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The slow motion car crash contineus, Almoust wish i held over the long weekend. Risk was to high for me, we will see come tuesday. Hate it when the market is closed !
Profit when we buy it back lower.*
I forgot to include the other side of the trade. What I meant to say was that if I sell at some price and it DROPS by more than the break-even cost, then I would count that as a profit when I buy it back. It might involve buying more shares, but it could be just a few dollars more. At least it would be better than nothing, and it could add up over time.*
Wow! Zero comments Saturday. There were several comments last Saturday.*
Headline: Germany plans for Greece to leave euro.*
For anyone who is interested, here is the longer url for that page:
http://www.telegraph.co.uk/finance/financialcrisis/9091021/Germany-drawing-up-plans-for-Greece-to-leave-the-euro.html
"With Greek morale at rock bottom, the national mood darkened yet further after armed thieves looted a museum on Friday in Olympia, birthplace of the Olympic Games, and stole bronze and pottery artefacts - just weeks after the country's National Gallery was burgled."*
The Greek government seems to be collapsing, and nothing can save it.*
The ironic thing here is that Britain, Germany and France are models of "socialism," which American politicians like to ridicule, and yet these same countries are also models of "fiscal responsibility" and "market forces," which these very same politicians hold up as the standard.*
A recent youtube link from rocco2 led to a story about Italy, from Margaret Warner on PBS.*
A game changer! http://stks.co/2TMx
Nothing quite so elaborate.*
I was just thinking that, instead of selling ALL of my shares at a particular time and price, I would only sell HALF.*
I have set a limit order to sell half of my TVIX for 21 dollars, but I might get impatient and go lower if it isn't reached in about 2 more weeks. We are all expecting a dramatic rise in price, so I don't want to play around with it. But then again, I feel like I am in a rut, just sitting around waiting.*
As for keeping track of different blocks of the same "stock," I was thinking more along the lines of using a pencil and paper notebook to keep track of what I'm doing. If I sell half of my shares, and then buy back lower, I could still sell the other half the next time it reaches a high point. I could then buy back the second half lower, because two different trades have two different settlement dates. The brokerage account would tell me what I have available for trading, and I would take it from there.*
If it keeps going up, then of course you might want to sell your remaining shares at a higher price, or even buy back in at a higher price. But if it goes down, you at least have the chance to buy back cheaper, and lower your average.*
I want to give myself more choices, and do more experimenting. I don't want to be either too rigid or too impulsive.*
The cliche here is "Don't put all your eggs in one basket." Why trade your entire position on a hunch, when you or your advisers could be wrong? By hedging, you can still win, even if you lose. You can say to yourself, "Well, I really messed up on that trade, but I still did the right thing with my other half of the same stock."*
Of course, the more different things you have going, the harder it will be to keep track of. I worry about the day traders keeping their printers busy all day, and piling up stacks of receipts. How do THEY keep track of what they're doing?*
On the low end, the fees limit what can be done. If you pay 10 dollars per trade, then you need 20 dollars for the round trip. If you have 100 shares, the price per share has to go up 20 cents to break even. If you have 25 shares, the price has to go up 80 cents. If the price goes up just a penny higher than you need to break even, then at least you would not have lost any money.*
If you have 1000 shares, the price per share has to go up only 2 cents to break even. That would be nice. The amount of gain doesn't matter, as long as the direction is up.*
The problem comes when people are hoping for big gains, and end up with big losses instead. Splitting your trades would leave you with both smaller gains and smaller losses. After becoming familiar with a particular stock and how it moves over a long period of time, you might develop a sort of intuitive experience or "feel" for what is likely to happen. Then you could be a little less cautious.*
At least, that is my current thinking on the subject. I still need the experience to back it up.*
Here is an article by Rick Pendergraft, with an interesting chart:
http://etfdailynews.com/2012/02/17/beware-of-a-volume-spike-as-it-could-be-a-bad-sign-tvix-xiv-vxz-vxx-ziv/
http://img.bfpublishing.com/DP_2-15-12_1.png
See graph below.*
He says the correction is coming soon, but from the graph it looks like it might be 2 more months.*
Sleeping better - I agree with that.
Minimal Bear exposure for Tuesday.
1000 - TVIX
500 - SQQQ
2000 - TYP
Eliminated 80% of short positions.
Thank you, thank you very much, 100% agree, have a nice weekend
TVIX
although I'm sleeping better not owning this right now.. longs you are gonna have your day soon..
and it's gonna run big..
lol. our gov.is concerned about spending $ they dont have? Have they ever been.A jet gets shot down.Over 150M gone.Oh well
silliness IMO
just take it out now and be done with it
stupid
lets wait till they move underground
and then spend 100 million to take it out...lol
good for boeing
not good for taxpayers
oh wait.....thst the way it always is
WTF was i thinking?
Boeing got a over 100M contract to build Bigger Bunker Busters.Most explosive thing available to date short of anything nuclear.
Their bunkers and major facilities are already deeply embedded in the ground. Carpet bombing with the big'uns will eventually take them out. The air force would the first to be taken out. I fully agree that Israel will march at their own beat. I have friends in both countries and I truly do not wish to see this battle take place! Pump up the rhetoric--Then find a solution. Alas--That is a pipe dream! GLTU/A!
I still think we run a bit higher here-look at my post earlier- TVIX under 17, AAPL run into the close (options expiration)
keep powder dry till 15 or below
Good luck !
if they move underground no one has anything that can get to it
Israel is just itching to get in there now and they dont give a rats a.. whether the U.S. says no or not
sanctions are BS
all they do is hurt the people
Iran doesnt give a crap about its population
I will wait, it will happen and I have great patience
Tell u what the Middle East scares me more than Greece by far.Google Boeing and Bunker Buster
they want to try and come up with some razzle dazzle, MOSTLY NOT REAL about Greece, real bad IMO to save everything from going for a crap
i say run it up more..it will fall all that much harder..
then the middle east will blow up , and then its on
Everybody have a nice short vacation.3 day weekend yeah
DJIA pushing up.Next week Boom or Bust
patience is biatch
like an eagle waiting, waiting and waiting
sooner or later, its gonna happen
I'm banking on it!
the guys yelling go long are selling
and the ones saying I'd lighten up, have already sold and gone short
and are saying be cautious
Yep over 330M people in the US and unemployment goes down 13K.BIG SH%T.This market is a house of cards ready to fall I think.We will find out Tuesday anyway I hope.If they dont delay it more.Could happen.
chances are they run this up a little higher now that all are giddy about cracking 13,000
BTW - I don't think a small correction waits until May. Next 5 sessions - JMO
Devil,
If you're sure of a 3-5% drop - why are you out of TVIX? 3-5% drop is probably a 24 on TVIX,no?
I'm still letting my paid for 1k shares run - 14.05 cost basis. Since this is pure profit - is it wrong to hold and wait for the maybe, more than likely, what if it happens in May, drop.
RLB
That's why my powder is DRY... I remember 2009 very well
I agreed with the one dude they had on today
cant remember his name...said sit with cash and wait for the shoe to drop and scoop up the bargains
S & P maybe to 1380 ?
then the Pullback to 1330-1300 then we finish the yr strong.. above 1400
just my thoughts
rick santelli is my fav on cnbc..that dude tells it like it is
the rest of them are completely FOS
all this buy euphoria thats going on has the classic feel of a soon to be major dump-age..
the freakin unemployment number drops by 13k and all are clamoring about how great it is...
that number doesnt include the folks that just gave up looking
did I mention we might have a run at dow 13,000 at close ?
who would of thought that in 2009 ?
80% cash & short term bonds
10% APPL
10% VFH Long term hold
I think it will be positive too.Market is too calm.Now the bond swaps with the CDS's could be interesting depending upon if it is considered a default.Just waiting for Tuesday to see what happens.At 100% cash just in case.
in the big picture I agree. I just think news Mon will be positive. When the Sh*t hits the fan sometime during the year. Look out !
Then TVIX will fly....
IMO
I like AAPL for a 3 or 4 point spike into the close -505 -506
TVIX going under 17
I feel if it gets to 15 or below would be a good re-entry ...
Something is telling me news out of Greece will be positive Mon and off to the races we go on Tues..
CNBC right now comparing this 3 year run to the last tow runs and how those ended up! With 50% drops! IT IS CIMING KIDS!!!!!!!!!!!!!!!
BUY NOW IN LOW 17S FOR LATE FRIDAY RUN?
SQQQ made my day again, got in yesterday at the lows.. Out at $13.34, lunch $$$ lol
Do paper trading or learn it the hard way!
I was referring to technical trading based off SPY 5 min and hourly chart. If you're new to the trading I don't think I can explain more, sorry. It's all about fib retracements and pivot breakouts or breakdowns...
Master, I know you're a man of few words, little time, and many $, but any elaboration you'd care to offer would be much appreciated. I'm new to day trading.
Also have a cash account. Question: do you have separate accounts with the same brokerage as a way to manage around the settlement date? If not, how do you keep different buckets of within the same account (assuming for the same ticker symbol) to manage around the settlement date?
Thanks in advance for your input.
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