I've never made any money investing in T&A

Now that's funny! But True!

Not trying to argue with you. But can you do that consistently? Just sayin'... :eek: ;)

It starts out looking like a good deal, but carrying costs are high, and the cost of selling is astronomical.

Exactly. The DOW dropped a little over 2% on October 3. I don't think that would be most people's definition of a "cliff."

Scambo, I'm not trying to pick on you... but when you're wrong, it's better to just fess up. This is what you wrote on October 2, 2011: "The market is going to fall off a cliff within the next 2 weeks... sooner rather than later." You didn't say, "I think the market is going to go down 2+%." You said, "the market is going to fall off a cliff." Big difference.

In any case, I'm glad you are doing well with your investments. And I think discussion on this topic is good from time to time. I'm not trying to criticize what you're doing. And I'm not trying to get into a **** measuring contest. I like what I'm doing. You don't. That's part of what makes a market, right?

This. Might as well get free drinks in Vegas.

The broker fees are high, but the asset is pretty much fully depreciated and useless.

look at typ and tza today, yikes,.......don't do it...... don't do it......tell yourself the market will keep going up........for the gamblers for sure.

How consistently do you need me to do it?

Look, to all the naysayers, fine, I give up. I enjoy talking about trading. Turbulent markets are where traders make their money. I am not trying to get anybody to do anything.

I especially dont want soeone with no ability to manage risk to do anything. All I was communicating was an opportunity. If that opportunity was not something you wanted to take advantage of that is a-ok. Trading is a separate job, all day in front of the computer. It isnt for everyone.

If you did take advantage, first beers on you...now go put in your stop losses.:D

Scambo,

I didn't mean to "dis" what you're doing. I was just trying to contribute to the discussion. Investing is a topic of interest to me too. And I see nothing wrong with anything you've posted. It's your opinion and it might be really helpful to someone.

I think it's important to note that you and I are essentially talking about two different things... day trading and investing. You are talking about day trading. I am talking about investing for the long term. We both are using risk management techniques. Personally, I'm not big on day trading. I see comparing day trading with a more long term, consistent investment approach as being kind of a tortoise and the hare parallel. But I'm not knocking what you're doing. It's just not right for me... just like what I'm doing isn't right for you. It's up to each individual to find an investment/trading method that is a good fit for their objectives, time horizon, temperament, and tolerance for risk.

Thanks for the discussion. Whether you and I agree or not, I think it's a topic of interest to many here. I don't think any of us want to see the "Latest & Greatest" turn into an investment forum. But don't stop posting on this topic when you have something to say.

Are we cool now? :D