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Good thread, risk free nice counter trend trading. Back to lurker status.:)

The best traders get caught with their pants down on earnings, very close to gambling due to the x or y outcome. Stop it already, for the last time you need a daily loss limit. Last post.:mad:

Anyone catch this at $155 after hours that would have been a trade $163.00 now.

Another good trade, I was going to mention that DeMark has some information on establishing a buy range for options. The basic idea is to buy calls or puts that have declined 48% to 55% (no more, no less) are a good buy. There are other rules but I don't want to divulge someone else's hard...

Thanks gap filled to the penny, those MM's will take it where they want it. :cool:

out 162.25

long 161.65 area, dollar stop.

gap filling here will look for a scalp reversal.

CME

Your drawdown is less which means your entries are better. The less drawdown the better; you may notice some of your better trades are when you catch a trend. This is where the pros step on the gas and get back all the knife cuts and commissions. Your drawdwown since the 18th looks good with...

aapl....aapl......aapl.....will close at ???????????

http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/eia1_2005primerM.html The average schmoe (myself included) is probably filling up for $100 a week if he is lucky, so $5,200 annually. 20% of $5,200 is $1,040 per annum. There are at least two rebate checks there. All I am...

McCain who I am not really a fan of was the first politician I have ever heard bring up the idea that the taxes on gas could be lowered (never going to happen). http://www.americanprogressaction.org/issues/2007/house_oil_contributions_all.html

Typical WSJ crap, first line tells us how we should be impressed by his estate; then that he got it by stealing. What is the message here; that shady characters can get rich? BFD.

"Given the limited number of traders who ultimately experience profitability, few other fields have more published rules and guidelines than trading. After all there's no book titled Idiots Guide To Trial Defense. We've been inundated for decades with the old saws about cutting losses quickly...

Goog is up 96, looks like its going for 100 point day, ouch on the short side, no quarter so far.

nice scalp.

I am tempted here but am waiting patiently, the market will do as it likes, your job is to mirror the market as Jim Sloman says. :)

274 contracts per day, this is a broker's wet dream!!:D

139.00 touched on the spy, bounced right off the line, will be interesting to see if the market can get above this resistance.