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Just bought 50 DRV @ 11.95 I'm still short 30 SPY.

Strong logic, man. He's just making small talk. Theres nothing wrong with discussing what may or may not happen...

Still short, I knew when I put this trade on that I would probably take some heat. Market is reverting to the mean right now... not worried. If we close at highs today, I will look to see the market gap higher on Friday, in which case I will add to my position as I expect there will be heavy...

Thanks Sidw. Short spy at @ 132.7 Stop is ~ 134.5 area. Don't know why it says I got filled before the chart reached 132.7... Looking to hold this for a while, preferably down to the 124/125 area. Uploaded with ImageShack.us

I do not see any reason to be bullish right now. This is what concerns me: - Budget deficit *Increased taxes and spending cuts will enact contractionary forces. - The housing market is shit and its recovery has stalled. *Risk of housing crisis, round 2. - End of QE2...

I very much agree... it pertains to what buffet said (I think) "don't lose money"

Forgot to add: Starting capital = $2670 Spy short trade = +$113 Current capital = $2780 Goal.... $3500 +4.1% account gain on trade and since start of journal. (Figures may be a bit off due to commissions and an 18$ options contract I am still holding)

I covered all 38 shares at 38.61. Last night I said I would cover half of the shares if spy gapped down over .5%. I did not do this because spy opened below its daily trendline-support. I then figured spy would trade lower to test the 100sma on the daily chart. I left for my 9 o'clock...

I'm still short heading into Monday. If spy gaps lower tomorrow morning by anything more than .5%, I will cover half of my position. I have been working on letting my winners run however, so lets see where this week takes us.

Psychological reasons are why traders fail though. Psychological factors are part of the reason there is support and resistance in markets. Psychology, in my opinion, is not irrelevant and I believe 90% of traders would do better if they traded using less capital. The problem with many people...

Holding overnight, stopped out when 60min candle closes above trendline. Also, commissions are $1.00 per 100 shares. Uploaded with ImageShack.us

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Hey all, I've been trading stocks for a few years now and in February I started trading options. I don't believe in paper trading and believe the best way to learn about anything in the market is through using real money. As a result, I've learned a lot recently, but I'm down nearly 25% on...

Hey everyone, I’m quite the lurker, but was hoping some of you could help me out with this. Within this past month I have decided to open my first options account. I made the decision to do so in order to utilize the leverage and hedging abilities options provide. My question is...

Stop trading until that urge goes away; then wait a few more days. It's a lot easier to lose money than to make it back.

Anyone trading this? I sold the new's today. Could be a good one long term though, especially if oil keeps heading north.

60 min chart is just crazy...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=213015 there ^, why dont you post in the thread you already made?

as of about a minute ago i bought 134 march 11 spy calls Edit: not many though

link?