I’ve been long since mid April so it’s not about accountability. It’s simply the facts and a warning about how far off the short thesis and analysis has been and will likely continue to be.

I always find it interesting (and a bit ironic) how quickly people pivot to lecturing about “accountability” whenever a factual critique is raised. So many of these sites offering trade analysis and ideas operate the same way. They highlight the winners to claim credit, but conveniently ignore or fail to update the losers. It’s all reward and no responsibility, and that’s a dangerous pattern.

Guys the best way to make money is to go opposite of what I do!! lol! Day trading options I tell ya, It’ll drive a man crazy. Lol!!!

I think accountability is necessary. Randy provides his opinion, but it’s not always right. Why would anyone short SOXX when it was that close to the 200MA? Today is a much better opportunity sitting on the moving average.

As Randy often says, the 200MA acts like a magnet and sucks the price to it.

let me know before you close out. :-P

Well, I do know when I close my shorts, the market will reverse and plummet. And I will have stayed in just long enough to lose the maximum amount. LOL

Right now looking at charts but more so looking for what I think would bring the market back down and I cant see any “event” that would do that. Other than a full blown bird flu human to human pandemic….I laugh half jokingly. But will be patient to re enter puts as this market is so inflated again that it should be swift moves back down once that happens. For now, trading in and out and taking small profits to rebuild accounts. Today I purchased calls on META and TSLA and sold and took profits. Tomorrow I may be short, so overall I like trading when the market corrects, I trade smaller and tighter in bull runs.

You’re clearly still trying to convince yourself so save the lecture. Lol

Yeah, a definite attack on myself. I think as a day trader and more so in life, the people who advance faster is those who take responsibility for their actions. I placed those trades therefore I pay the price.

nice diatribe..

What is your plan now if you don’t mind sharing. I’ve lost so much money since the same time as you and don’t want to long now.

Again, I fricken lost a lot of money but will reassess my strategies, learn from these past few weeks, and try again. As with others, my long term Roth IRA’s, etc. are all long with stocks. My shorter term accounts I trade options. I know for damn sure going into trading options that I can make big money and lose big money. Thats something Ive come to terms with when I made the decision to trade options. So basically when getting upset at sites like these, dont even waste your stress or time trying to blame others. Blame yourself like I did and get back on the horse. Life is too short to fricken stress about money lost. Step back, look at what you do have (my wife and toddler bring me THE most joy!), today is a new day, get back on it guys.

Alan, the charts clearly show we’re headed lower … just because we have to make all time highs to get there doesn’t mean the charts are wrong! LOL

I understand that agriculture is different from oil in that you can’t just leave it in the ground until it’s profitable to take it out, but there should be some type of floor.

I’m trading WEAT and we are at all time lows. I’m also using futures charts for direction.

Thank you