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Many of us are strictly daytraders or would like to be. Longer term trends are secondary.
Problem is 2 points make a line, but is it a trend.
FAZ looks like a better buy coming off the lower. Illustrates the problem with the 5 min in a narrow channel
FAS is a finally a buy on the 5 minute as its almost to the upperbollie.
Only about 8 weeks to Boston. Regarding my trade station get ready to laugh, I've got 3 laptops. Kind of like it, very portable.
I will confess I bought FAs on the bounce at 17.07. I didn't learn that at a Monkinar. I have also been exiting trades at the top of trendlines and not waiting for exit signals. Finding it difficult to make the 5 minute chart work following the rules this week and last.
I don't think it's you as much the 5 min chart in this market. Just not working well.
That would be great. My brother is going to Colorado and Boston as well. I lived in the Charlestown Navy Yard for 5 years, could see the USS Constitution and the Old North Church out the window. Great City.
Yeah I know. I'm just jealous I want a 1 minute. I broke down his morning and bought FAS way early on the bounce off 17. Looks like the 1 minute had an entry around 17.15?? Looking forward to Boston.
That's so weird. FAZ is down in the midwest.
Interesting article for you CDIV posters that work for hedge funds. Stop workin' for the man and put your skills to work.
How To Start A Hedge Fund
When it comes to starting a business, the world is your oyster and if you choose the right endeavor, it can yield quite a large and valuable pearl. One way that some people have elected to earn a living, and quite a comfortable one at that, is by starting a hedge fund. In 2009, the highest paid hedge fund manager earned $4 billion. Clearly, there is money to be made in this industry if one knows how to start.
The first and most important step is to find people to invest in the hedge fund. The fund manager earns a living from the performance and management fees charged to clients. A typical management fee is between one and two percent of the total fund and the performance fee is approximately twenty percent of the fund profits. Therefore, it stands to reason that if a fund is too small, it will not provide enough income to be the only occupation.
Since the investment sector is one of the most regulated U.S. industries, starting a private investment partnership involves a lot more steps than does starting a retail shop. An accountant and a lawyer should be retained for consultation purposes. The accountant can also serve as the auditor for the partnership.
These professionals will help the entrepreneur prepare the partnership agreement. They will advise whether a U.S. or offshore hedge fund is recommended. A prime broker should be obtained so the fund can execute trades and this will cost between $25,000 and $90,000. To keep the focus on investing, hiring someone to handle the administrative work is recommended. A compliance consultant will perform these duties for approximately $15,000 or the back office can be outsourced to a company that handles such functions.
All of this may sound relatively simple but there are more details and requirements regarding each step. The entrepreneur should conduct in-depth research and seek advice from professionals in the industry prior to starting this venture. Though this will take some extra time, it will provide the individual with the knowledge necessary to obtain the best investors.
Tell me it ain't so. Who is writing the rules here? Nitwit?
Or the lowest rung.....philosophy.
DOW still holding 10k. 4th day in a row financials down.
Such a clever wordsmith. This must be the answer to the question "What do you do with a BA in English?".
Thanks xbig. Excerpt from Wiki on "hypothecation". Read to the bottom.
Hypothecation and re-hypothecation, respectively, are commonly used to describe the means by which securities brokers and dealers first extend credit on margin to their customers using pledged securities as collateral, and then pledge the client-owned securities held in the client's margin account as collateral for the brokerage's bank loan. In this example, hypothecation describes the posting of collateral to secure the customer's obligation to the broker; rehypothecation is the pledging by the broker of hypothecated client-owned securities in a margin account to secure a loan to the broker from a bank. This common use of the terms hypothecation and re-hypothecation is technically inaccurate, since the pledgee of the securities collateral, in the case of the broker, may be deemed to have possession of it.
While rehypothecation is not permitted in some jurisdictions, it is common practice in the United States, generally under the terms of a written collateral agreement that explicitly permits it. In addition to the re-hypothecation of a securities broker-dealer's collateral by re-lending it or posting it as collateral for one of its own obligations, another means of re-hypothecation is the repurchase agreement (or repo). In a two-party repurchase agreement, one party sells the other a security at a specified price with a commitment to buy the security back at a later date for another specified price. Overnight repurchase agreements, the most commonly used form of this arrangement, comprise a sale which takes place the first day and a repurchase that reverses the transaction the next day. Term repurchase agreements, less commonly used, extend for a fixed period of time that may be as long as several months. Open-ended term repurchase agreements are also possible. A so-called reverse repo is not actually different than a repo; it merely describes the opposite side of the transaction. The seller of the security who later repurchases it is entering into a repurchase agreement; the purchaser who later resells the security enters into a reverse repurchase agreement. Notwithstanding its nominal form as a sale and subsequent repurchase of a security, the economic effect of a repurchase agreement is that of a secured loan.[1]
The possible role of rehypothecation in the Financial crisis of 2007–2010 was largely overlooked by mainstream financial press and commentators, until Dr. Gillian Tett of the Financial Times drew attention in August 2010 to a paper from Manmohan Singh and James Aitken of the International Monetary Fund that examined the question[2].
Thanks for posting that.
Hope it had a lot of Mercury in it.
zzlolzz, palindrome
The noise here at CDIV are either paid by the hedge funds who are short e.g. tidy bowl man or they are small traders who make money flipping. CDIV is especially attractive to these 'parasites' since they know the bid is supported. Sorry for the answer if that was rhetoric??? lolz
Size at bid. It won't go below .10. Call me Ishmael, whale won't get me in the end.
If people are willing to share, how many trades a day (round trip) are you making on the 5 min or the 1 min? I made 1 trade today. The most I've made in a day is 5. All 5 min. Thanks.
Very nice on a difficult day. How many round trips?
Close only 4600 Euros short.
Makes you think the all noise is from a single source. Or maybe they vacation together. Picnic by the cross Bronx expressway.
Did you build that? It's great.
That was a joke. I'm a scientist, my husband is a scientist and we pay someone else to fix the toilet. I can do tile work. Regarding peace and economic stability, history is against us, maybe Miss America, she always speaks highly of world peace. Nice weekend.
How many scientists do you need? Useless liberals can't even fix a toilet.
If you believe that this slides down to your sub .10 target. What makes you equally sure that there will be a market for your 100k shares? They don't always bounce.
Oh read that wrong 103k thought it was 303k.
Spoke too soon. What better time to sell and be had, or manipulate the share price, than a Friday after 3 in August. Maybe Wednesday before Thanksgiving...maybe, maybe not.
"History is the polemics of the victors." Google says Churchill, should have known.
Seller not pushing today. Wait for volume.
Selling seems to have stopped. Wait for a slow day in mid-August to try to dump 50k shares over lunch. Brilliant.
I agree that there is no bid support. But the volume and $ isn't that much, 25k??
Seller with poor timing wants out.
My mistake.
I think the green was well below red when you wrote this message? Rules?
Why nit pick? Common parlance to interchange hedge and mm. They work together naked shorting many companies into a huge effective float and concomitant negligible share price. Usually no cover is necessary and profit on their books is used as leverage. The SEC regs are circumvented by shuffling shares between each other often via offshore financial entities.
Then again maybe not. He.