The reason some traders can make money in this market is because there are dummies on both sides. If you didnt read the market yesterday afternoon and cover short posistions you're an idiot.I made some profit off my morning shorts - covered - went long during the rally then sold off right before the close skeptical of a follow through.I'm not one of these guys that claims to make money on every play, hell I've taken lots of beatings (lots and lots of beatings) But you have to be able to see what is happening when it IS happening or you have no chance of predicting the future. Today will be interesting, may open down, but I think we will see green at some point. Anyones guess from there. I am sidelined for now.
Hey rookie Your handle is quite correct Anybody can come on these boards and talk all day about the great trades they made, it is the people who don't talk about it that are the real traders.