Replies to post #207979 on Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

You held over not just night but the weekend? I'm not that brave yet. I'm flat by the close. The only reason I can see for holding over night is to try and capture a gap, but that seems like more risk than it's worth. Are you daytrading them or trying to swing trade them?

I managed 20+ points today. I'm daytrading like crazy. I probably did 12-15 trades of two contracts to get that. I figure when making that kind of money, the commissions aren't enough to worry about. A small cost of doing business. I'm looking at the whole thing as free money. How do you invest only $4000 and get any kind of decent return everyday let alone 25% in one day. I'm just stunned. This has got to be one of the better kept secrets out there. So if I spent $50-75 in commissions, who cares. I'm using what is essentially "excess" money in my account that wasn't enough to do a trade with, and turning it into my most profitable trading vehicle.

Can you tell I'm liking trading futures. I thought it was going to be harder. Right now I'm just hoping it's not beginners luck.

[federal reserves]

Hawk> Good observation.


Lets see how long Friday's trends last and if they continue...

Gold (down). (new 2004 yearly low).
Bonds (down). (Japan steps back?)
Dollar (up). (double bottom?)
Stock Market (down). (double top?)

The raw commodity price inflation since the March/03 bottom is raging upward through the pipeline now. In the old days when industrial commodities rose that much in a 6-9 month period the SM was a clear sell. Margin squeezes. For example crude prices are now showing up at the pumps with record gas prices coming with the CPI soaring this month. Its set to rise by a similar amount next month IMHO with import prices up 1.3%. The BLS hasn't released the PPI this past month. Something smells with that. Rumors that steel in short supply, copper too. All this caused by China, where inflation is upwards 4-5%.

Are policy markers going to try and cool this off? We are also only 1 good above trend labor report that features a spike in wages away from a rate hike.