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Post by cosmic on Mar 10, 2011 16:18:51 GMT -5
-227  There have been times, I'm sure, that I would have been long at the start of a day like that.  Everyone feel ok with 200+ point down day? Yup, completely normal. I do think that at the open there may be a chance to go a little long on the SPY and make a scalp or two.  NO trades today.  Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by PoorHomey on Mar 10, 2011 16:38:46 GMT -5
The "Get out of Jail Free" card I used yesterday would have been a Motel on Park Place today.  Normally I'd find that disappointing, but the knowledge that I actually stuck to a plan / adhered to some form of risk management is more important than missed gains. Traded TNA / TZA - both winners. Bought a bit of my employer's stock late in the day looking for a bounce tomorrow. Healthcare seems a bit less doooomy.  |
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Post by jack on Mar 10, 2011 16:42:35 GMT -5
-227 There have been times, I'm sure, that I would have been long at the start of a day like that. Everyone feel ok with 200+ point down day? Yup, completely normal. I do think that at the open there may be a chance to go a little long on the SPY and make a scalp or two. NO trades today. Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys! Today will go down in Market history as the Day of Rubber Bullets & Soul...but without the bounce: |
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Post by jack on Mar 10, 2011 16:44:01 GMT -5
The "Get out of Jail Free" card I used yesterday would have been a Motel on Park Place today. Normally I'd find that disappointing, but the knowledge that I actually stuck to a plan / adhered to some form of risk management is more important than missed gains. Traded TNA / TZA - both winners. Bought a bit of my employer's stock late in the day looking for a bounce tomorrow. Healthcare seems a bit less doooomy. That's because this market is gonna kill more of us there will be increaserd demand for medics, etc. |
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Post by Clinton SPX on Mar 10, 2011 16:54:38 GMT -5
Trader turned investor  |
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Post by maxi on Mar 10, 2011 16:57:15 GMT -5
I bought some more HAL in the morning. Then some FCX. then FCX cause it appeared to go up. Then my level 2 totally crapped out giving bids and asks that were way off the last price. So I had to call TDA. Was on with them for at least 20 minutes. Well the result was they gave me 22 free trades and busted my last FCX buy (which was too high anyway). Really turned out more profitable than trading for the day! I seem to make more money getting free trades from their poor command center than any stock trades I do! (LOL not really, but they gave me 10 the other day too)... This is a reprint of my earlier post....  I am not getting nearly enough attn here lately. Just thought u guys would wanna know.... |
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Post by jack on Mar 10, 2011 16:59:36 GMT -5
I bought some more HAL in the morning. Then some FCX. then FCX cause it appeared to go up. Then my level 2 totally crapped out giving bids and asks that were way off the last price. So I had to call TDA. Was on with them for at least 20 minutes. Well the result was they gave me 22 free trades and busted my last FCX buy (which was too high anyway). Really turned out more profitable than trading for the day! I seem to make more money getting free trades from their poor command center than any stock trades I do! (LOL not really, but they gave me 10 the other day too)... This is a reprint of my earlier post.... I am not getting nearly enough attn here lately. Just thought u guys would wanna know.... |
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Post by brosin on Mar 10, 2011 17:05:26 GMT -5
FFR was level at .14% and remains severely in 'deployment on risk' levels and at a 12 month low for the 3rd straight day. We'll see if it can bounce at all or whether lending markets are going to get worse My FAZ unlost - I'm still down 9.x% on it (from $45.10/sh post R/S)... I'm really upset with myself that I didn't buy those SPY puts I was eyeballing the last 2 days. Shouldawouldacoulda made a killing  monopoly world / big cap acct - very active day, mostly rotational although I got slighly less short... acct +10.4% / +$232K on the day buys: (to cover remaining) MU @ $9.87 & $9.80 / +4.8% on that batch after closing out the other half yest for b/e (was a 4x short position overall) (to cover ALL) CLF @ $87, $86.90, $86.80, $87.05, $86.90, $86.80, $85.65 for +.6% overall on an 11x short position - was crushing me for a long time (new) GOLD @ $73.75 (new) GLD @ $137.95 (new) SLV @ $34.43 (new) LVS @ $40.10 (new) ANR @ $50.50 shorts (all except PCLN are new positions): PCLN @ $461.15, $466.90 / now 8x short avg $436.21 unrealized -6.5% BKE @ $37.60, $37.60 (2 separate times/orders) LUV @ $12.33, $12.40, $12.51 NFLX $195.15, $202.15 S @ $4.71, $4.88 I am now 10% long, 90% short |
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Post by davetherave on Mar 10, 2011 17:07:23 GMT -5
Bought small EXK at 8.53 sold FTNT at 42.65 for a tiny loss
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Post by davetherave on Mar 10, 2011 17:08:49 GMT -5
Looks like the Rave just got upgraded to a commodity trader!  |
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Post by maxi on Mar 10, 2011 17:21:27 GMT -5
Looks like the Rave just got upgraded to a commodity trader! Well that needs an exalt! |
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Post by davetherave on Mar 10, 2011 17:26:16 GMT -5
Very nice of you Maixi ...thanks.
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Post by Rothschild on Mar 10, 2011 17:30:24 GMT -5
Wonderful day for me and most Fastopians! I was biased on the short side and made a small fortune with SDOW and long UUP.
Hope everyone did great today and will do so ad infinitum.
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Post by kbk3ck on Mar 10, 2011 19:43:07 GMT -5
Finaly sold 1/2 of everything. Now the market can turn around and go back up. LOL
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Post by bellevuetrader on Mar 10, 2011 19:46:12 GMT -5
No trades today....just stole some more retirement money. I feel dirty.
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Post by Clinton SPX on Mar 10, 2011 19:50:39 GMT -5
Finaly sold 1/2 of everything. Now the market can turn around and go back up. LOL If everyone bought one share of FAZ we'd have a 500 point rally |
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Post by exabi on Mar 10, 2011 19:57:23 GMT -5
Currently, I only need one this size:  Hopefully, I won't need to order one of these:   |
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Post by kbk3ck on Mar 10, 2011 20:12:46 GMT -5
Whats that for Ex? Tear soaked tissues?
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Post by exabi on Mar 10, 2011 20:34:20 GMT -5
Whats that for Ex? Tear soaked tissues? Nah...not at that point yet, just bags of stinky |
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Post by kbk3ck on Mar 10, 2011 22:24:05 GMT -5
Ah. Bag holder? Im still holding 1/2. Sold the rest.
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