Tuesday, October 14, 2008

More thoughts

My last long recommendation was stopped out on Sep 8th that is 490 pts above, my members stayed all cash till present. Why subscribe? To save you from crash! Investor could have easily lost thousands of dollars last month. For people who is too stupid to understand this, I say keep $56, you know how much you lost last month.

10 comments:

Anonymous said...

why not short?

UCLATRADER said...

with vix at historical high, bullish sentiment at historical low, and a massive bailout plan, just hard to press the shorts.

Anonymous said...

but you did not go to short either.
if you just went to short after your last 'long' was stopped out, you will be our hero.at this point, nothing should be proud of.

UCLATRADER said...

then everything will be too perfect, and i will be warren buffet in 5 yrs!

UCLATRADER said...

only amatuers are dreaminng to catch every move! go catch it, lehman can hire you as head of their trading team! lol.

Trader M.D. said...

For some reason I highly doubt you were in cash this whole time.

On Sept 20th, you posted "Finally its over" "The low is in,crisis is over, TSI is crossing up, we are going higher."

on Sept 29th, you screamed "I want socialism!!!!!" and you proceeded to blame the governments for not bailing the markets out. Funny, they ended up passing the bill and the market still ended up heading lower.

For such a seasoned trader, shouldn't know that you can't put artificial floors under markets?

Tuesday Oct 7th, you suggested the market is asking for a rate cut... we got one shortly after and it gave the market reason to push higher for about 1 whole hour.

I used to have respect for you and thought you were a good trader. Your actions and comments clearly spell out that you've been trying to bottom pick this entire leg down and in the end you still blame the government. So apparently you probably can trade a bull market, but it doesn't look like you can trade a bear market.

Best of luck to you and FWIW it is possible to trade this market and make $$. If someone's losing money, someone else has to be making it.

UCLATRADER said...

if you subscribed my newsletter, you would have known I had suggested staying cash to my members since Sep. i certainly was picking the bottom because this blog is for myself while my newsletter is for investors who have different skills and timeframe. so i can't put them in danger. you sound like you profited from the recent crash, if it is true, good for you, even though i highly doubt it.

UCLATRADER said...

so who is profiting from lehman and so many others going under? some big boys should be making some money according to your thoery that is only true to future market, not towards equity market.

Trader M.D. said...

Nah, in all markets no money is lost or created. So for everyone losing $$ there has to be someone making $$.

Again, best of luck to you.

Anonymous said...

I am subscribing mr. uclatrader's tips. and i swear he didn't recommend us any single stock during this tough time. yes, he was saying TSI is reversing from the bottom, but no tips were given. I think it worths the money for the service, rather doing something emotionally. and m.d., i really don't think it's a good idea to short in a highly oversold market. besides, the gov't is trying to save this market. I wouldn't against the will of the majority.