stock, would you even consider hedging? I know making money in a down mkt is outside your skill set, but how about selling calls or shorting an index? Keeping you're head inthe sand and praying is just kind of silly when there are ways to protect yourself right?
Sorry I Ruined Your Black Panther Party
- Thread starter Comanche
- Start date
No need to hedge. The markets probably won't go much lower. (famous last words ..yadda yadda). The dow could lose 400 more points but would that cause a blow up? Not for me.
Also the market has a habit of rapidly pricing in potentially bad news so by the time you get a chance to hedge it is almost too late for it to matter.
The key is sticking your money in quality securities and riding it out.
Turn off the ticker
Then again I'm looking at things fomr an investing/long term standpoint. Daytraders could care less if the dow goes up or down.
Take a look at the nikkei chart bud, then tell yourself to turn off the ticker and buy dips.
Also, since you seem to be dabbling in TA, lose your bullish bias and just stare at this chart for awhile.
http://futuresource.quote.com/charts/charts.jsp?s=%SP&o=&a=M&z=800x550&d=HIGH&b=bar&st=
Also, since you seem to be dabbling in TA, lose your bullish bias and just stare at this chart for awhile.
http://futuresource.quote.com/charts/charts.jsp?s=%SP&o=&a=M&z=800x550&d=HIGH&b=bar&st=
stock i would not count most of you're holdings quality. with the exception of gm, you own high beta momo stocks, that are priced for perfection. one slip up and they get hammered. i know you don't listen to anyone but yourself, but be ready for a blowup.
you know those steel puts are the only thing I'm not sure about.... steel prices are still quite high, and china growth is driving it.
if you're short, why don't you just short the brokers instead. (altho I wouldn't short em here)
if you're short, why don't you just short the brokers instead. (altho I wouldn't short em here)
I am not married to any of these, put them on today and will gladly cash in my chips when the market tells me to.
The days action suggests to me that my 10% correction is quite probable. I use sep futures as my basis therefore 1408 sep es fulfills this. We are only 53 points away from this.
Overall, I am actually quite bearish on steel. The construction cycle is coming down fast. I think X can get back in the 70's rather easy.
The days action suggests to me that my 10% correction is quite probable. I use sep futures as my basis therefore 1408 sep es fulfills this. We are only 53 points away from this.
Overall, I am actually quite bearish on steel. The construction cycle is coming down fast. I think X can get back in the 70's rather easy.
Yea another big day of selling
so whats new
so whats new
I'm still staring - when can I stop? After a while this was all I could see:
