Comments on: Stock Market Videos: Markets Collapse On Europe, Trades, Levels, Profits

By: zeuthuk

zeuthuk — Mon, 29 Aug 2011 07:15:50 +0000

@bigolbiff I think your missing the bigger picture, were not talking about a nice shiney swing play here, the West has thrown a ton of money at the recession and we are in bad shape, read the economic reports, the numbers are crunched and crumpled, this is just the beginning. Also, were do you go long when the market has no support, GL with your swing play, anyone trying to call the bottom is getting crushed right now.

By: bigolbiff

bigolbiff — Mon, 29 Aug 2011 06:42:35 +0000

@zeuthuk I definitely agree with the big picture regarding the US. This country is on a down hill spiral – and like you said every economic report is doctored, they are all bs. However, the fact is that nothing goes down in a straight line and that is where the traders make money. Trying to call a bottom is def a game most fail at, but you don’t need to be exact. Close enough to play the move will make money… but not too far lol. Or buying when the bounce has confirmed is key. tradersmake$

By: zeuthuk

zeuthuk — Mon, 29 Aug 2011 06:21:40 +0000

@bigolbiff Buying the pullback with confirmation is a much safer strategy than buying after the market has bounced, after all how do you know the bounce doesnt just create a bear flag for a few days then wam bam thankyou, as the house comes down again, seem that a few times. Why buy against the trend when you can buy with the trend, thats much safer IMO but hey if you put your money where your mouth is an regularly make money from buying bounces then hats off to you Sir your a better man than me

By: hathigmonorow

hathigmonorow — Mon, 29 Aug 2011 06:12:20 +0000

Fuck the markets. I own physical gold and physical silver.