Rimm

Buying options 33% OTM two days before expiration for a steenth. Strike out a lot and get to brag once in a blue moon about a winner. Sheer genius.

 

That's how you put the ELITE in elitetrader.

 

You are correct ..... If it wasn't for my live trades and posts this site would be MediocreTrader.



Mediocre
"Of only ordinary or moderate quality; neither good nor bad; barely adequate"

 

Maybe we need and IDIOT trader web site

 

it's 6 bucks, let the kid have his fun you party pooper.

 

Pretty pathetic when you have a guy post a long…, lose…, then get busted on…..
And not one of you offers an iota of help on how he could do better next time

I had some losing trades today – care to bust on me???

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Disclaimer

I do not trade options
I’ve been trading RIMM for the past few months

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Now let’s see if I can back my mouth with some substance


FF

1.) Always know the bigger picture
2.) Never buck the bigger trend unless price breaks out, then confirms it…
3.) Sept 1, and Sep 8 price tried to break out of the bigger trend but failed both times (see either attachment)
4.) Sept 8 price made a lower high (see either attachment)
5.) Sep 12 – 15 price has been in a range, below the lower high (either attachment)
6.) The uptrend, on Attachment 2, kept falling – to the downside (btw the dashed cyan colored lines are fib extensions off the main uptrend channel)
7.) Two days ago, two 5 minute bars formed containing ~660K each of selling/ shorting (either selling in panic, or shorting in anticipation – I believe it was the latter base on seeing them form)
8.) Daily Trend was down (see Attachment 1)
9.) Weekly Trend was down (see attachment 1)

Unless price broke to the upside of the Sep 12-15 range w/ conviction – there is only one logical way for it to move

Volume confirms everything I just stated above

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Below are two attachments;

One of the overall battlefield

One in more detail

Paints a pretty clear picture

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Food for thought….

Strength is reflected in down bars, weakness in up – no matter the time frame


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Final comment…..

FF

Next time my I suggest you familiarize yourself with the environment you're trading – and lose the ”elite” ego…


Gentlemen

How about lending a hand next time, and saving the rhetoric – seriously

RN

 

second attachment

 

He doesn't need help. He puts the ELITE in Elitetrader.

 

Redneck ..... Where were you before earnings? You post 4 hours AFTER earnings with your opinion. Anyone can look in the mirror and come up with all sorts of "could have, should have" scenarios after earnings.

Try posting in a more timely fashion next time.



---------------------------------
I put the ELITE in EliteTrader
The market gives us Lemons, I make Lemonade

 

I think he was actually on your side bashing on the rest and not you.

FoN