evaporates......A settle thru fridays high in the comp.x would get even more attention from shorts,,,Isnt that a key reversal?
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the trend is up, market has bottomed.
- Thread starter lundy
- Start date
lundy,
I've been lurking over this thread and just want to congratulate you for sticking to your guns amid all the criticism. It's good to see your conviction.
on the other hand.....
Be VERY careful in making public predictions. You may find yourself looking for items that validate your point of view, while at the same time dismissing information that weakens your position.
I believe that's where the 'egoless' and zen-like aspects of trading firmly resides. It's hard enough to process the incoming data and form the correct response -- why complicate the decision making process with added pressure from a public forum?
Not that I want you to stop posting, as I think your making a great contribution here at ET -- just suggestions from my experience....
3dog
I've been lurking over this thread and just want to congratulate you for sticking to your guns amid all the criticism. It's good to see your conviction.
on the other hand.....
Be VERY careful in making public predictions. You may find yourself looking for items that validate your point of view, while at the same time dismissing information that weakens your position.
I believe that's where the 'egoless' and zen-like aspects of trading firmly resides. It's hard enough to process the incoming data and form the correct response -- why complicate the decision making process with added pressure from a public forum?
Not that I want you to stop posting, as I think your making a great contribution here at ET -- just suggestions from my experience....
3dog
you need to worry about your time premium and your delta. Calls are never cheaper than after a steep drop and never more expensive than after steep rise.
Bullish engulfing pattern, some long lower shadows and at Sept. support levels on the daily nasdaq comp.
WOW closed way UP ..... on the way down LOL
Lundy & other options traders.... do I have to go to a broker (whom I ditched because of high fees) to buy puts? Or, can I do this on my online account? No hurry here...I'm still making paper trades like I did before actually trading shares.
I Hope you and all the other ET's made money today. Three of my positions gained and the fourth one lost (well in to the rally), but I fared well on the combination.
I trade on a mix of financials, charts, and press releases...and from my perspective...the market is lagging way behind what the actual figures warrant so that eventhough we are sure to see some more dips because that's what stocks do...we are well on the path to greener pastures...TREND IS UP
I Hope you and all the other ET's made money today. Three of my positions gained and the fourth one lost (well in to the rally), but I fared well on the combination.
I trade on a mix of financials, charts, and press releases...and from my perspective...the market is lagging way behind what the actual figures warrant so that eventhough we are sure to see some more dips because that's what stocks do...we are well on the path to greener pastures...TREND IS UP