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Thus far, today has been constructive as recent heady gains have been consolidating. Joe Baker refers to these as "inside days" since they mostly traded between the BO (breakout) and BD (breakdown) levels. We still have a half-hour to go, however. :confused:

Here is a covered call trade. Wednesday, December 10, 2008 3:25 pm EST Bought 500 shares of YGE (Yingli Green Energy Holding Co. Ltd.) at $5.00 (ask). Sold (5) YGE Dec 5 (YGELA) call option contracts at $0.50 (bid). Stop Loss: $4.50 Usually when these don't get stopped market...

Further analysis of trades: $860 loss could have been just $230 ($300 STOPPED loss and $70 gain) or even VERY profitable had I set my STOP more accurately and went with my conviction of the head-and-shoulder pattern. Once it broke lower - 6 points on 3 contracts is $1,800. So r/r was...

Despite the drops (which was the case early, yesterday) the indexes have yet to cross over into BD (break-down) zone. "We shall see". pay$

Just to clarify above haphazard trades. . . Closed SHORT 2NQ trade for $70 profit. Closed (1) SHORT 3EMD trades for $300 total loss Closed (1) SHORT 3EMD trades for $210 total loss Closed LONG 2EMD trade for $400 loss. $860 total loss With first 3EMD trade (at the time) the loss was...

In lower-margin account LONG 1TFS is was hedged with SHORT 2NQ and I had closed 1NQ earlier at a higher level :eek:. I added it back at the lower level. Hedged well enough for the plummet! I had previously closed LONG 2NQ in higher-margin account and replaced it with 1YM LONG. With...

BTO 2EMD @ 513.40 STOP 511.40 Profit target: ? This was 3rd trade and was STOPPED. Told you I suck at day-trading. Anyway, analysis - (see above regarding not wanting to trade this day, yet LOL) Now what? Well, indexes although pulling lower (looking a LOT like yesterday's...

I take that back. Head-and-Shoulders pattern: STO 3EMD @ 511.8 STOP 512.8 Profit target: ? Also STO 2NQ @ 1218.75 STOP 1225.75 Profit target?

1:25 pm EST Thus far here is today's take: Ho-hum. Not willing to trade any of this precarious low volume chop. At any point in time it can go any way (based on my pure PA analysis, infantile I admit). Traders are back from lunch and more ho-hum. Where is the conviction, man! Just...

:D "Why ask why? TRY Bud dry!" :eek:

JB: Is that a double-bottom base from the indexes (the second leg lower to shake out the rest of the sellers). A break above in higher volume could indeed portend to a fortuitous rally!gA (perhaps) :eek:

You still have not posted a p/l. Are you stock_trd3r's Pop? I admit I did learn one thing from you, Mr. "Row". All this time I been typing the code for "Quote" - all the while thinking how other's must have it easier than this! Then I seen the "Quote" link next to "Complain". Now I can...

I find it quite interesting that <b>Cutten</b> did not get very many replies. Could that be that most here on ET do not strategize for a long-term APR? Well duh! They are mostly day-traders. So this begs the question for the rest of us: Where can I find a forum that can be similarly...

Hello WILD Bill. I'm glad you have taken a peek at the thread. I didn't notice you bearish call yesterday, otherwise I may have had a much better time of it!p$ :confused:

Covered calls anyone? Yeah you IRA investors. I said I manage a total of (6) trading systems and cannot let you not know what I will be trading in them. This year my low risk approach is up 25%. It does not profit from downtrends, however the phrase "cash is king" has applied. Take a look...

Well another night (during this high vix - volatility index - period) goes by and open LONG e-mini future contracts are fine. Yep - no hard STOPS, but light enough not to cause too much concern. Tell that to my REM sleep! Anyway, perceived strength continues to be just that and overhead...

The market seems to temporarily be stabilizing. I think if some real good news came out it would wasily usher in buyers and move substantially higher. But I do not (mostly) trade off what I <i>think</i>, but in what I see. :)

Finally done with evening analysis. Bullish MACRO trend bias continues to look positive so I BTC 1NQ (remember "hedge") in one account and BTO 1NQ in other account. Ultimately I'd like to phase into 3X the 2NQ position in that account - if the market allows. Here is the calculation...

I voted <b>Cutten</b>, but the problem remains: What strategy can average an APR for that long? Answer: it has to be designed as such (as mine are) to take into consideration. . . a) will there be an economy? b) will people be working? c) will companies continue to try and profit...

Hey "Master" Rowshan - R U stock_dumdums father? :confused: fyi ST: "break 920" means to the upside. sheesh! <b>Hey "Row" - post a p/l so I can see your "success".</b> Question: do ET polls lean toward accuracy or are they typically contrarian? Mr. Row should really do a poll...