Aothernother Fine Mess Waye Has Gotten Himself Into

[trader220]

Originally Posted by tabs

Well against my own better judgement...I was wrong in giving you a one year prediction as to where the market was headed..

NO I make lots of mistakes...but what I have is clarity...I am CHRTYSTAL.. I can cut the line razor fine Baby..I can give you defintion I can tell you why things work the way that they do...I GIVE YOU REASON...EXPLAINATION.

Most peoples thinking is muddled, muddy and myopic...

I have lived with the Financail markets for so long I have gotten to know its habits, if not all the rationales. I can generally tell what the markets wants to do..since March of 09 it wants to go up..

I do view the Market as being organic and thus not a rational enity..for if it were all a numbers and stat model game why everyone would be a millionaire.

I view the market as being organized chaos..and there is only the illusion rationality.

Your opinion of yourself has been noted.

If you had a cursory understanding of statistics you would realize how absurd this statement of yours is…

“for if it were all a numbers and stat model game why everyone would be a millionaire.”

Then again that’s just the tip of the iceberg.

Let’s just leave it like this for now…

Tabs is the greatest, he knows more than anyone else, he feels the market moving before all others and any opinion he has about himself or any global capital market is instantly a fact.

No one else who frequents this board, no matter what their acedemic, occupational or practical experience in the markets is worthy of engaging the great and powerful Tabs.

Does that make you feel better?


One quick question, forgetting my decades of experience I just find these two statements in your last post odd, perhaps you could comment for us?
On the one hand you say this…

“I have lived with the Financail markets for so long I have gotten to know its habits, if not all the rationales. I can generally tell what the markets wants to do..since March of 09 it wants to go up..”


Then you go on to say this…


“I view the market as being organized chaos..and there is only the illusion rationality”

Do you see what I am getting at? In the first statement you are implying you know the “rationalities” of the market (I’ll assume English is your second language). Then, in the second statement you imply the market has no rationality”


Care to comment? (LOL)

[tabs]

Mother has been telling me I am one stuborn aZZhole who doesn't know enough to know when he has been gotten...But since when have i ever listened to Mother.

Don't you realize what feeds my EGO is listening to people like you...and to be more than fair to you other people on this Board as well. Most of whom are very bright and accomplished..and that is what astounds me, because if I can see your BS and the limitations in your thinking....I can define it...but then again I always was lucky in figurin out folks...

Maybe this will make it chrystal..The market is like a woman who you have lived with for a long time you recognize the moods and habits if not all the reasons (details) for why the moods takes place.

[tabs]

Originally Posted by trader220

I guess I'll just keep reposting this

I could keep on reposting...Your a cliche as well...but where does that get us...and btw if I wanted to make a dig at you I would include that it would be childish to contiune to do so.....why because the inference would be is that your being chidish by continuing to repost..

[trader220]

I guess the solution to your comments was to edit your original post rather than comment on its contradiction. Precisely the reason I cut and pasted your post rather then multi quote as to preserve the original post.

Shall we assume you can not comment on the contradiction?

[patssle]

If you yourself haven't made millions off the market, then your market advice is worthless.

[trader220]

Originally Posted by tabs

I could keep on reposting...Your a cliche as well...but where does that get us...and btw if I wanted to make a dig at you I would include that it would be childish to contiune to do so.....why because the inference would be is that your being chidish by continuing to repost..

You just did!!!

You're right it is pointless since you believe that your opinion is fact beyond question, and all others despite their experience are immaterial.

In addition when your own circular logic was pointed out, rather than admitting you were wrong you chose to try and amend your prior post.


What would be the point in anyone attempting to have rational dialog with you given the two FACTS presented above?


I understand the vast anonymity of the internet can challenge the character of some people. I try to keep it real.

[tabs]

I wouldn't be trying so hardto convince you that I knew something if I discounted your experience as beiing material.

[tabs]

Originally Posted by trader220

You just did!!!

.

It can be viewed that way, but it is a mistake in judgment to have done so. Why because you have to realize if I wanted to make the dig I would just have stuck it in...without the disclaimer...it would have been far more affective, as it would have been chrystal instead of muddying up meaning with a disclaimer...

[trader220]

Every time you post you reinforce the one sidedness of your views, you tell people how they should think and how they should interpret your comments. Disclaimers have no value in the face of what you post.
When you want to open up your books one day let me know. Looking at your comments on this thread and others we all have a very clear idea about what you think of the global capital markets, but if you want to discuss specific topics and leave the opinions out I would be happy to help you. On the other hand if you want to pontificate about how the market is a woman it becomes only an exercise in self back patting for you. Perhaps someday you’d like to sit on the derivatives desk or equities desk, or I would be happy to take you down to any number of exchange floors and you can see your fantasy “woman” in person.

[tabs]

Excuse me for trying to explain my meaning with the use of analogies. As of late I am coming to the conclusion that I should have been more interested in and thus analyze the workings of the internal mechanisms of the market. However I came to it, whetehr it was by reading tea leaves or looking at and reading the lay of the turds at the bottom of the bowl after the morning dump and watching the swirl during the flush. I did know that SP500 1040 was a level of support where the market was bounceing off of...that the risk of moving lower was lessor and moving back up to the 1125 range was probable..That was my feeling and I stated as much at the time..

[RWebb]

Originally Posted by RWebb

I am starting a betting pool on how long Blabs will blather on it this thread - this particular thread, not in a similar vein on other threads.

If you want in, send a $5 bill via paper mail to me at Faulty Towers, 666th Floor, Nimrod, Oregon

paper mail only please -- don't worry -- there is plenty of time for it to get here.

ok, folks - every body who said just 1 more page or 1 more day are WRONG - your $$ will be added to the remaining pool

[trader220]

Originally Posted by tabs

Excuse me for trying to explain my meaning with the use of analogies. As of late I am coming to the conclusion that I should have been more interested in and thus analyze the workings of the internal mechanisms of the market. However I came to it, whetehr it was by reading tea leaves or looking at and reading the lay of the turds at the bottom of the bowl after the morning dump and watching the swirl during the flush. I did know that SP500 1040 was a level of support where the market was bounceing off of...that the risk of moving lower was lessor and moving back up to the 1125 range was probable..That was my feeling and I stated as much at the time..

How many SnP futures can you show us you bot at 1040?

Oh and there is no need to apologize for telling me how I should interpret your comments. That’s the point in a nutshell

[Vintage Racer]

Originally Posted by trader220

There is no one exact answer to anything and the number of issues in a diversified portfolio is different for all sorts of people. One thing remains constant any return over the risk free rate has sweat in it, anyone who says otherwise or has a “system” that says otherwise wont be around all that long.

Trader,
You obviously has many more sleepless nights than me.

I was in the simple stuff of just protecting a client's money. I agree that that there is no simple solution to anyone's wealth. There are three or four good things that can happen (with another one hundred bad things every day).

I knew David and Jim Cramer from their days at Goldman. They were just traders like us. I got to know one better after he bought drinks at the bar (this was before the industry meet at the current Motel 6).

Originally Posted by tabs

So if your rationale is to preserve capital what did you move your assets into..US Treasuries? as in the ON THE BEACH STRATEDGY. Move them into GOLD?

Tabs,
You need to back-off that keyboard. You may learn something. Please stop using your caps lock key. It is the first sign that you are not a player in an educated discussion.

ON THE BEACH STRATEDGY

You say that your are from the CA educational system? I graduated from the GA system, and I know not to cap this. I also know that STRATEDGY is properly spelled as strategy.

THERE IS NO SAFETY ANYWHERE...EVERYTHING IS AT RISK, EVERYTHING IS ON A KNIFES EDGE, IT WILL ALL BE WORTHLESS.

Yes. Where are you placing your beats? I can go short against you or otherwise take the other side.

You continue to amaze me with your worthless posts. You have insulted Wayne (who made this site for this site possible for us) while murdering the English
language.

You are the first guy on my ignore list (yes, you guys warned me).

[tabs]

Originally Posted by trader220

How many SnP futures can you show us you bot at 1040?

Oh and there is no need to apologize for telling me how I should interpret your comments. That’s the point in a nutshell

OK educate me...I defer to your expertise...

One question...and Mother has already told me that a broken clock is right twice a day...to which I replied it was no guess that the market would bounce off of 1040...it was already a set pattern. That even to reiterate an idiot like myself noticed. So how did I perchance get it right...and my point in all of this is why didn't Wayne notice something so simple as a fool like myself noticed.

Now bear with me, and don't jump down my throat because of symantics. I view the market as an organic living breathing thing..it is populated with people making financial decisions whose collective decision making creat this living breathing enity that moves in one direction or another. And when you are a mouse sleeping next to an elephant one becomes observant and then atuned to what the elephants movements mean if not the reason why.

How else can I explain this intutive process.

BTW. A long time ago I put my effort into understanding people and the reasons why they do th ethings they do...as U said anything above the risk free requires sweat...throw in a little blood and tears into the mix... I have earned my clarity. I have started with nothing..but faith and determination. It was long ago said to me by an expert in the field that I am unique in the amount of determination that I have and that I recouncil problems.

Also I have been accused of pontificating. It was as the shadow of death came over the face of someone I loved very dearly that I said I would never doubt my perceptions again. Imagination, intution and instinct are very powerfull tools whose veracity can not be underestimated. It sometimes comes down to a matter of trust and faith that ones observations have merit. As a practioneer in the use of Imagination I have only scratched the surface.

[Rich76_911s]

Tabs HOW MANY S&P futures did you buy at 1040? Or did you bet a $1000 on the Saints winning the Super Bowl? My guess is that your honest answer to both of those is 0, and NO.

Wayne takes action on what he says. He shorted banks durning the crisis. He bought a 962and a 959. He took his money out of the market when he thought it was best for him to do. He even publicly admitted to buying a house when he thought it wasn't the best thing to do, from a financial perspective. He shows commitment to his "predictions."

Prediciting things is the easy part, the hard part is taking action on your "predicitions." Being able to say, "I told you so" on an internet forum isn't all that impressive.

[trader220]

It’s very simple… It’s easy to sit on the side line or dip your big toe in the water. When you are on the playing field you get measured differently. When you are in the game you get measured by … Shouting “how many are offered at 1040? takem, how do they come back”. Spouting on an automotive web board that you believe you have some sort of relationship with a living and breathing market and you can somehow time the markets has no more value than the pixels on the screen.

It’s wonderful to see you overflowing with excitement and enthusiasm, confidence will carry you to a certain pint but it’s no substitution for knowledge and experience.

Your internet ego clearly knows no boundaries but as I said early some people don’t have the character to handle the vast anonymity of the internet.

[trader220]

Vintage,
As a young man and a young trader I started in the 24 hour market of currencies, I made markets in currency options and since the underlying traded 24 hours a day I had a lot of sleepless nights. Nothing sucked more than getting a wakeup call from one of the desks we traded the cash with and having them confirm you got stopped out. Try going back to sleep after that one. It took me several years to learn that I could not take it personally. Fortunately I never worked on the retail or customer side. All the capital I have traded with over the years has been institutional money.

[tabs]

Originally Posted by trader220

It’s very simple… It’s easy to sit on the side line or dip your big toe in the water. When you are on the playing field you get measured differently. When you are in the game you get measured by … Shouting “how many are offered at 1040? takem, how do they come back”. Spouting on an automotive web board that you believe you have some sort of relationship with a living and breathing market and you can somehow time the markets has no more value than the pixels on the screen.

It’s wonderful to see you overflowing with excitement and enthusiasm, confidence will carry you to a certain pint but it’s no substitution for knowledge and experience.

Your internet ego clearly knows no boundaries but as I said early some people don’t have the character to handle the vast anonymity of the internet.

You do know there are psychological studies that show when a person watches something long enough they can start to recognize patterns. There was one study in paticular that showed that a basketball player on the sidleines could tell when another basketball was going to make his free throw shot or not.

Let us change the direction of this...If you sat back and thought about it for a moment and asked yourself which direction is this market going today, what does it feel like what is my gut feeling...You would just know..no magic no BS...it is because you do have that experience, you have seen it so many times.

Now if you really want to know what this is all about..what is happening is that all the information that you have seen, experienced over the years is stored in your BRAIN. It is called memory, nothing is forgotten it is all there. Now since most of it is not really germain it is stored in the SUBCONSCIENCE...yet when you see something happening on the subconsciene level that little micro computer you have called your brain is swirling around pulling up memory files and all of a sudden if you pay attention a little slip of paper comes up from the subconscience goes ding and the light goes on in your head and you go ahhhh yaaaa this is what is going on this is what is happening...was this simple enough for you to understand? HMMMMMMM

So you think I am full of shyte...well son you better start looking at your science..

[tabs]

Originally Posted by Rich76_911s

Tabs HOW MANY S&P futures did you buy at 1040? Or did you bet a $1000 on the Saints winning the Super Bowl? My guess is that your honest answer to both of those is 0, and NO.

Wayne takes action on what he says. He shorted banks durning the crisis. He bought a 962and a 959. He took his money out of the market when he thought it was best for him to do. He even publicly admitted to buying a house when he thought it wasn't the best thing to do, from a financial perspective. He shows commitment to his "predictions."

Prediciting things is the easy part, the hard part is taking action on your "predicitions." Being able to say, "I told you so" on an internet forum isn't all that impressive.

It is not how many futures I bought...but it how much money I have in the Stock Market...let me put it to you this way I live or die by the Stock Market...

Fortunatley I have hedged my bet over the years...with hard assets.

What it comes down to Tradder you are the employee, cause it is my money you are dealing with.

[trader220]

Originally Posted by tabs

You do know there are psychological studies that show when a person watches something long enough they can start to recognize patterns. There was one study in paticular that showed that a basketball player on the sidleines could tell when another basketball was going to make his free throw shot or not.

Let us change the direction of this...If you sat back and thought about it for a moment and asked yourself which direction is this market going today, what does it feel like what is my gut feeling...You would just know..no magic no BS...it is because you do have that experience, you have seen it so many times.

Now if you really want to know what this is all about..what is happening is that all the information that you have seen, experienced over the years is stored in your BRAIN. It is called memory, nothing is forgotten it is all there. Now since most of it is not really germain it is stored in the SUBCONSCIENCE...yet when you see something happening on the subconsciene level that little micro computer you have called your brain is swirling around pulling up memory files and all of a sudden if you pay attention a little slip of paper comes up from the subconscience goes ding and the light goes on in your head and you go ahhhh yaaaa this is what is going on this is what is happening...was this simple enough for you to understand? HMMMMMMM

So you think I am full of shyte...well son you better start looking at your science..

How am I the “employee” I don’t manage any of your money. In fact I know each and every person who has capital in our fund personally.
For the 10 years prior to that we had 17 market makers on 4 different exchanges using all of our own capital, again nothing involving you.
For the 10 years prior to that I worked either directly for a huge foreign investment bank or one of their subsidiaries, and again that had nothing to do with you.

I have no idea how much money you have in the stock market right now and quite frankly you have no way of proving it. On top of that what some people think is a “lot of money” others have in the cracks of their couch, making it once again a moot point that what you think you have in the market means anything at all.


To quote you…”Let me put it to you this way” It must suck to have to live and die with just the stock market for many reasons. First off the US stock market is just one part of the global capital markets there are many other markets which are worth being involved with. Second, if you live and die with the market what are you doing with the rest of your life? Personally I would rather live and die for something worth more than money, like my kid and my wife and my family.


As has been a common theme throughout this thread.. You have an opinion, in this case that somehow you and only you can see patterns or tells in the markets that no one else in history has ever been able to see, and you are 100% sure that whatever opinion you have about anything is an absolute fact. Anyone who does not accept your opinion as fact is somehow flawed in their views. The street is littered with guys who traded on “gut feeling”.


So why do you waste so much time on this board why aren’t you standing in the SnP futures pit? You want to see the market live in breath in person? You want to find your fantasy market woman? That’s where she exists.



Are you aware that there are hundreds of millions of shares which trade on US exchanges every day that you don’t ever get to see or know that traded? Not to mention the myriad of derivative products which you have no basis on how to price and what effect they have on the US equity markets.
Its rather amusing to watch you back track, edit your posts and try desperately to turn the conversation away from the facts. Oh right, you believe your opinions are facts.