Friday, January 25, 2013

Holding...

Nothing new again today. Eventually the market is going to pullback - at least a little. I'm very excited to be getting back in the game Monday! I will not hesitate to go heavily short right off the bat, especially if I can get a good entry. Take care and have a great weekend! J

23 comments:

  1. Thanks and welcome back on board, J

    ReplyDelete
  2. The market won't dare to go up if you're short, J. Looking forward to having you 100% back.

    ReplyDelete
  3. Hey, J, do you have any rules here about late-posting? As you know, this is at least the 2nd time that you and I have seen Alex post late -- he posted yesterday (Thursday) about having shorted NUGT (on Tuesday) -- and waited until it was down substantially (in his favor) to post about it -- 2 days after-the-fact. This smacks of zero integrity on his part, and detracts from the fine quality of the posts here on this blog.

    There should be a "no post, no boast" rule. If you don't post your entry (in close-to-real time), then you lose the right to brag about it.... take a hint, Alex.

    ReplyDelete
    Replies
    1. My initial reaction was to let it slide with the attitude if ya don't like it, don't read it and/or ignore it.. But after more thought, you make a valid point.

      Posting after the fact serves no purpose in our discussions here. Therefore, all future posts boasting of spectacular trades (without a preceding entry post) will be removed from this website. But to be fair to the OP, I will re-post the baseless boast over on the Yahoo! message boards - where it belongs.

      Delete
    2. J-Trader, You're the boss here, so whatever you say goes. IMHO, it can get really tricky when one starts judging motives. In defense of Alex, he did post his (so far unprofitable) SPXU trade soon after the fact. We do appreciate your good work. How 'bout that NFLX, 79% YTD?! Do you consider the performance of any widely followed individual stocks (such as NFLX and AAPL) when determining the next signal, or is it strictly the result of index data & formulas?

      Delete
    3. Good idea, J... Posting several DAYS after-the-fact is just too much -- especially after the 2nd offense. And I love your solution of re-posting them "where they belong". rofl... that's a good one!

      Delete
    4. Ok JKH I put it that way I have respect for J-TRADER i don,t know himself in person but the way he talks he seems very decent,polite and educated person and i appreciate his work and I think he has the right to judge people on this blog because he gives his signals before he initiate his position but you don,t so would you please leave comment and judgment to J-TRADER he did his point yesterday and as a respect i won,t post my calls here anymore alrighty
      But do not forget i gave a lot of valuable info in the past on this blog

      Delete
  4. First of all i did post a ot of real time entry price call here like even stocks that i traded in the past like NFLX SFLY TQQQ SOXS SPXU FAZ so i think i am being judged unfairly here .
    I don,t post real time post for NUGT TVIX AND VXX because they are extremely volatile by the way JKH i have never seen your real time enrty price on this blog but you judge people heh

    ReplyDelete
  5. Hey JTRADER That the JKH,s post on January 22 2013 at 6.21 Mkts are opening up... made some good coin on the futures last night.

    As for the 80%... it's all about consistency and risk/reward. That's how you survive and bet the "pro's".


    He claims he made good coins on the future one night before and he post this after the fact right and then he judges people here just it,s stupid and doesn,t make sense

    ReplyDelete
  6. I don't know, I had always thought of this forum as a place to learn about J's system. Posting trades that are not consistent with his system makes me think that that poster should have their own blog so we can follow them.

    As some of you have pointed out, I complained a lot. Then I found out that those of you didn't like complaining because you were better traders and didn't completely follow J... Fine, in many ways I consider bragging in the same way. That is my whiny 2 cents.

    As far as posting your personal trades, wouldn't that just confuse folks that are here to follow J if you trades are contra-J? If you post I went long FAZ, and the signal is short, do they know that FAZ is an inverse ETF... don't know, but throwing a lot of personal trades, to me, seems to confuse the point to this site... but then again, it isn't my site and I don't set the focus.

    I am expecting someone, and to be honest I don't remember which one of you will do it, to post something like "well if they don't know basics like FAZ is an inverse ETF then they shouldn't be trading." It has been said here already. I would bet that folks that come here, are not as informed as "some" of you here and that is fine. They come here to learn just like many of us did. Some also come here to increase their returns since J has a good, proven system.

    J, you have a great thing going here. As much as I wish these last 2 January's had gone better, there are other "systems" that are in the same boat. This manipulated market is throwing everyone off. The Buy & Hold crowd is crowing about their growing funds. We are back to levels not seen in years, and to be honest, I don't see the economic reasons to support it. As long as free money is available (QE-Inf), then it is entirely possible that we are now creating an economic bubble that when it pops we may not recover... As a swing/trend trader, I am worried. How long will it be before the Buy & Hold crowd are back to grinding and gnashing of teeth???

    Time to get back to my stupid masters classes, but I felt the need to post my thoughts.

    RMI out

    ReplyDelete
  7. I would like to add my two bits to this discussion.

    First, Alex is right: he's not the only one posting his trades after they've happened. Needless to say, this practice is about as useful as making market predictions for yesterday's market.

    But there's a larger issue, and I think that RMI got it right. I wonder what the use posting specific personal trades, whether in realtime or not. Let's say that I post that I'm going to buy TNA at tomorrow's open. Unless I post all my trades in realtime and then some kind of analysis of my performance (as J does), what, exactly am I doing? Am I really helping people, or am I doing the opposite (stoking my own ego)? I suspect that latter. It feels to me, and has felt that way for a long time, that posting specific trades without doing so consistently accompanied by performance data (CAGR, max DD, etc.) is, at best useless and at worst likely to entice unseasoned traders to follow some of my trades, ignore others, and, in general, lose a lot of money. In other words, posting specific trades in an unsystematic manner is actually, in my view, an ungenerous and potentially harmful practice.

    Now, instead of saying that I'm buying TNA I outline the thoughts behind my trade in general, in other words, my market analysis, then I'm doing something that is more likely to be helpful. But, there are a thousand blogs where that sort of thing happens and, on any given day, someone will be telling you to go long, someone to go to cash, and someone to go short. The result is confusion, and then impetuous trades, all leading to a loss of money.

    RMI is right. This blog should not be about the followers' egos, but about J's systems. There are lots of things to say, ask, comment on, add, subtract, etc. here to keep us busy for a long time. I, for one, think that J is an incredibly talented guy who is also humble and unbelievably generous. I love this blog because of him, and I want it to stay focused on him.

    Having said that, J should do what he sees fit. We all have the choice to read or not read comments. I think that I may take my own advice and just read J's blog posts and his comments, but, that is my affair. But, be that as it may, I suggest that the followers of this blog should never forget how lucky we all are to have it to guide us in our investments.

    ReplyDelete
  8. j did you enter your shorts today

    ReplyDelete
    Replies
    1. Yes, just purchased TZA. Will detail in EOD post. Keeping half my cash...in cash... :)

      Delete
  9. I don't know about J, but I bought AAPL at today's lows. WOW!

    Just kidding.

    ReplyDelete