Thank You and Goodnight..

So today brings the live trading display to a close, the ETF Page is now an internet shrine to idiocy at it's finest

None of these idiots in their wildest dreams thought it would be so easy to apply general market knowledge to new markets and blitz it out of the park, over the golf course and straight through a brick wall in basically two weeks of live (theoretical of course) trading. 

Idiots have treated it as though it was 100% real and been scrupulously fair and accurate in the live trading, and although obviously in real trading idiots have to account for spread in stop losses etc, (we do) the idiots hope people can see they have a reasonable grasp of market action, even if we do think it's all one big computer game.

It has been quite a team effort and all the idiots have been bang on it, because of course unknown idiots always have something to prove, and in this case the desire was only to prove that not everybody who visits Mr Turner's blog comments is a fool. 

Today's trading commentary from the the ETF page is copied below, and the idiots think it speaks for itself, although the idiots highly recommend people visit the page itself and read the last paragraph carefully.

Update 25th Jan 2013

Remaining 15 contracts on DOW stopped at breakeven. thinking about reloading once more..

Update - back, might be too early, we shall see

• Short DOW @ 13871  61 contracts at 20pts = 1% risk

Update - (Yesterday's)  Final 15 S&P contracts stopped at breakeven 
This below is basically the idiots regular bet.. only that the Market will bank the money of fools

(...as in shall the idiots kick the granny out of it with high leverage for their daily cheek)

Update MORE TRADING: Adding to shorts at high leverage and tight stops 

• Short S&P 1502.1  - 100 contracts 10pt stop <1% risk
• Short DOW 13882 - 135 contracts 9pt stop 1% risk

Total account risk with previous DOW short still in play approx 3%

Update S&P TP1 20 pts x 80 contracts = +$1600

AT_ETF  $123525 + $1600 = $125125 or +25.1% 

Still short 20 S&P and 196 DOW :) @ 2% account risk

Update DOW TP1 20pts x 100 contracts = +$2000

AT_ETF  $125125 +$2000 = $127125 or +27.1% 

Still short 20 S&P and 96 DOW @ 1% account risk

Update Remaining 20 S&P stopped at breakeven. To. The. Pip.

96 DOW @ 1% risk still in play

Update DOW TP2 35 contracts x 40 pts = +$1400

AT_ETF  $127125 +$1400 =$128525 or +28.52% 

Still short Original 61 DOW @ 1% account risk

Read it and weep fools ;)

Update 25-Jan 2013 - This is probably the final Update in here now.

Dow trade scratched at +$366 (6pts) rather than maybe take a 1% loss

AT_ETF $128525  +$366 = $128891 or +28.89% 

IN TWO WEEKS  OF TRADING MARKETS THE IDIOTS DON'T KNOW, AGAINST THE TREND

FOR A LAUGH :) 

Well we certainly had a laugh..  ..read the rest at the Anti-Turner ETF 

The site will now get a couple more idiotic posts to round things up and then become an internet shrine to Mr Turner, as seen by a bunch of idiots, because the idiots do actually have better things to do, like new places to mug money off fools (and for that we thank Mr Turner's bullish stocks calls greatly) but this did need doing and these idiots wanted to do it. 

Thank you and goodnight. 

RIGHT OUT OF THE PARK!!

After spending the European session taking continuing pot shots at passing Terminators from yesterday's trade defence lines the idiots withdrew when the markets surged upwards, and regrouped at the new top again. What followed was somewhat epic if we do say so ourselves. (for idiots, anyway remember)

Here's the whole trade sequence from the ETF page.

New entries as below

• Short DOW 13866 - 85 contracts at 20 pip stop = 1.5% risk
• Short S & P 1501.1 - 85 contracts at 20 pip stop = 1.5% risk

Update S&P TP1 70 contracts x 50 pts = +$3500

AT_ETF  $116525 +$3500 = $120025 or +20.02% 

(should we say it again? :) Stops to breakeven - Risk Free trading from the idiots once more

Update DOW TP1 70 contracts x 50 pts = +$3500

AT_ETF  $120025 + $3500 = $123525 or +23.52% 

Some people might be glad to know this project is now approaching the end of it's line, it's not supposed to be a free trading class, the idiots were only  intent on demonstrating that a methodical approach and a vague understanding of how it works can earn money, despite what fools may tell you.

So the idiots will now just (attempt to) make sure they outperform 3 years worth of balanced portfolio growth by the end of Jan and then leave it hanging out there as the benchmark for fools to aspire to. 

If we look at the figures for the Dow, fools buying it at  "Turner's top" (13414) are up 2.9%, meanwhile, a bunch of idiots trading it the wrong way for a laugh  managed +23.5% in two weeks. 

The idiot's money is banked and secure, whilst the fools have to worry about whether Mr Market takes it all back again tomorrow..  Whilst we might be idiots, **** being a fool.. ;)

Trading Update

Well it has to be said the idiots don't have days like that every day.

Early AM European session the DOW got hoovered at breakeven, but idiots aren't taking no for an answer and hit them back at one point higher, 6pt stop and 195 contracts 

As its only the DOW setting up here (S&P fired yesterday) idiots are going to try it again, with a 6pt stop and 195 contracts for 1% account risk, that seems like a high risk reward..

• Short DOW 13784 x 195 contracts x 6 pt stop - 1% account risk

Update: Stopped out -$1170

AT_ETF  $118875 - $1170 = $117705  or + 17.7% 

Even though ultimately this trade took a small loss hopefully people can see the potential here. If we were not playing a longer risk:reward management game, these two stopouts could both have been grabbed at +3 or 4%.  At 195 contracts, a mere 40 point drop (idiots first target with these heavily leveraged ones) would pay +$7800

Idiots only need to actually win 1 in 7 of these to still be up.  What a bunch of f'in idiots :)

and as idiots won one last night they get to take a few free pot shots out of the profit now..

Update back in, you cant keep a good idiot down..

Update DOW Terminated at breakeven

See the AT_ETF page for full details of all trades entries and results

The Idiots and the Stupids

In pictures, for those who aren't so good with words..

Of course this isn't failsafe, the terminators might decide that today its more profitable to go up and take out us idiots first (if there are more of us) before coming back for the idiot buyers later, but betting against the people buying at the top is usually a workable probability bet over time, and especially at high risk:reward ratios.

This post will be updated with the outcome (of the trade) anyway of course

hahahaha er, sorry, Update 23 Jan 2013 S&P TP1  40 contracts removed at 50 pts = +$2000 

AT_ETF total  $112555 +$2000 = $114555 or +14.55%  in 2 weeks.

Idiots still short 16 contracts on S&P (no risk) and 56 Dow @ 1.5% risk

Worst case scenario DOW stopout gives +0.5% for the day (banked)

Now if we could just afford us our very own Terminator...

AT_ETF total  $114555 - $1680 =$112875 or +12.87%

So today, yes the idiots had to settle for a mere half a percent (ish, less in fact) up at the end of these two trades. Literal peanuts. But lets put that in perspective. Imagine you could only manage to do that, twice a week.  That's 4% per month, or 48% per year if you immediately extract all winnings and stay at the same position sizes forever. 

However most idiots stay at the same risk reward figures and use larger positions as the account grows.  Using this method, if you can just manage a consistent steady 1% per week forever, the account size will grow parabolically...   hmm..?  :)  ..anyone wondering if the idiots might have some clue what they're talking about yet?  ;)

UPDATE: Just posted in the ETF page , what an end to the day...  remember we were thinking about reloading heavy with tight stops above? heh heh..

..and back in immediately..  this might turn out to have been a bit hasty, we will see..

• S & P Short 1495.1  - 160 contracts x 7 pip stop  - 1% risk
• DOW Short 13783  -  160 contracts x 7 pip  stop - 1% risk

let battle commence you f'in idiots..

Bwahahahaha update, as fast as we could get the stops on screenshot done and a cup of tea, it reversed :)

Updates coming thick and fast.. S&P TP1  40pts x 150 contracts = +$6000 

AT_ETF Now $112875 + $6000 = $118875 or +18.87% Stops to breakeven on Dow & remaining S&P 

 RISK FREE TRADES 170 contracts total short.  Eat our f'in shorts will you?  :)  

See the AT_ETF page for full details of all trades entries and results

Idiot Trading Analysis & Market Commentary

Firstly, what can we see say except.........   SILVER!! 

SilverMan was at the beach yesterday but was talking about the market last evening, and said he thinks he sees something very significant, (and quite unusual) that is some real world silver demand rejecting a sell off hard. At the same time as the image below,  Gold dropped about $7 in a vertical line, Silver started to, but was powerfully rejected upwards again, as though there are very large buy orders just under the market.

Make of this what you will, but idiots think people should definitely be buying dips towards $30-31  (*if* : ) you see any.

Last night's (slightly idiotic, even for us) renewed equities shorts are drifting slowly downwards..

These charts actually provide a perfect demonstration of what is fundamentally wrong with technical analysis, that is, it works, until it doesn't. 

Which is why these idiots only use it as an additional guide to go along with our own idiotic view of market fundamentals and price action. 

So anyway, after a couple of weeks at looking at equities the idiots are thinking theyre sorta getting the hang of it now and so might start trading it how they trade their more usual markets, ie down, AND UP. 

Obviously the bunch of idiots are well aware they are trading against the the trend (to make a point) but think that with said point probably now proven (+12.55% in 2 weeks lol) it might be nice to be pointing the right way for a while, and instead of all these "stopped at zeros" we start getting a few TP3's instead.. :)

So today if these trades hit TP1 idiots might be thinking about taking reversals back up too. idiots are also adjusting TP levels slightly as they become more accustomed to the range to try to extract more cash prior to stop outs at zero..

And for anybody still in two minds about this "Dont bet against America" nonsense the idiots highly recommend careful reading and digestion of this..

This Is What 1,230 Days (And Counting) Of Explicit Market Support By The Federal Reserve Looks Like

Because much like the technical analysis failure above, this will also work until..   it doesn't. 

F'in Idiots

A day in the life of an idiot who didn't go to the beach instead today.