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Prosper,
At 22:14 02/12/00 +0000, you wrote:
>If you cut the end off of a blanket and sew it back onto the other
>end will you have a better blanket? Buy, sell as you like, whether it
>is a time to buy or sell something depends on the trader his system
>etc. From your post it sounded like you wanted only to hear buy
>recomendations from some pros. That precludes sell or stand aside
>recomendations. I know nothing about your other posts. I stand by my
>answer, if it is still in a downward channel don't put on trades
>going the other way unless maybe you are spreading or fishing with
>options and have a very thick wallet.
Perhaps, you are right from a single trade, trend following
perspective. Certainly that kind of trading often has a reasonable
amount of stress associated with the style. You appear to refer to
stress indirectly with your 'thick wallet' phrase.
Perhaps there are other perspectives.
The market makers seem to make out OK buying into the falls.
There is a counter-party to every trade in a futures market. The market
makers in aggregate must take the other side of the balance of outside trades.
If the market is falling heavily, it is a reasonable assumption that there
are probably more outside sellers than buyers. If this is true the
market makers, in aggregate, must be net buyers.
So your advice would seem to be inappropriate for them - or at least they
are not taking your advice.
There is often more than one perceptive to most topics.
The market makers are providing a service to the net selling of the outside
traders. When you provide a service, you often get paid.
There are many ways to trade successfully, not all involve a single trend
following approach.
Perhaps, the other ways to trade have concepts you may not may have
envisaged and advantages that do not include fear and stress.
Regards, Ric.
>--- In realtraders@xxxxxxxxxxx, "Dom Perrino" <domenick@xxxx> wrote:
> > Prosper, Since you may not have seen some of my previous posts,
>just to let
> > you know that I am not just interested in buying, I am interested
>in making
> > money.I let the market do the talking. ,and I try to listen to what
>the
> > market is saying. On 9/1/00 I posted a sell signal on this board
>and most
> > people know that I am still VERY BEARISH on the market. However, I
>do trade
> > rallies within that overall bear market. If you short at the
>beginning of a
> > bear market and cover your shorts at the end of the bear
> > market that ,in my opinion is long term position trading.It is the
>same as
> > the person who buys and buys more on weakness throughout a bull
>market.The
> > more meaningfull moves you can get, the more profits you should
>have. If we
> > follow the philosophy of those who have suggested to sell the
>rallies within
> > a bear market you are doing the same thing as those people who buy
>all sell
> > offs in bull markets. At least two things are happening in both
> > situations:1)They are averaging their position and 2) They are
>putting MORE
> > capital in the markets on each reaction.in the opposite direction,
>whether
> > bull or bear.In addition they then have to determine when a bull
>market or
> > bear market has terminated.Making this determination is much more
>difficult
> > ,in my opinion, than reading the market on a shorter term
>basis.Commissions
> > these days being low what is incorrect about covering your shorts
>prior to a
> > rally and then reshorting .This way you can have your short
>positions and
> > your cash also.
> > Dom
> > ----- Original Message -----
> > From: "Prosper " <brente@xxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Thursday, November 30, 2000 2:57 PM
> > Subject: [RT] Re: Time to buy????????????
> >
> >
> > > Seems that you want to only hear about buying, so buy your brains
>out.
> > > As for me I will watch the channels for evidence.
> > >
> > > Prosper
> > >
> > > > Aside technical indicators,fundamental
> > > indicators,ew,astrology ,gann, fibo.etc., and putting personal
> > > experience in the forefront.Let's get some input based soley on
> > > experience since I think that this election fiasco is throwing a
> > > monkey wrench in most indicators.
> > > > Is this a buying opportunity that some time from now we will
>look
> > > upon as a coulda, woulda,shouda ??? In my own past experience
>almost
> > > every time things looked as dismal as they do now it turned out
>to be
> > > a buying opportunity.
> > > > Let's hear from some heavyweights (and others).As a
>technician, I
> > > know it is hard to put technicals aside. Let's try ,we will be
>able
> > > to hear opinions without having to justify it with an indicator.
> > > > Dom
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> > >
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxx
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