MyMiniTrading

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Quote from myminitrading:

I guess when I look at this chart it just tells me trade from the long side.


http://stockcharts.com/charts/historical/djia1900.html
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That is a very nice looking chart. What I thought we were talking about was intra-day movements. Long-term for me is 30 minutes. I agree with you that over the long haul the markets will appreciate. However, I'm trying to capitalize on the movements intraday. The question needs to be asked if you believe that all you need to do is be on the long side, why not just park your money in some nice blue chip stocks, solid mutual fund, or just keep buying futures and rolling them over?

-Nick
 
Quote from Trader273:

That is a very nice looking chart. What I thought we were talking about was intra-day movements. Long-term for me is 30 minutes. I agree with you that over the long haul the markets will appreciate. However, I'm trying to capitalize on the movements intraday. The question needs to be asked if you believe that all you need to do is be on the long side, why not just park your money in some nice blue chip stocks, solid mutual fund, or just keep buying futures and rolling them over?

-Nick
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What I need to do is get over my fear of shorting. I spend more time sitting waiting for the intraday downtrend to reverse so I can get long. Yes I need to work on that short coming.
 
Is that it, is this all the bulls can do, with all the headlines reporting this major capture in Iraq. Rally up from a new low set overnight back up to resistance. You would think the futures would be going nuts and short would be covering, hummm real disappointed.
 

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Quote from myminitrading:

Is that it, is this all the bulls can do, with all the headlines reporting this major capture in Iraq. Rally up from a new low set overnight back up to resistance. You would think the futures would be going nuts and short would be covering, hummm real disappointed.
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Man I keep forgetting this June contract is about to expire in 5 days who would be buying this contract other than day traders?
 
My facetious remark of the day: Try turning your monitor upside down :D

Quote from myminitrading:

What I need to do is get over my fear of shorting. I spend more time sitting waiting for the intraday downtrend to reverse so I can get long. Yes I need to work on that short coming.
More...
 
I am going to work this a little different and will hold overnight with stops in place. That is if I dont get stoppped out today, nah that wont happen wont even come close, short term bottom is in, and I am looking for a 300 hundred rally, market may close up today.
 
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