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Posted by Bill Reid on May 21, 2008, 8:23 pm
How many times have I told you to take your after-the-fact
off-topic trades to where they belong according to the VOTE
of Usenet investors? Have you no respect for the rights of others?
Oh, yeah, that's right...you're the kind of person that only stops
their despicable behavior when sued to bankruptcy and/or imprisoned,
and probably not even then...
> Hello, BuffettHater@gmail.com!
> You wrote on Wed, 21 May 2008 08:06:47 -0700 (PDT):
>
> Lubow.
>
> >Mike, you still long crude and complex? What (if any, but sure
> >a bright guy like you has one) is your exit or other strategy(s) ?
>
> I just set a $cash target for the day. You need to understand that
commodity
> trading is five parts gambling,
BWHAHAHAHAHAHAHAHA!!! Make that 100% gambling, and you'd
be right!
A dumb guy like you STILL does not "get it"...but maybe you're just
not as experienced as I am listening to senile old fools and their gambling
"systems" in Vegas.
The classic one is: if you just quit when you're ahead, you can never
lose, right? And here you are with your jammies hiked up to your Mr.
Magoo flabby nipples, sitting around at home telling us you "just set
a "$cash target for the day"...
> three parts investing and two parts fear &
> greed.
Make that two parts stupidity and eight parts dumbness...
> My exit strategy is simple, and in commodities, simple is what works (at
> least for me). If I made my money for the day then I'm out because I know
if I
> have a tidy cash balance I'm going to risk it carelessly.
"If you just quit while you're ahead, you can never lose, right?"
"Sir, your Depends(TM) are leaking."
> At the end of the
> day, half the profits go into bond funds.
Where exactly is this money you are trading located, legally speaking?
Just idle curiousity, of course...where do LEGALLY keep all your idiotic
watches you like to brag about? Where are the "Bensons" parked?
> Most of my energy and bond trades last no more than a minute or two if I'm
> profitable but some losers have lasted for three hours.
OH MY GOD, it's just a total "JBoatFake" flashback...he used to sit on
top of losers for MONTHS with his retarded "hedges"...what a "system"...
> I set my stops at a
> $3000 loss per position but that's not etched in stone.
In futures, no loss CAN be etched in stone, you crazy idiotic old fool...
> Here in the
> stratosphere of 131.78 CLN I'm quick to get out if my indicators are
pointing
> lower and the price moves below the 50 minute moving avg. As you know, I
never
> short crude but I do short nat gas.
Well, this probably won't save you when the crash comes, but probably
has worked "well" as an idiotic gambling addiction like a blue-haired lady
and her slots for the short term...ever wonder how much money you
COULD have made had you just had the intelligence and "guts" to
go long oil a few months ago...probably easily 10-20 times the piddly
crap you've "won" in the same time frame, but then you wouldn't have
had the "fun" of putting the coins in the machine with your gnarled
veiny shaky hands...
> Now that covers most of everything I trade, viz. energy (CL and NG) and
bonds
> (ZB). July Corn (ZCN) is different because everything is pointing to a
price
> overshoot but not by much. The demand is great but plantings according to
the
> Agriculture Dept have progressed nicely. On the first day I short one ZCN
for
> every two cent move above 590 and I'm out market-on-close (MOC) if I'm
plus.
> Otherwise I hold it for the next day and continue shorting for each two
cents,
> but this time above 600 and repeating until I close out the day
profitably.
God, what a total idiot...if any of this is true, as I've said before he IS
the dumbest guy that ever posted here, because he KNOWS the true
nature of "futures" trading...
> Yesterday was a great day because over the course of a few days I had sold
short
> 14 corn contracts averaging at 596 and closed out the day at 589. Each
contract
> is 5000 bushels.
>
> For today, I began shorting one ZCN at 599 then at 600, 602 and 604. If
I'm not
> profitable at the close, I'll hold out until I'm stopped at a $3000 loss
or MOC
> if I'm ahead.
What a moron, a total friggin' moron...
> >Futures guy is telling me to hold solid, is suggesting i sell a way
> >out call if i want to hedge . . . am way ahead but know it can
> >spin on a dime. He claims $175 short term on storm potential?
Oh wait, "BuffyTheProfitHater" is vying for the title of dumbest guy
in the group...after hearing that "Lowbrow"'s CTA mentor "hid" $40million
in losses from his "clients", he just HAD to get some of THAT action...
> The commissions these guys make on options are enormous. Day trading is a
lot
> more profitable.
By "profitable" he means he gets to rip himself off instead of letting
somebody else do it for him...kind of like a "moral victory"...
> >Hope you are feeling much better and have made another billion
> >or two. thanx for your ongoing help and opines.
My "banana slug" theory in action...
> Thank you. I'm doing great and I only had pain in my eye for two days
after the
> surgery. Dr. Dave Abramson at Memorial Sloan Kettering is the best
ophthalmic
> oncologist in New York, at least according to New York Magazine, and I'm
just
> grateful he had the time to see me and operate on me, as he is one of the
few
> people who specialize in this.
Might as well give up, all the best oncologists in the country will now
be working overtime to keep Ted Kennedy alive another five months...I
wonder if he'll meet Mary Jo Kopechne in "heaven"...probably not...
---
William Ernest Reid
Post count: 1109 (not incremented for forgotten X-post)
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