A 70k bet that I can't make a 50% gain in 2009

Quote from geez:

Playing the 5 min higher low after it retraced 100% of the last 5 min bottom.
The daily chart is oversold and gapped down this a.m. into a prior support area.
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You are still staying long. Geez...:D
 
Quote from traderyin:

You are still staying long. Geez...:D
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trying to catch some of these oversold stocks, but the fear doesn't look over....:eek:
 
I almost took QID at 66.10 as a hedge against the 2 longs I have going ,but I think my ego got in the way.......
Not good trading for noobs reading this:
The market has a TON of pressure on it.
I have 2 longs going.
The QID sets up a 5 min buy 14:08.
But I don't take the hedge because I don't want to be wrong about my2 longs......
Lesson learned everyday
 
03/03/09:

Tues am:

The daily charts are getting alittle oversold, but I'm still looking to short rallies.
As for today I will keep an eye on RMBS and AMGN for the long side and will monitor the indexes on pure scalp mode in either direction....With the gap up there may be an early short to play.
 
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