does this? Do a search for eminitrader or Samsara.....they used to post their P&L. Forex traders are usually the least sophiscated traders, they are undercapitalized and are in it for the leverage. Who do you trade forex with? Don't tell me it's Oanda or FXCM or one of those bucket shops. I'm going to puke. Can we call you at 5 tomorrow to know the direction of the market.
If you want to be legit, you need to post the entry price, stop-loss and profit target and/or time and it has to be based on something else besides your gut feeling.
I believe that you suck at trading so you are trying to give classes for the money.
Here is my earlier post.
Wheel,
For some reason I find it hard to believe you. I do not think that you are a succesful trader for the following reasons.
1. You decided to stay with C when it is down big today. Any successful trader knows that the first rule of trading is "cut your losses short".
2. I watched your video on currencies and you mentioned fibs. I don't think I have met any consistently successful trader that trades based on fib retractment or commonly found technical indicators.
3. It seems that you are trying to teach people how to trade. If you have been so successful why teach others when it is going to take time away frm your trading.
4. You said that you have been trading for 26 years that means you started in 1983. The average life of a trader is 10 years and anyone who has survived the first 10 years is filthy rich now. There is no need to give classes to make money. Instead you should be enjoying all the money that you made so far.
I could be completly wrong and maybe you are a Nepali Soros but please prove me wrong by posting some of your trades, preferable Citi that you mentioned you bought at 1,2 and 3. I am a small time trader, my roommate's brother taught me how to trade and he used to trade for a hedge fund.
Please post your transaction history and I'll believe you. You should not have a problem since you are trading your own account. I am posting mine.
I thought you were one of the smartest peopel here, but I was wrong, and now I put you in the category of idiot. Watch Kramer, and lots of other people in Wall Street and what I am telling is not any different from what they are saying. I was up at 5am studying the market and from Turnaround Tuesday theory - which is accurate most of the time that, NOT all the time. I predicted since market was in negative territory on Monday that it would rise higher on Tuesday. I know you did not get it, but keep reading and listening to me you will get it one day. BTW the prediction came out to be accurate. If you are not a trader or not interested in trading do not come to the forum I initiated and jump the gun. Where did I say I felt today the market would go up without any base to back that up? Did you slam me for a fool to show others that you are more knowledgeable and smart,? Well that just showed me your are ignorant. Grow up buddy! I am not buying your ignorance. Bring some substance instead of your stupid comments. I have said what need to be said in Trading World. Watch CNBC you will hear worse from millionaire traders.
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Positive carry,
My citigroup trades have been profitable. And No I do not wish to disclose my trade screenshot. That is my proprietory, and all the trade ideas are my proprietory, which I teach in the classroom. I am holding citigroup and I will exit around $4-5, and take profit. I just finished You Tube video, where I mention about the Citigroup chart. However, if you look at my website www.mounteverestfinancial.com I have lots of other stock alerts beside Citigroup to start a point further research for your future trades.
Idiots: Seek some advice and further research before you trade your real money. You do not know where to enter and where to exit, and even the superior technical analysis does not guarantee profit all the time, and the range of time we anticipate. You can also lose money from making a trade. Sometimes holding stocks longer is wise , and sometimes it is not. Fools, stock trading is risky business and if you are not capable do not TRADE and get out from this business.
mr. wheel, all my posts/trades are in here @ http://thapap.blogspot.com . i give out entry and exit. not the actual transaction size for various reasons.
and as a disclaimer: this is by no means any recommendation in my blog. it is how/what i do for my trades and it is my thought process that goes in there. PS i am not a trader.
i have been writing it for a while and just decided to make it public recently. meaning past post has no value in the eyes of reader in present[hence, i am not posting it ].
for all of your information, this blog is nothing more than my personal thoughts. so do not blame me if you are following it and losing shirts and pants.
and i will tell you honestly mr. wheel if you think LUCK plays a role in your trade then you need to do a little more homework on trading. [ just my 0.02 ] you are free to disagree.
wheel, thanks again for dodging my question about stop loss orders. And getting angry at others makes you look unprofessional and sound like a real jerk, especially by calling others idiots. This will be my last post in your thread. Good luck with your trades!
inpeace, my updated analysis on xlf....
The MA pattern is starting to complete in the xlf..... For those who don't know about it, click the link below http://www.stocktock.com/2008/06/06/ma-pattern/ Are we going to see a big pullback this week? I don't know....
Well, who started the slamming first. It was not me. Mostly, I come here once or twice. Once in the morning and once in the afternoon after the market is closed.
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Thapap,
Sir,
I do thorough research before I place a trade. I count on luck only after I place a trade.
Thanx for the chart .....Ya you are right we might see a big pullback soon......The general market is very week so even financial is holding it wont be able to hold against general market....I think as you said it will go down.....
Thanks for your heads up and concern. I am not worried about C. I am not trading on margin, and my strategy at this point is long term. Take a look at these stocks that are doing well today:
AAN AAP ABG ABIO ACTU ACV ITWO JCDA RNR
There are more, but let me stop.
I have also updated You Tube videos on Swine Flu and Metal Correlation that I have been talking about on my Radio Talk Show and You Tube videos.
Hey Wheel good luck on longs....Hope uor right....I think now almost time to short everything.....might go to 200-300 more points on dow but 5500 at the end.......
Short position does seem attractive, but I am one of those people who agree with SEC to ban the short selling during time like this. Here is another HOT stock that did really well.
Y - Alleghany Corp.
Yesterday Alleghany Corp was trading around $220 level today it jumped to $245. But, you are right I don't have the stomach to go long on this stock on today's price. But, going long on pullback seems reasonable.
I have also put all You Tube videos on continus play on broadcast channel.
and it begins - on Day 1 Trump will begin operations to deport millions of undocumented immigrants
To Sajha admin
Travel Document for TPS (approved)
All the Qatar ailines from Nepal canceled to USA
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