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I played the June calls to assume a little less risk but still be exposed to the set up I thought would happen. I exited the position on 2 trades as well as entered the position on 2 trades. Total profit was about 32%. One reason I exited the trade because the bounce happened just like I had...

You can read charts until your blue in the face. I have learned through my 13 years that when the trader intuition is alarming you that you have seen this before many times to go with it and play the percentage in your favor. The 3 day margin rule is one of my favorite setups. Works 80% of...

out position a few minutes ago. Nice setup and played my plan and was handsomely rewarded.

stop is set at 1.50 which would be a .75 cent loss on the option. The bounce imo will start tonight and move throughout the day tomorrow.

The bounce started today, built a nice one day base and will continue on Monday imo. We should see 36-37 on Monday.

This was not meant to be a pissing match between longs and shorts. I just wanted to catalog my entry and exit. It was also meant to teach the newbs on the consistency of the 3 day margin phenomenon that I have seen so many times. Today still could end up RED but over the weekend and Monday is...

He bought at .10. It was well publicized LV Jul 2011 25.000 put (OPR: SLV110716P00025000 ) Last Trade: 0.72 Trade Time: 3:42PM EDT Change: 0.47 (188.00%) Prev Close: 0.25 Open: 0.33 Bid: 0.70 Ask: 0.72 Day's Range: 0.33 - 0.72 Contract Range: N/A - N/A Volume: 15,448 Open...

just to keep it fresh......

I have crazy respect for the guy who laid out 1 million dollars 2 weeks ago and bought 100k July 25 puts on the SLV at .10. He is now up 6 million on his position. That takes stones.

The high volume also suggests a reversal. :)

the key is Monday. It will be the 4th day of margin liquidation and in my experience the effect last only 3 days with the 4th being the bounce. I would rather be early than late on this train. Its a rubberband effect I am looking for.

Have a friend down 150k on a SLV trade right now (intraday) and he is holding strong or dumb, depending on your side.....

silver down 25% in one week, most since 1983. Even though it was overbought the margin sellers that had to sell are on the 3rd day now of liquidating. This is the bottom. 33-34 is a buy imo for a bounce to 38.

So I just loaded up on June 36 calls on the SLV. I have seen this too many times when an oversold condition like this slingshots back on a one day nasty rally. I am in for the double. Position is at 2.25 and I put about 50k total in them. I am looking for a double. SLV will most likely move...

I went forward in time and found out for all you SPY traders that the SPY will be at 141.52 at the close of business on July 29,2011. Your welcome.

The poker websites are accessible. I do not see the domains seized for now.

Ahhhhh, you have to love over regulation!

I recieved that one as well this morning. Gave me a good chuckle. Especially the random chart pattern that kind of resembles NFLX.

opportunity is always seen when least expected. There will be more stocks to trade, no doubt.

The volume will move into another stock. The traders won't go away they will just adapt to a new stock. Either ALU or S imo.