|Doug, that's really wonderful you've done so well the past 6 months, but I just have to say something as your attitude makes my stomach turn. I tried to ignore your past several posts, but just cannot stay quiet any longer. We are almost all still here, survivors, wiser for the experience and doing phenomenally well. Myself and several other traders I know are having our best trading year EVER.|
I posted over a year ago when you started posting similar comments as many were hurting badly, I consider your attitude pompous and snotty, and your ego in need of control. Didn't your mother ever teach you not to be a braggart and rub your successes in others faces who have not done so well? Mine sure did.
What about that famous fact about great traders being HUMBLE, hmm? I appreciate your timely calls on this thread about potential market moves, but could not ignore the comments you keep repeating - laughingly - in your posts about so many being gone.
I find your attitude downright nasty and frankly sickening and had to state my thoughts, after ignoring many of your posts the past few months. Yes Doug, many got it wrong. Do you really get that much pleasure rubbing it in - and touting your success to many who are struggling so hard to learn and survive?
"I've noticed that some of the most frequent former posters on these boards have disappeared. Not surprising when you see their poorly timed short calls. Unfortunate but a learning process that will pay dividends in the future when it all happens again."
Looking back through about 2 years of posts, the most frequent posters on this board, for the past few years were:
bobby is sleepless
Jorj X. Mckie
(forgive me if I missed anyone!)
Each one of these traders have not only survived, but many learned to master trading and have gone on to higher levels, where they no longer post as actively as they are too busy making money! And some, now post elsewhere as I do. If you'd just click on their names, you'd see them most of them are actively posting on other threads. And as far as the "Experts" you refer too, no one who posted on this board ever considered themselves an expert LOL, we were all trying to help each other and share the knowledge. Frankly the only poster on this board who ever takes the attitude of being an expert, is...YOU!
They thought that since they had read a lot of books, learned all the technical jargon and had made money in the big bull move, that they were experts. They weren't and many of them have since learned that by reading what purported experts think, working hard and studying the market for 12 to 16 hours a day is one vocation in which all that effort can go unrewarded. They finally gave up and have gone on to other more rewarding endeavors.
It's been a great six months with the Nas up over 50% and many issues much better. Not quite as good as the Oct. '99 to Mar '00 period of over 90% (the days when all the newbie experts were born and posted so frequently on the boards . . not surprising they aren't heard from anymore).
Heading to Saratoga . . sure have noticed a lot of bears flopping around. Don't they know that they need to take off the suits when things get hot? Unfortunately, a lot of them appeared to have died . . maybe they forgot how to unzip the suits . . maybe they didn't have a clue when to put it on and take it off . . these message boards certainly are dead.
It's the third anniversary of the Nasdaq high of 5132 and where have all the daytraders gone with all those high probability patterns that worked so well in the bull and have failed so miserably in the bear. I guess they have gone back to work (LOL).
LOL??? Nice, Doug. I don't find that laughable at all, I find it sad.
I stopped posting frequently as I became more involved in trading futures, which I LOVE, and no longer had stock picks or intraday comments to share with others. And I needed to concentrate on my trades, since the futures are so volatile. And also, I decided I needed more time for myself, my personal life and traveling. I do however, post on another website occasionally because of the quality of posts, excellent information and professionalism of the traders/posters.
Another reason I stopped posting is I was the only one doing it for so long. That quickly becomes old, as it was the live interaction between daytraders that made this thread so hot at one time. Unless everyone participates,
It's no longer fun.
Very few of these traders were ever extreme bears either. The ones who were bearish (I probably was the most bearish) quickly changed sides as the market let them know very fast they were wrong at the time. And most bearish calls on this thread were short term on individual stocks or intraday index moves anyway. Even in this big move up, there have been GREAT shorts. Such as MSFT, a short I held for months and did really well with while the rest of the market ramped.
I also disagree with your comment that studying charts and the market is unrewarding. I would not be the successful, full time trader I am today if I had not dedicated several years of my life to studying and learning as much as I could. And most of my posts here were meant to help newbie traders and lurkers, something I felt I wanted to do since so many did it for me when I first began trading in 1998.
As far as permabears on this thread, I'm not sure who you are referring too, unless it was me. There have always been very few bears on this thread. And very few permabears I know held on short for more than a few days. I know of no one who has been short for months, anywhere except for some of the hedge funds.
My bearish calls in March-May 2002 were right on the money, but do you actually think I stayed bearish this entire time? LOL! I learned long ago to control bias, and go in the direction the market tells me to. I have bearish opinions about the long term view of this market and our economy, but I sure don't let that affect my daily trading. In the last 6 months, I have traded long far more than short, and held some positions long for months. I occasionally am still short term bearish, I was actually short the NQ and ES futures - holdin overnight - from Tuesday afternoon (pre-Amazon) all the way to Friday's lunch hour. Caught every gap down, three days in a row. And then went flat with a buy stop above the consolidation and caught the entire late friday ramp LONG. Morphed right into an intraday bull...
So even though I was bearish for days and profited from it, I still knew when to go neutral and let the market tell me where it wanted to go. Most of the traders who have survived have learned the same thing, so I really don't understand your comments about all the bears who have been destroyed on this thread. Huh? Who????
I have been posting about cup and handle breakouts on the index, and have been posting about and following - and trading the huge SPX bullflag that has been forming and following through for months.
Those who follow my public chart list at stockcharts.com know my position, as the charts have been highlighting bullish patterns and setups for months and months. And all my notes remain on the charts, so they can be seen for reference.
As far as going on to other endeavors, yes, maybe a few have. Not always for negative reasons though - but you would not know of the incredible successes some have had, as you don't stay in contact with those traders as I have.
I can think of two who never, ever will have to work or worry about money ever again.
So you might want to rethink your comments about all the former "experts" being gone because they couldn't give up the bearish side. Frankly, I cannot think of one. Even Softechie gave it up months ago : )
And without your snotty comments, maybe their would be more posts...