After 40 days and taking every trade (within 15 min max of alert) my win loss record is 45% wins with average gain of $148 and 55% losses with $199 average loss, with average of $1,500 invested. Total loss of $750 so far. Holds losers and doubles down, while taking profits quickly; also is...
A nice 200 point Dow retrace would be a good long re-entry point. The Friday GDP release could be ugly at 1.5 vs. 2.5 consensus and get us down to a nice buying area.
My brother in-law got 6 months severance pay a year ago and waited until the last minute to look for a job. 6 months later he's still unemployed. I would take the bird in hand and explore possibilities elsewhere while fully employed; but I'm the conservative type.
edit: you have a...
I wasn't asking...I was telling you the correct analysis that applies to this situation. I might change my name to "LivingRich" as the antithesis to your advice.
I had that happen on my buy limit orders outside of regular hours. I was short the Sept YM contract and had a buy Limit order at 800 points below my entry (in anticipation of another flash crash), and during regular hours it was fine but if I adjusted during the after hours it says outside of...
The market has always been at risk for this. Market Makers were supposedly the back stop before the electronic exchanges but they were always cowards too, and bailed when the bullets started flying. The only entity to provide a real backstop is the government and always will be. Who do you...
I just closed on a Duplex 2 weeks ago that we agreed to sell in September of 2009. The bank had all kinds of problems with Fannie and new regulations. Almost fell through a couple times with one of the bank's best customers. I wouldn't count on anything these days involving banks.
If I...
Public schools are controlled by unions and are therefore WORTHLESS. They are used to create the baby killing democrats of the future by continuous leftist brainwashing so shut them down!
Homeschooling or a good private school is the only way to go in this corrupt society and produces...
The economy will be back on its knees if there's another financial crisis, and it appears to be unavoidable. The banks are bankrupt and living in a delusional state with the new Madoff accounting rules keeping the sheeple feeding peacefully on the hillside.
Within a year Obama will need to...