Quote from 1flyfisher:
I'm continuing to be Selling into Rallies.
This is a Bull Trap in a Bear Market Rally.
There will be further write downs for the financial s, that will drive the markets lower, the housing sector will see further price depreciation in home prices, consumers will continue to be squeezed do to falling home prices and an inability to tap home equity, we are entering a recession.
I trade the market on both the short and long side as I see appropriate.
Quote from cddistance:
As others have stated, for day traders shorting and buying are both viable options. The market was zooming up today but my big winner was a short. When you trade stocks that have high interest they tend to trend away from the market minimizing risk of having to make trades in concert with general market direction. I congratulate you on the correct call of a rally this week. If you maintain that track record of correctly picking market direction you'll be rich in no time.
Quote from day7793:
Thank you.
I also happen to make 5-10% monthly returns in options trading based on Technical market analysis.
However I must admit my stellar record has been more than tarnished in January, February 2008.
Quote from jjk2:
raelly? omg why are you wasting time on ET?! go to your bank now and tell them about your awesome system you purchased off eBAY. you can start a hedge fund, you will make billions why waste time here?