Unique swing trading signals and stock market commentary.
Wish I had :(
Lost 6% today, hope there is a really good bounce...
J-Trader: I think it is misleading for you to publish your signal and decide not to follow it without disclosing that fact to your readers. For example, yesterday you stated your system is 100% long...but you did not disclose that you were not following it. (You only stated so in response to a message way after the fact.)
"Jay L"-I'm sure this is what you "think". And such thoughts, like wine, are best left to age for a while. Have you followed this site for any significant length of time? Like, maybe long enuf for a skywriting plane to form the word 'DUE' of due diligence...?Anyone who has followed this site for any tiny length of time has a clear sense of how JT uses signals, how he advises others use signals. It is not possible to be mislead about that unless one is prone, as seems to be the case here.Had you explored any of click-thru explanations he gives, you would see that in fact JT is often apologizing to readers, concerned that he discloses too much detail of model construction and usage, and thereby bores people-- because he has such passionate interest in his ongoing models.Are you perhaps like one of those people who listens to a talk show a couple of times, and feels compelled to call in and lambast the host on some general basis? As opposed to waiting a while before leaping mightily to a conclusion?Nuff said.
Jay L,I disagree. J isn't a financial advisor. He's running a blog that posts stock market signals. Whether he himself takes these signals or not is interesting (I too, would like to know), but not the point of the blog. Alex
Algyros,We certainly can agree to disagree on this point. But disclosesing what he is doing is not being a financial advisor...it's just being upfront, honest, and open. Signalling one thing and doing something totally opposite without proper disclosure does not serve his readers well.
I think it will be prudent if J can publish what he is doing, I cannot hold it against him though. Also that's exactly what he has been doing in the past. Just a word of caution from the father of the system will go a long way in helping the new followers of the system. However, I still feel that this trade will be a profitable one even though xiv was down 3.6% today, it just might take more time. As a long time follower I know, J won't be right all the time and neither would be the system, but following this system has been profitable for me and when I have not followed it has been a lot of pain. As far as being a financial advisor is concerned I agree with Alex, that you have to do your own homework before taking the system signal as a trade.
Sorry all, I'm on a mini vacation this week and haven't had much time around 4pm ET to post much info regarding signals and my personal trades. So it's been bare bones besides my occasional remarks in the comments section. My wife will slaughter me if I spend anymore time on my phone/laptop than I already do this week. Thanks guys for defending me here. And I will try to do better posting my personal trades and thoughts. For the record... I was fully invested (a scary % of my capital) in TZA going into yesterday. Sold half on the close yesterday, sold the rest of my TZA today at 15 and purchased a huge position in XIV at 16.04 today near the close. I have some reserves and will possibly buy more XIV tomorrow if we get a gap down. Thanks!
Just noticed I've neglected the left pane of the site. I will update tonight. Forgive my slacked-ness...Gotta run!
I opened large long position for TNA this morning from low
How did you know what the low was? Alex, I'm speaking only for myself. But it is really not very helpful for you to describe your own trades. I know that you're trying to participate in this forum in a supportive way, but to do that fully, you need to explain your trades, not simply report them. Imagine that you're speaking to a class full of students. To teach them, you don't simply read out all the right answers to a test, you explain how these answers should have been arrived at. The same here.
Hi Algyros Just system makes math calculation to determine low point best regards
Think about it, Alex. Of what benefit is it to the readers of this blog for you to report on your trades retroactively? Now, if you did it in real time, that would be a different story. But to say that you bought at the low of the day after market close appears to be simply boasting. Are you willing to post your trades in realtime? And will you do it consistently? If so, you are a very generous and helpful person. If not, again, of what use is your reporting after the fact that you did this or did that.
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As I said yesterday: "I'll keep playing the short side, waiting for deeper oversold mkts before playing longs." ... We got that now. J, you and I have done really well here. This is why I always say, "you gotta have a human at the switch". I'm glad to see you, too, are in this school of thought. Systems are helpful, but there's nothing like the human effect.IMO, the time for shorts is over (risk-wise) and the odds of a pop here is very strong, esp for a gap up open tomorrow, too, which I am set for. But after day or so of upside, there's enough broken patterns out there and so much money flowed into the mkts the past 2 weeks, that there's more room to give the moronic masses a bit more pain to their "I gotta be in after Bernanke Q-Eternity" purchases. Heck, even a few here fell victim to the Barney Squeeze. Caveat Emptor. And, of course, always leave room to add.
J - One more thing.... this "prove you're not a robot" security thing that we go through whenever we post is a bit of a hassle (for me)... Some days, it makes me feel so retarded, as it takes me several tries to prove I'm not a robot. Am I alone in this?Is there any way we can either make that easier or perhaps can you set it up so that once I prove I'm not a robot, I'm set for life, not having to do it (repeatedly) ever time I post on this Blog?Much appreciated.
I agree, thanks for bringing this up!
I'm convinced that I am a robot. There must be some way for us robots to circumvent the humiliation of being reminded of our sub-human status every time we want to add a comment.
Good one Algyros!!
I'm with JKH. I absolutely detest this "prove you're not a robot" Recapture thing and I curse whoever invented it to spend eternity "solving" those blurry word puzzles that look like a really bad hangover. Sometimes I have to swap in a new image half a dozen times before finding one that I can even vaguely guess at.There are better systems around, like the ones that ask "how much is two plus three" and you type in "5". I've got the same problem on my blog and if I knew who to complain to at Blogspot, I'd do it. Foo.And I think we're going higher on Thursday.
I personally am glad to have discovered that I'm a robot. I kinda suspected all along.
Nicely put, Michelle... I, too, find myself cycling through ones that I think i have a chance at solving.. and, still, I some times can't get it right. Please, J, find some way for us repeat posters to get "certified" so that we don't have to be abused and insulted by this over-zealous security system every time we post. I think everyone here will thank you for that.The funny thing is that clearly the system recognizes who I am because it some times routes me back to my Google account. So, the silly assumption this "security" system is doing, is assuming that somehow, magically, I actually TURNED INTO a robot! Sheeze....Here's an idea, for starters... turn it off. If "the machines" come to haunt us, you can turn it back on until you find something better. Deal?And now, I take the plunge, once again, clicking "recycle" until I can find one I think I have a chance at solving. Grrrrr....
Well I'm going to do my part. I just turned off the "show question" feature on my blog. Unless I start getting bombarded with spam, I'm going to leave it off.
Iam riding soxl long today since opening and keep riding tna postion long good luck to all
This is the best 3 day period I've had all year! Cheers!
iF We can break 66.53 ± 1.6, Single, strength we might go up to 70.86 easly
Great calls, J. Your system is working well. And, again, thank you for your generosity in sharing it.
TNA SOXL XIV KEEP RIDING GUYS :)