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Indecision
Not buying anything, just watching and may be do some shorting.
Looks like rotation to solars. I am positive on STP again at 38 buy.
DOW wants to go negative
SKF is flying once again !!!
Yeah baby.
i missed out on skf, no money left to be buying more stocks. haha nibbled everywhere qid, twm, dxd
http://stockcharts.com/def/servlet/SC.pnf?chart...
If AAPL does not break 148, then it should be coming back down.
Okay you guys...Gotta go and enjoy some spicy afternoon...
Later..
MEEBO chat room
i think it's pretty cool
zee
like last night i was just missing contrare by two to three minutes---in the comments disqus comment section
there were about ten people in the meebo chat room---me and deals and hillary clinton and Obama and judge dread, and John McCain and sunfun and guest 5 thru 8 and --Hillary kept screaming "vote for me in NOV"---
I think CPE just kills GDX tomorrow and then add Michigan sentiment and it's dead by two
DUG 6 down days in a row = 90% chance
Fortune 8-there's no such thing as an 8 day falling knife --right?
sort of like my PCAR--always staying in it's $6 price channel
time to refocus on the sector for trades
at 145 he is 3 pts earlier then where I would have shorted, but then he is already making money.
will I get a chance to buy it lower?
market is down but the VIX is down at the same time.
no fear at all.
tread carefully.
If I short a stock at $10 (hypothetically), at 100 shares, and it climbs $2,my investment drops 20%. Because of a lack of discipline, I am now faced with buying to cover, in case it climbs higher, or holding on.
If I think it can't climb much higher, and it's just a matter of time before it drops back down, I have two choices.
I can buy to cover, in case it climbs higher.
Or I can hold.
If I buy to cover, I take the 20% loss knowing I can't lose more.
Now let's say the stock climbs another 50 cents, and then drops back to $12 -- and I get a sign from God that this stock is now ready to go back to $10. So, I short sell the $12 stock with my remaining 80% (800) and discover I can only buy 66 shares!
How much further does that stock need to fall below the $10 price, to recoup my losses?
I think that scenario should explain why shorting stocks is so f*(ing dangerous if you don't have a disciplined stop-out procedure.
Another way to look at it is . . . for every 10% you allow a short-sell to go in the hole, if you buy to cover and then short sell at that same price point, it will have to fall an additional 5% below your entry point, just to break even.
Ironically, if you ever get caught in a mess like that, before buying to cover, evaluate what caused the sudden rise in price. And if it is mere volatility, it may pay to hold - especially if you know you're in a bear market.
I got caught doing something like that with ABK a month or so ago, and was taken completely by surprise as it rocketed up. Instead of having a "blind" stop in place, I let it ride thinking it was just a spike, and at the end of the day, decided to get out, in case it got worse.
Of course, riding it back down just didn't offer the same profit opportunities.
Tim Sykes talks about the added need of discipline with shorting stocks in a recent entry as well.
Why do you need to pay for realtime charting? Don't your broker have anything?
Other times, there are fake moves that gets you in and out in a few minutes.
Pull up a chart for any stocks today and you will see.
zee
zeepers-creepers
I'll have to look into that
Hope you are hedged.
I let SKF get away. At least I still have SRS.
oh wow---straddle time---1.80 both sides
cash in the winner and let the loser get back to even 2 days later
Fed's Lockhart Says U.S. Near a Recession, Sees Slow Recovery
http://www.bloomberg.com/apps/news?pid=20601087...
BUY when 4ema cross above 21sma. If you want double confirm, then both 4ema and 8ema.
SELL when cross below.
I vary between 1min to 5min chart.
1min will give you an earlier signal than 5min.
Also, the 1min will have lots of noise.
Hence, if I see a 1min signal, I check 2min and 3 min for the same confirmation.
zee
Isn't that something --they raised the CPE estimate from 0.0% to 0.1%---well Mich. Sent hurts retail and CPE hurts gold stocks
I think USO is a short again 87-88.
Just wait a few more days.
Ouch !!!
come back and fight another day.
Just watching didn't buy anything...
This market not saying what direction its going to take today
APOL thrashed badly afterhours.
ACI puts..ummm..ok whatever man...you are great..
Tomorrow is the day to load calls...i am still waiting..
and besides $34 puts DUG 8% below the lower bb13,2 band---I don't think that will happen
I did buy SKF lower.
People hold stocks with 50% loss and sell stock with 5% gain.
Man you are so right...so what is the best way to negate this? Why people don't sell after 5% loss?
I like to hear some thoughts here...
IBD always say average on the way up not on the way down..But still most of us do average on the way down.
Not just intellectually lazy. Not just financially lazy. It's EMOTIONALLY lazy.
You don't have to deal with losses when you say, "Oh, it's an investment."
People suffer 50% losses because they're thinking like working-class instead of wealth-class.
Hey, I'm working-class, too. But I don't think like them. 5 hours of sleep and the rest is work and research. If I'm losing, I'm pissed and starting the game over again.
I can be stubborn, too, but not if I don't have a plan!!!!
I'm not too tired to figure out the trend. I'm not too proud to pick up the pieces and start over again. And I'm not too weak to look in the mirror and say "What the F*(*&^% are you doing accepting a 5% loss without getting out!"
You know what amazes me more than the pyramids of Egypt, the flight of the SR-71, and Apple's skinny laptops? You know what amazes me? Is the number of people trading the market without a clue as to where it's going. All they look at are stock charts.
It's the equivalent of trying to drive your car by only looking at the instruments on your dashboard.
Stop it! Look outside! If the terrain is rough, surrounded by cliffs, DO NOT drive in a straight line! That's what investing is - driving in a straight line! FORGET IT!
I'm only yelling to help you see . . .
I'm only yelling because I'm amazed . . .
Sometimes a slap in the face can save more pain than it causes - Old Trader's saying.
I just wish that when I first started trading, someone had yelled at me when I was losing money.
No . . . I wish they had smacked me across the head with a folded newspaper, and then yelled at me . . . .
People can be so nice, it'll kill you.
But a friend will always be honest, yes?
You see my avatar? That's for me. The market is holding it, and it's pointing at my head. The money keeps me looking at the barrel - BUT I have to be willing to duck!!!!
OK. I'll stop now.
Good luck, my friends.
PS. Regardless of news, odds favor us dropping further today.
If we don't, it certainly seems to me that the market from Jan to now has transitioned into a new stage, which will mean more uncertainty until a new pattern emerges (will take a week).
If the old market is still in play, we should drop for the next two days - easily.