I need to take the other side.
US Equity Markets will not go down
- Thread starter Rickshaw Man
- Start date
I need to take the other side.
I think both long and shorts need to use tight stops for safety right now.
First week after options expire is always a little crazy not knowing what direction.
The big guns will be back from holidays in the next 3wks and then the fun will begin.
The market is ignoring Oil, data, news, little volume , a few hundred thousand shares is able to move a stock in my opinion way out of proportion, dollars in some cases.
I am not loyal to longs or shorts but think if we are not careful a lot of us could get caught and hurt badly in a correction.
Especially momemtum stocks, examples in my opinion is when Dell was 40plus, Mrvl's almost 20 dollars run, Palm 5plus last few weeks, Nvda's run from 9-29 since Nov. of last year.
I always try and remind myself one of a traders first rule.
Bulls make money, Bears make money, Pigs are the ones that get slaughered. Resistances / supports having no or little value.
For the record I trade if possible the above and others daily both long and short.
It is a traders perception of what a stock price should be that creates a trade opportunity.
I am very just wary and cautious much more that usual with my a lot of my longs.
First week after options expire is always a little crazy not knowing what direction.
The big guns will be back from holidays in the next 3wks and then the fun will begin.
The market is ignoring Oil, data, news, little volume , a few hundred thousand shares is able to move a stock in my opinion way out of proportion, dollars in some cases.
I am not loyal to longs or shorts but think if we are not careful a lot of us could get caught and hurt badly in a correction.
Especially momemtum stocks, examples in my opinion is when Dell was 40plus, Mrvl's almost 20 dollars run, Palm 5plus last few weeks, Nvda's run from 9-29 since Nov. of last year.
I always try and remind myself one of a traders first rule.
Bulls make money, Bears make money, Pigs are the ones that get slaughered. Resistances / supports having no or little value.
For the record I trade if possible the above and others daily both long and short.
It is a traders perception of what a stock price should be that creates a trade opportunity.
I am very just wary and cautious much more that usual with my a lot of my longs.
looks like the correction could be starting,
hope others took advantage of the short opportunities today,
mrvl, nvda, palm all gave up good profits for the shorts
any comments of tivo as a point to starting accumulating a long position?
have already wrote options and am now starting to scale in position
hope others took advantage of the short opportunities today,
mrvl, nvda, palm all gave up good profits for the shorts
any comments of tivo as a point to starting accumulating a long position?
have already wrote options and am now starting to scale in position
Wow $70.00 oil, $12.00 natural gas "IN THE SUMMER" a devastating hurricane, Fed chairman stepping down. My gosh all this uncertainty and look at the US equity markets Wow, their really is no risk in this market.
the market is closed today --- all you have is the indexes reaction to the overnight asian/eu markets move {that is nothing that ever holds}. right now the market is like a cat in a tree that is slipping down the bark while frantically clawing away at a very fast pace trying to get a grip --- lower lows and lower highs --- watch out little kitty! 
es is up 4, dax is up 65 points?
lets hope for tommorrow. up 200 points in dow
everything is green with oil is up and offcourse as someone says " higher oil prices is good for economy and big companies". So buy mortimor buy.
lets hope for tommorrow. up 200 points in dow
everything is green with oil is up and offcourse as someone says " higher oil prices is good for economy and big companies". So buy mortimor buy.
Rising oil, rising rates, Greenspan stepping down. Who cares there is no risk in the market at all, you can even average down and it will go right back up. This is way to easy.
