who cares? Why even have an opinion about the future of the economy? All I know is the MA's are rising, we are above that big line at 32.89 on the Q's, and more advancers then decliners today. Furthermore, we failed to take out Thursday's gap higher today and the financials are leading the way...
I think what he is saying is (correct me if I am wrong) is when do I sell winning trades. If that is your question then my responce would be when the price action breaks an important trend line going in the wrong direction.
your crazy, not only will your low credit score ruin your life, they will take away everything you have, and if you trade for a living, that means you will no longer be able to support yourself. I'll keep my platinum card and my high credit score, thank you.
I have been trading with Fidelity for the past seven months or so, and I was planning to move to Think or Swim soon. But just today, I get a letter from Fidelity that I am getting kicked out of Fidelity. The only thing I can think of is that I started my account by handing in stock...
no, both the FAS and FAZ are at their lows, anything with that much leverage erodes over time. The better strategy would be to short both as soon as they were issued.
I find that it is much easer to find someone who is consistently wrong then someone who is consistently right. I know someone who started trading with 4 mill and ran it down to 100k before giving up. My idea is what if I were to hire someone like the last person I mentioned and pay that person...
why wouldn't you get long when the market is going up? why wouldn't you follow the trend? Are you so rapped up in your own ideology and beliefs that you refuse to follow this rally? I believe I want to make money, up, down, sideways, I don't care.
I would never advise anyone to get into a leverged ETF for the long term. If you want to get in long term go with DRYS or FCX.
If you are looking for a short term, long commodities play, go with the ERX