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Trading is the best job anywhere! I love being my own boss I love the huge income potential I love the excitement and gratitude of closing a winning trade I love the freedom of being able to take time off anytime I want to I love the 20 second commute from my bedroom to my trading...

Cashed out of ER2 at 662.60 Will look to buy back in at a discount cheers,

you may be right. I just cashed in my short position at a very small loss. I'm tired of fighting this market. Went long on ER2 at 660.5.

Dive, dive, dive a/d 1-2 Damn's gonna brake soon

Upon further review, I noticed that Oct 14 was the day right after the short-term low of Oct13. So That might explain some volatility, with the markets bouncing off their bottoms. But I'm still expecting some good action Tuesday after the last 2 very slow trading days. cheers,

with both the Retail Sales and PPI reports being released at 8:30 est. We can certainly expect to see some volatility in the first couple hours of trading Last month on Oct 14th, when both reports were released at the same time, the Russell 2000 gapped up .60, then quickly reversed down...

yes we are over-BOUGHT doh!!

fwiw...It's obvious that the markets have risen sharply and are TECHNICALLY oversold. but I am somewhat cautious about shorting now. There has been a lot of FUNDAMENTALLY excellent news recently. GDP up to 3.8% Unemployment is excellent last 10year treasury auction turned away lenders...

One day I'm going to open a small separate account and go hyper-aggressive trading it. It will be interesting to see how it goes. I've often wondered how profitable it would be. Probably would be a fun ride, that's for sure.:D But I could NEVER use that tactic with my main bankroll...

I think it's time to take an early weekend...:D Today's market is not worth the trouble

methinks a good time to go short might be on Monday morning, after the amateur hour drives up prices....

Bravo!!

Well Let's see.. GDP is excellent Unemployment is excellent Corporate earnings are excellent The Us Dollar is up 14% this year. Terrorists appear to be shifting their focus away from America to easier targets in Europe. Apparent Market Confidence in new FedChair Bernanke...

I used to think the TRIN indicator was the holy grail. After all, volume leads to profits, right? But after it lied to me repeatedly, I had dump it. It cost me a lot of money to realize the TRIN has very little use for day trading.

Here's the thing about Fibonacci. Whether you believe it works or not doesn't really matter. What does matter is that many traders swear by it. It works because people think it does and trade accordingly. It becomes a self fullfilling prophesy. Therefore, its important to watch...

'nother one wow this one hit over 1400!! that's about as big as they ever get

We've had many buy programs hit. I monitor the TICK and it's gone above +800 an awful lot today. Looks like the big money is pushing us back up Sentiment could be turning bullish again after the market consoldated from its recent gains. Damn, another buy program just hit as I'm...

couple nice fat buy programs just kicked in Tick hit over1050

Are you short because of technical or fundamental reasons? Anything you would like to share?

I got burned on the big move up today. As best I can tell, it was caused by heavy short covering in the energy sector. The move occurred shortly after Oil spiked up a dollar in just a few minutes and settled above $60. Until now, the market appeared to have a negative correlation with...