Mark my word right now is 3-2-08, tomorrow dow -300

The market didnot go down 300 as this posted was started by an idiot who was " fortune -telling" his way into delusions yesterday.

The market closed down 7.49 and SPX up in green 0.71.

Both indexes bounced off the support line running east to west. SPX showing a hammer on candlestick charts , meaning the down trend is over and a reversal is in order.
 
Quote from lwlee:

Okay, so the short positions are about flat, that is, if you didn't bail.

Now the question is, do you continue to hold? Market will test your resolve.
The NYSE Composite Index support level is built on 3 highs and then 5 lows in the past 17 trading days. I think it will take some bad news to break through that floor.
 
Quote from day7793:

YOU call this trading? I am real proud...

Yeah, I just hate it when I only make 188.00 after a few minutes. For some strange reason, I think that just might be higher than your present income.
 
Quote from HolyGrail:

Yeah, I just hate it when I only make 188.00 after a few minutes. For some strange reason, I think that just might be higher than your present income.

That is pretty much guaranteed. I feel like those that talk the most and shout the loudest are usually the least likely to actually have a real account and/or successful trading.
 
Yes I do, did it several times on the ES and with the stocks I traded today I finished up $1265 net.

Quote from day7793:

YOU call this trading? I am real proud...
 
Quote from HolyGrail:

Yeah, I just hate it when I only make 188.00 after a few minutes. For some strange reason, I think that just might be higher than your present income.


You guy donot make much and its obvious. The problem you are trading E minis scalping. If you learn how to use options, money flows in greater quantities. There is no scalping and daily register ringing.
 
Quote from Cocaine:

Yes I do, did it several times on the ES and with the stocks I traded today I finished up $1265 net.


$ 1200 ? That is your take on a profitable day. What about those days when you end up $3600 in the hole? A day laborer does better than you can. When you average it out -comes out something like minimum wage I suppose?
 
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