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Post by cosmic on Aug 9, 2011 15:11:02 GMT -5
Turbulent Tuesday edition.  I'm not even sure how I would narrate that. I don't even know if a love child between Howard Cosell and Walter Cronkite could come up with a narration for that.  I mean people say "if you were trading there were great gains to be made!" - yeah, if you had any idea it was gonna do something like that maybe, but anyone that says they did consistently throughout the day... I ain't buyin' what you're sellin  I added a little more DRN today - my average is 48 now. It'll get there. I noticed my others all doing well... except poor SQNM, it faired the least. Ah well, it'll be 8 soon enough again.  Hope everyone made some money today or "unlost" some at least, and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by huh? on Aug 9, 2011 15:16:37 GMT -5
No trades and very, very happy for it!
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Post by demanuel2001 on Aug 9, 2011 15:25:02 GMT -5
Well got back a few shekels today. Not as many as I could have because yesterday I turned $200K of my IRA stocks into cash - just the way it is. Did scalp some LVS calls and also got longer in the dip after the Fed announcement.
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Post by brosin on Aug 9, 2011 15:31:50 GMT -5
added to FAZ short at $75 on the dot (could've gotten even $80 had i waited, but who knew).. looked to add again but no shares were available when market was down over 200..
with my 3 entries between yesterday and today, it's made me about 20% already - going to be looking to get out of it on the move to 1200 SPX (hopefully tomorrow?)
only move of the day thank god -i thought about doing a ton of stuff but didn't know what to do. had a few moves in the monopoly world early in the day.. that acct is now beating the market by 45% all of a sudden
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Post by maxi on Aug 9, 2011 15:34:02 GMT -5
Could not resist. Bought HAL 43.04 sold 44.65. There is a saying in AA (alcoholics annon.) Take what you need and leave the rest.
Yes i see HAL is much higher than where I sold. But I am still able to breathe right now!
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Post by novice08 on Aug 9, 2011 15:42:17 GMT -5
Was all set to try some shorts this morning, obviously didn't. Scalped a little PAL for 7.2%, didn't hold long enough. Sold some l-t into strength this morning. Will be paying off debt and maybe buying a little more physical gold.
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Post by maxi on Aug 9, 2011 15:43:08 GMT -5
Was all set to try some shorts this morning, obviously didn't. Scalped a little PAL for 7.2%, didn't hold long enough. Sold some l-t into strength this morning. Will be paying off debt and maybe buying a little more physical gold. You are getting really good N. Good job... I give u a karma now! |
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Post by novice08 on Aug 9, 2011 15:49:18 GMT -5
Thanks, maxi. Congrats on your HAL trade, nice move there. Of course the l-t holdings went up more, but just wanted to raise some cash. Not convinced by this move, agree with Bros we've entered a bear market. Did NOT sell miners, they were up even though silver was down...sold some energy tho, maybe not a good idea. Just more comfortable with less exposure here. Good for economy that oil is down a bunch.
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Post by Clinton SPX on Aug 9, 2011 15:53:54 GMT -5
Seems oil has bottomed
SSN +25%
TGC+4.4%
Account +6%
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Post by tajmahal9898 on Aug 9, 2011 17:23:16 GMT -5
decent day, no trades, unrealized swing of ~160K, net unrealized profit of ~121K. Key is that it is still unrealized, anything can still happen..
So far, I have got lucky with moving the funds into the account at the right moment. Keeping fingers crossed.
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Post by puurfectten on Aug 9, 2011 17:55:13 GMT -5
well that was a relief...ok now we get up...hopefully enough to save my vxx trade..they should flame the puts into opex...  |
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Post by exabi on Aug 9, 2011 17:56:49 GMT -5
Did a quick (15 min) 5% scalp on TNA this morning... only got a 1/4 of the potential, but I'm happy. Back to 97% cash +/-
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Post by timber on Aug 9, 2011 18:30:21 GMT -5
i think ill start trading again tomorrow .....i kinda now know the direction then....lol
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Post by birthmark on Aug 9, 2011 18:36:52 GMT -5
In between wiping the drool off my chin while twitching occasionally as I stared at the screen and still I managed to pick up some SQNM at 5.30.
GL
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Aug 9, 2011 19:15:46 GMT -5
Added to ZSL after hours at 14.29. Missed the end of the last SLV downtrend in early July, was traveling. Looking for another downwave in Silver for another few weeks.
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