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

Quote from geez:

10:16 500 DXD BUY 68.00
STOP 68.60
TGT 68.80
More...

On the 5 min chart I am buying the small pullback at the 10:15 bar( I use candlestick charts)
My bias is short today, weak market, gap down..so this is the first pullback to get short...(or buy DXD)
 
Quote from geez:

10:16 500 DXD BUY 68.00
STOP 68.60
TGT 68.80
More...



DXD only a trade, would sell any gains and buy back cheaper, I see the DOW putting in a small rally soon back to 7800, DXD is a strong buy at 60 or less not at 65+
 
Quote from geez:

02/17/09:

Daily charts of SPY and DIA look short, and we are gapping down this a.m., so it will be hard to get into an early short.

I may try to find a stock holding well to scalp long at the 1st reversal(on the 5 min charts), but for the most part I will be looking to get into an index short(or buy DXD, SDS, FAZ..etc)..
The key for today will be waiting for that setup....wait for the short to come to and don't chase........
Of course all goes out the window if we rock straight up from the get go!!!:)
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Why are you getting into DXD, SDS and FAZ now, this is a day to be SELLING those Ultra short ETFS not BUYING, you were suppose to be buying these at dow 8000++


I sold all my FAZ in my IRA at $58 today, still holding a small position in my other portfolio, sold off my SMN @ 41.50 and SKF @ $160 as well. TODAY IS A DAY TO BE SELLING INVERSE ETFS NOT BUYING!!!!!!!
 
Quote from S2007S:

Why are you getting into DXD, SDS and FAZ now, this is a day to be SELLING those Ultra short ETFS not BUYING, you were suppose to be buying these at dow 8000++


I sold all my FAZ in my IRA at $58 today, still holding a small position in my other portfolio, sold off my SMN @ 41.50 and SKF @ $160 as well. TODAY IS A DAY TO BE SELLING INVERSE ETFS NOT BUYING!!!!!!!
More...

These are just intraday trades and the direction is lower(that my charts say), I am only looking for a .80 move, not an IRA holding.

If I'm wrong I am only risking $200 and moving on to the next trade.
 
Quote from jim c:

68.59 s/b 67.59 ? I like your journal. keep it up. jim
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yes...67.59, but the loss is 218.42 still

fruedian slip, wish it got to 68.59.:)
 
Quote from geez:

10:57 500 DXD BUY 67.56
STOP 67.16
TGT 68.36
More...

Bought the pullback on the 5 min chart.
Gap up and holding, still buying pullbacks(on the short ETF's), bascally selling short rallies as long as we hold this initial move up, like we are right now.

Is the input helpful??
 
11:25:

FAZ 5 min chart is a setup that I like to go long here..FYI
already in 1 trade during lunch(a time I don't like to trade) so not taking it
 
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