These ETF's are for full-time traders, not part-time traders/investors/or someone look for quick $$$. Don't be so naive. No easy money here. Even pros are 30-35% wrong on the target.
When S&P reached 1290's, some of you bailed out, because everyone around you is saying 1350 is coming. Really? If you do your own TA, you would know S&P is pushing it. If you do your own TA, you would not be freaked out when another trader's target went sour.
How can somebody expect to earn EASY MONEY when they don't do any work/have right attitude towards TRADING?
there is always a mountain of confusion surrounding his posts.....anyway what did you do when he said sell at 1230...and then it went to 1295........ what happened when he said it would go no higher than 1213 and it spiked to 1231......alot of people lose money on his calls....and if you have followed all of them you have too......otherwise you really havent followed them
Made money on every polish trade so far. He gives targets and it's up to you decide what and when to buy.
Dump FAZ when 1216 hit on SPX at the end of day. Turned a losing trade into a booked gain. Shorted FAS last Friday and I am up nicely on that trade as well.
Keep trading on news. I've tried that and it doesn't work. The news means nothing by the time you hear it. The insiders have already position themselves well ahead of the curve.
Thanks for the links.
I already use stock charts and have found it very useful.
I prefer to take a face to face course on analyzing charts.
I think this is the only was to really understand while having someone who can immediately answer your questions.
Hey this could be a good idea for the Pole.......he should start a school to learn Elliott Wave....
As far as news having an effect on markets, here is my take.
News triggers movement in the charts. The wave and overall chart analysis predicts where the bottom or top will be. Also, sometimes there is no good or bad news but in these cases the charts are useful in markets where things have either become over sold or over bought.
I think being only a news driven or chart driven trader is akin to being a radical freak. Just take a look at the extremes in the world: religious, political, environmental, and even personality extremes (bi-polar). So, this is a Gann theory of my own:-) IMHO, to live a life of one extreme is to shut out learning and missing out on the important lessons of life. Although I will have to admit that one will be a Master of his own extreme but I doubt it if he or she would be happy.
For example, I bet the Pole does not leave his Chicago apartment very much as he is glued to his many monitors.
I believe the Pole said we would get a bounce tomorrow. However, there is so much bad news that I don't see the bounce happening. Maybe the market will fake me out in that most of us are predicting a continuous downslide. In the long run (next few weeks) the trend will continue to be down. I'm thinking of shorting individual stocks or just the SPY to avoid the continuous decay of the ETFs......That way, I can hold my short position for a few days and go hit the tennis ball, take a hike, etc.....