Calling start of new Fool’s Rally – this morning

[Coronita]

[quote=peterb]Cracktradr. While I applaud your zealous activity in the market, trading 6 figures to make a couple grand is extremely risky in a market that’s jumping around like this one. But I have to admit, it makes for great reading.[/quote]

It’s even dumber if someone like FLU goes into an options contract expiring January 2009.
Buy to Open 50.0000 GEWAT CALL GENERAL ELECTRIC CO$20 ADJ EXP 01/17/09 [Details] $2.21000

What’s the likelihood of seeing a GE stock price above 22.21 by january?…Only time will tell. Warren B. better be right on this one 🙂

[cooperthedog]

stockstradr:

If you don’t humble yourself, the market will do it for you…

Making quick profits (or losses) in an extremely volatile markets is easy by definition. You appear to be euphoric and emotional in your trading which is something you definitely want to avoid.

You really need to define your risk, especially if your holding positions overnight. Trading 2x ETF’s exposes you to even greater risk. I commend you for considering stop loss orders to define your risk, but if the rallies/fades becomes less directional, or you pick the wrong entry point, the extreme volatility will cause you to get stopped out for continual 1% losses, sometimes within minutes. Using options to define risk with the VXO & VIX at record levels may not be the best choice as the premiums as well as spreads are huge.

As for other posters reading these threads, ALWAYS use your own judgment before making a trade and weigh the risks thoroughly.

[cooperthedog]

stockstradr:

If you don’t humble yourself, the market will do it for you…

Making quick profits (or losses) in an extremely volatile markets is easy by definition. You appear to be euphoric and emotional in your trading which is something you definitely want to avoid.

You really need to define your risk, especially if your holding positions overnight. Trading 2x ETF’s exposes you to even greater risk. I commend you for considering stop loss orders to define your risk, but if the rallies/fades becomes less directional, or you pick the wrong entry point, the extreme volatility will cause you to get stopped out for continual 1% losses, sometimes within minutes. Using options to define risk with the VXO & VIX at record levels may not be the best choice as the premiums as well as spreads are huge.

As for other posters reading these threads, ALWAYS use your own judgment before making a trade and weigh the risks thoroughly.

[cooperthedog]

stockstradr:

If you don’t humble yourself, the market will do it for you…

Making quick profits (or losses) in an extremely volatile markets is easy by definition. You appear to be euphoric and emotional in your trading which is something you definitely want to avoid.

You really need to define your risk, especially if your holding positions overnight. Trading 2x ETF’s exposes you to even greater risk. I commend you for considering stop loss orders to define your risk, but if the rallies/fades becomes less directional, or you pick the wrong entry point, the extreme volatility will cause you to get stopped out for continual 1% losses, sometimes within minutes. Using options to define risk with the VXO & VIX at record levels may not be the best choice as the premiums as well as spreads are huge.

As for other posters reading these threads, ALWAYS use your own judgment before making a trade and weigh the risks thoroughly.

[cooperthedog]

stockstradr:

If you don’t humble yourself, the market will do it for you…

Making quick profits (or losses) in an extremely volatile markets is easy by definition. You appear to be euphoric and emotional in your trading which is something you definitely want to avoid.

You really need to define your risk, especially if your holding positions overnight. Trading 2x ETF’s exposes you to even greater risk. I commend you for considering stop loss orders to define your risk, but if the rallies/fades becomes less directional, or you pick the wrong entry point, the extreme volatility will cause you to get stopped out for continual 1% losses, sometimes within minutes. Using options to define risk with the VXO & VIX at record levels may not be the best choice as the premiums as well as spreads are huge.

As for other posters reading these threads, ALWAYS use your own judgment before making a trade and weigh the risks thoroughly.

[cooperthedog]

stockstradr:

If you don’t humble yourself, the market will do it for you…

Making quick profits (or losses) in an extremely volatile markets is easy by definition. You appear to be euphoric and emotional in your trading which is something you definitely want to avoid.

You really need to define your risk, especially if your holding positions overnight. Trading 2x ETF’s exposes you to even greater risk. I commend you for considering stop loss orders to define your risk, but if the rallies/fades becomes less directional, or you pick the wrong entry point, the extreme volatility will cause you to get stopped out for continual 1% losses, sometimes within minutes. Using options to define risk with the VXO & VIX at record levels may not be the best choice as the premiums as well as spreads are huge.

As for other posters reading these threads, ALWAYS use your own judgment before making a trade and weigh the risks thoroughly.

[Coronita]

[quote=fat_lazy_union_worker][quote=SD Realtor]I enjoy reading both yours and FLUs post. Having the guts to post what you are trading for better or worse is cool. Your call on gold has been spot on compared to all of the other calls. I was tempted to go long yesterday in the morning and wimped out and am regretting it. [/quote]

Fvck. I got called into a meeting, during which cvx went to 67. Now it’s down back to 63. Damnit, damn expensive meeting…Oh well.

I don’t try to predict the markets, I just try to play and come out right more times than wrong.[/quote]

I’m out this morning. $66.9. We’re back about 9000 (for now)

[Coronita]

[quote=fat_lazy_union_worker][quote=SD Realtor]I enjoy reading both yours and FLUs post. Having the guts to post what you are trading for better or worse is cool. Your call on gold has been spot on compared to all of the other calls. I was tempted to go long yesterday in the morning and wimped out and am regretting it. [/quote]

Fvck. I got called into a meeting, during which cvx went to 67. Now it’s down back to 63. Damnit, damn expensive meeting…Oh well.

I don’t try to predict the markets, I just try to play and come out right more times than wrong.[/quote]

I’m out this morning. $66.9. We’re back about 9000 (for now)

[Coronita]

[quote=fat_lazy_union_worker][quote=SD Realtor]I enjoy reading both yours and FLUs post. Having the guts to post what you are trading for better or worse is cool. Your call on gold has been spot on compared to all of the other calls. I was tempted to go long yesterday in the morning and wimped out and am regretting it. [/quote]

Fvck. I got called into a meeting, during which cvx went to 67. Now it’s down back to 63. Damnit, damn expensive meeting…Oh well.

I don’t try to predict the markets, I just try to play and come out right more times than wrong.[/quote]

I’m out this morning. $66.9. We’re back about 9000 (for now)

[Coronita]

[quote=fat_lazy_union_worker][quote=SD Realtor]I enjoy reading both yours and FLUs post. Having the guts to post what you are trading for better or worse is cool. Your call on gold has been spot on compared to all of the other calls. I was tempted to go long yesterday in the morning and wimped out and am regretting it. [/quote]

Fvck. I got called into a meeting, during which cvx went to 67. Now it’s down back to 63. Damnit, damn expensive meeting…Oh well.

I don’t try to predict the markets, I just try to play and come out right more times than wrong.[/quote]

I’m out this morning. $66.9. We’re back about 9000 (for now)

[Coronita]

[quote=fat_lazy_union_worker][quote=SD Realtor]I enjoy reading both yours and FLUs post. Having the guts to post what you are trading for better or worse is cool. Your call on gold has been spot on compared to all of the other calls. I was tempted to go long yesterday in the morning and wimped out and am regretting it. [/quote]

Fvck. I got called into a meeting, during which cvx went to 67. Now it’s down back to 63. Damnit, damn expensive meeting…Oh well.

I don’t try to predict the markets, I just try to play and come out right more times than wrong.[/quote]

I’m out this morning. $66.9. We’re back about 9000 (for now)

[desmond]

“I’m out this morning. $66.9. We’re back about 9000 (for now)”

I am much more interested on how you lost over $400k in your wife’s account.

[desmond]

“I’m out this morning. $66.9. We’re back about 9000 (for now)”

I am much more interested on how you lost over $400k in your wife’s account.

[desmond]

“I’m out this morning. $66.9. We’re back about 9000 (for now)”

I am much more interested on how you lost over $400k in your wife’s account.

[desmond]

“I’m out this morning. $66.9. We’re back about 9000 (for now)”

I am much more interested on how you lost over $400k in your wife’s account.

[Author]

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