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It is possible. But the key is that you have to turn your 5k into an account of more signifcance (100-200k). However, there are some that make a living off of 25k deposit with prop firm where they can trade 25-1 day trading. I started with 3k at a prop firm a little over 5 years ago and now...

I think you are right. All the funds came back to work after the new year and hit sell button all at once. Oil i think will bounce back over next 2 weeks. Natural Gas however seems ruined for 2007. The resulting under investment will cause a new Bull market to start in Sept 2007 which...

lets hope Hal does better than NBR did which he pumped all last year. He says Hal is cheap. But all those co's are. Many have 6-8 forward PE's. Not sure HAL is any cheaper than the rest.

maybe consider putting on a pair against your losing position until you get a better handle of what is happening. Often you don't want to panic and sell just because your stock has fallen as it may pop right back. But at same time you don't want to be frozen. So try shorting a similar stock...

6 months might be a good guess.

Isn't that 40%?

That was much better than i expected. good post.

Found this article interesting. http://www.oilintel.com/newshome.cfm?news_id=1257&action=showstory

Supply cuts do not make price go up. The fear of not having enough spare capacity is what makes prices go up. This is why this rally could be short lived. Knowing that OPEC can turn back on the spickets when prices go back up... will keep prices from going back up. I don't know where...

What about the 340 million barrells in storage (record). Shouldn't we use some of that up before we hope for prices to go higher? There is so much oil on the markets that opec is having to shut down production. This is bearish. Because now we not only do we have to work through the...

Its much more of a case of VLO and SUN being very undervalued than HOC being overvalued. VLO PE 5.8 and HOC PE 11. The relative valuations are way out of wack. For whatever reason, HOC is getting a high valuation and the rest of the refining sector is in the DOG HOUSE.

Furthermore, should midcontinent refining margins ever fall back closer inline with Gulf Coast refining margins, EPS for HOC would fall 25-30% and HOC shares would probably be crushed. I think there has been something of a diesel shortage in HOC markets over the last 6 months which have kept...

HOC appears to be the most overvalued oil refiner. Even after adjusting for its cash position and ownership of shares in HEP, HOC trades at over $20,000 per BPD refining capacity. This is nearly double the valuation of VLO and SUN. HOC only has 2 refineries and offers little...

Friday is almost always up day. But because the market is up 10 days in row, maybe this year it will be down? So instead of rising to 1410 friday, maybe we will fall to 1406? :D

Nope. Last year tuesday before thanksgiving SPY had a 1.10 range.

was it an NR1000000 also? Narrowest range in 1 million days? I'm curious if this was tighest range ever percentage wise.

This must be some sort of record on a percentage basis if not on actual 36 cents. Today was really something seeing the S&P500 in less than a one point range for 4 hours. Now I have seen everything. Can anyone verify if this was a record. Thanks.

do you realize it is supposed to snow next week. Colder than average. Big oil needs to make some profits somewhere. They have agreed to allow OIL and gasoline to trade down for the elections. Perhaps Bush has given them permission to make up this lost revenue with higher Nat Gas prices.

No pink bunnies allowed in the trading room...for starters.

My experience is that major intra day moves in stocks are extremely rare. It is extremely rare that co's issue news during the day. Sure it happens. But i've been trading every day for 4 years and i think only once or twice have i been hit in a major way because of a news event intraday. By...