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Well folks, the market has closed and with both major indices down about a percent, I think we are seeing the first throws of a nice market correction in October. But what do I know, I'm just a small time investor. How about the following stories:
http://www.cnbc.com/id/39501358
http://www.cnbc.com/id/39499589
http://www.foxbusiness.com/markets/2010/10/04/futures-drop-dollar-strength-weakness-european-markets/
I'm up 1.42% so far on my QID entry on Friday. I'm smiling.
So folks, those trained by Monk and others, remember that what goes up, must come down.
Hopefully tomorrow and the rest of the week and month ahead bring a lot more red days.
Fly Safe.
Just call me the Bird Killer.
Another strike today at KHSA. They must have it out for me. A couple more birds have shuffled off their mortal coil. From what I can tell now the score stands at Jetpilot1101 3, Birds 0
YRCW tanked as expected today but managed a nice rebound towards the end of the day. With the R/S, it should open at $6.25 tomorrow. Since I have another night flight, I'll be watching. Could be a candidate for a day trade depending on the chart.
Fly and trade safe.
Good Morning Readers,
I have to work all day and fly this afternoon but I'm going to be watching the markets and my favorite swing trading vehicles. European debt is once again rearing its ugly head and we've got a whole slew of "top financial officials" testifying on Capitol Hill about the Dodd-Frank financial reform bill. (if they really wanted an honest opinion they should probably request Monk but I have a feeling he'd turn down the offer.) So the F's should be fun today.
Speaking of Congress, the whole lot of them need to be fired. I mean seriously, do they really serve us or just use the power to line their own pockets? Do any of them have the slightest knowledge about that which they have hearings on? Quite honestly, the average Monkinar attendee would probably understand more about financial matters than Barney Frank and Chris Dodd combined. Here's a tip to Congress: STOP SPENDING MONEY YOU DON'T HAVE and maybe think abot balancing the budget.
OK, done with politics. Watching QID for an entry and will be carefully watching YRCW for a bounce following what appear to be shaping up to be an early morning dump thanks to a sleazy R/S announcement AH.
Fly safe.
Susan, I'm following the rules and doing what I was taught. I'm picking up some stuff along the way as well but I am not tweaking.
I have to get to bed. Have a great night.
Congratulations! Yeah, that is the hardest thing sometimes, waiting for the trade to come to you. But I'm glad you are getting it and very happy your live trades were profitable. I have a feeling you are going to be very good at this.
EIGH is definetly one to watch. Should get really fun shortly.
So far, my two live trades have been gangbusters.
QID is my top trade but only if it is going to be a good trade. I learned to day to not force it. Don't just find any trade, find the right trade and then commit. Today I found the rigt one and it paid off big.
I agree. I check QID also, but not ready yet. I'm practicing on the F's and T's and am pretty good at taking the "meat in the middle". At least enough to meet my needs if I were live. Only can practice about 3 days a week for half a day, so in a real life scenario I could make a very decent living for myself. Maybe I'll have enough to go live in a couple of weeks. See what EIGH does.
I think the markets are topping out and will soon start sliding dowhill. As much as folks want the DOWn and NAS to keep going up, at some point in time, realiyy has to set in and people are going to realize that the economic news is all bad.
I am eyeing QID right now for an entry but still waiting on signals. I was going to continue to swing YRCW but with the impending R/S, I'm only going to watch right now.
Well, if it was a chicken, then you were flying tooooo low.....but
all joking aside, I'm sure that it's very unnerving when that happens. I can hardly stand to hit a possum when I'm driving. YUCK!
But on to stocks....I'm still holding QLD, but if it starts down again tomorrow I think I'm gonna jump out. Still will have a good profit on it and this market is kind of jumpy for me. Not enough time to watch like I want to.
I'm not sure what it was. Sounded like we hit a chicken.
Hope it wasn't Pegasus you hit! I'm kinda fond of that horse. LOL
Thank you Susan.
Happens all the time but this one was big.
Glad you're ok, JP.
God evening readers,
Just got back from a flight. Only 1.1 tonight. I hit something that was either a goose or a horse with wings. Either way, it splatered itself all over the nose, bloodied up the left prop and took a trip through parts of the left engine. One full stop later and all is well.
OK, now on to stocks.
YRCW - Well, I swung this from 31 August through 27 September and made $1000 on a $5000 initial. Today, based on the 5 minute chart, I got back in with $13K at .2955 When the chart told me to, I unloade at .3150 for a nice $847 profit. Honestly, I was fully planning on holding YRCW longer term. I really thought Q3 was going to be profitable and that the deals with the Teamsters would get them on the right track.
AH today, YRCW announced a 25/1 reverse split quickly sending the stock down 20% AH. I'm going to still look at it tomorrow but R/S goes into effect 01 October so tomorrow will be purely a daytrade if the chart tells me to get in. Tomorrow should be interesting.
Until tomorrow...fly safe.
Good Morning folks,
Futures are slightly lower this morning.
While I have not been able to practice daytrading recently due to an increased flight schedule, my research and reading indicates that the T's have been performing better than the F's. Night flight tonight so I plan on getting a little practice in and making a little paper money.
YRCW is up to .34 in pre-market trading. Still too far outside the bolly's for my taste and I've noticed that YRCW likes to run hard in the morning and then drift lower all day so I'm watching for a better entry.
Right now QID is on my radar. Chart is looking good and the markets...well, that's a crapshoot.
Have a great day folks.
Outstanding sir. Make sure you don't mix it with anything else at that altitude.
QID and QLD seemed to have reached an impass. I believe the market is topping out here but I have been wrong in the past and even though the bad data keeps coming out, the markets seem to not care in the least. Will the house of cards crumble down, only time will tell.
YRCW received good news afterhours today. The CEO Mr. Zollars will be retiring after the company gets it's act in gear. Afterhours action drove the price as high as .32
Looking at the chart, the SP is still too far outside the bolly's for my liking so I'm going to hold off on reentering.
Right now, I think QID is the most promising entry and I will be looking for the chart to guide me
I can't wait...going to be a blast.
It's just plain fun and today is a kicking day to fly...80 degrees, clrea skies!
Not shabby for a beginner like me....
And when they cross...I'm in a good spot
17,500 service ceiling...
Excellent. Is 15k or 16k no problem without turbo ?
Ordered oxygen for my Cirrus yesterday...
See ya shooz...I met yu in ATL. Right ?
have a great day...
GM to you sir.
Good morning sir...
Yea, get that stuff off tho plane...it go faster.
hey.. I like the way you think...
Approach fixes....
No G's, just some drop practice...200 feet, 150 knots and crap flying out the back fo the airplane!
WhoHoo
Uh-Oh Going somewhere?
LOL Always wanted to be a pelut, now I are one. MOnk, Monk...I know that name from somewhere. Hey Jetman. Pulling any g's today? Man, I got the lag bad. 14 hours Rem time helped though.
Bummer...but it's always best to make sure everything is safe and working well when you're up that high. Maybe you can just spend some time shopping for those golf clubs Mel said you can buy. LOL
So what are all these lines on this chart for...
No flying for me lately.. my plane is in for its annual inspection... should have here back soon though....
Morning, Sir. Hope you get a chance to do some flying soon. It's a beautiful day here and if I were a pilot, I would definitely be flying! Have a great one.
See how that works... Dazzle them with brilliance.. and baffle them with......
...but they are there for my protection...now I'm all confused LOL
Rules.. we don't need no stinkin' rules...
Roger that...I'm an IFR pilot, I Follow Rules
Remember the rules... what touches the top and so forth...
I'm debating if it's going to bounce off the 50, 20 or 10 MA
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