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RE: Lions! Expect A Short Term Dollar Bounce-Trade it! By Gregory Mannarino
Nonetheless, here comes the SPY...as "promised." Or should I say >>> instructed? :-)
Nonetheless, here comes the SPY...as "promised." Or should I say >>> instructed? :-)
Yep, I just got triggered too, I am now short again
Again, I hope you are trading a tax deferred account since your gain on the new short will have to equal your loss on the last one...and then some, just to make the trade worth while. I'd hate to be your accountant btw. LOL
yes my accountant hates me. last tax season took him 3 days to enter all trades on the tax reporting form, but you are wrong, if you go back into the same trade within 3 days the clearing house will consider it a 'wash' transaction for tax purposes as if the 'in/out' never occurred.
I don't care what the clearing house says. The only way to "hide" a loss is if you keep careful records of your trades and match up exits and entries on trades you have more than one entry in. In cases where you are constantly getting whoopsawed in and out like you are...there is no way to hide the loss....unless you fabricate. If you have a good enough accountant he might be able to fabricate effectively for you. I'm surprised you were never audited after watching you trade for only a week or so. :-)
you haven't seen me trade. you are only fabricating a condition to fit your own thesis. you need help my friend. Give up trading and find yourself a good doctor
That's right, all I can go by is what you say. Not what you do "behind the scenes." Two consecutive short term losses in SPY trades and you are telling me to give up trading? Good one. :-) I'm sure you will try again. I'll wait. I'm patient. All you have shown me is that you are a yahoo...so far anyway. Go ahead and post a trade "live!"...I dare ya. :-)
BTW a famous quote about those who fabricate conditions to conform to their own thesis: 'Neurotics build Castles in the Sky, Psychotics live in them, and Psychiatrists collect the rent' too funny, LOL
I take it your psychiatrist agrees with that statement? I'm more of a narcissist than a psychopath btw. I actually enjoy the crap I spew and it brings me great pleasure to expose bs artists such as yourself. Not that anyone at Greg's place gives a shit about bs artists of course. The lions and lionesses just "go with the flow" ...like anyone who is a member of the 99% club would. :-)