 | daily updateby stupidity rules on July 24th, 2008 at 4:09 pm |
(4 votes, average: 3 out of 5)
Loading ...Xlf closed at 21 as I predicted early today. I am not bragging about my predictions. I decided to share with you guys my actual trading experience - day trading entry and exit points and some longer term predictions. I mainly trade highly liquid etf like xlf, qqqq, qid, qld primarily by options. I focus in my trading only on the tape and charts. I ma not going to entratain you like other posts in this board- my goal is to help the ones who are looking for an informed decision. I am not asking to follow me in my trades. I just want to an intelligent discussion with peers. I appreciate your comments.
Been following you and can tell you are dead on with ur predictions so far. got 45 SKF Aug 125 calls this morning. Got out EOD for a very nice profit. Looking to get long UYG calls at low 20s. Positioning for SPY 1300 and end of month rally. what do u think?
July 24th, 2008 at 4:18 pmI like liqudity in XLF options UYG options do not provide this and it too volatile although rewarding. I am not following SPY. I might look at QLD long soon, maybe from 66-68 to 72-73 or qid from 43.5 to 45-46. Might consider XLF long from 20-20.5 depends on the tape.
July 24th, 2008 at 4:27 pmSorry old pip, you’ll have to get “less boring.”
I like the moniker though. A start, what?
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July 24th, 2008 at 4:39 pmI would be interested in what you have to say (in your ‘informed decisions’, as you claim), but just posting your trades does not help me much.
You say you want a discussion, but I don’t see any of your reasoning.
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@ The Earl - thanks for inventing the sandwich. I had one for lunch, and it was mighty tasty.
July 24th, 2008 at 4:48 pmWhen I want fun I watch comedy, we here to make money. Once we make it, we’ll spend it at less boring places. My informed decisions are besed on years of watching the tape. I have seen the same patterns that work all other again. I am not giving my rationale for every trade-simpli do not have time for-if you smart eventually you will see the reasoning for my trades. I could care less for charts themself-they ofter fail and I do not use stop losses since i try not to enter a trade that has a terrible ratio of risk-reward (like old fasion breakout at 52 week high). You would have been better by just nailing scalps every day consistently without hitting jackpots-that way market makers live-short the tops and buy bottoms.
July 24th, 2008 at 5:00 pmWot? Oh that?!
Quite an accident, dear boy, but your compliment was well received. “Your servant,” etc, etc.
Off to mash up some of this tuna my Thames boatswain harvested this morning. Perhaps adds some of that “eggwhite and oil” concotion my footman, Thronberry, “whipped ready” yesterday. Seems to be holding up well.
Now where in the dickens is my slabbed rye?
Thronberry!
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July 24th, 2008 at 7:45 pm