Closed the rest of the longs for 13 points profit.
Thank you
Started by
NAV
, Jan 13 2010 03:45 PM
16 replies to this topic
#2
fib_1618
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Posted 13 January 2010 - 03:55 PM
On behalf of the market, let me say...you're welcome.Closed the rest of the longs for 13 points profit.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#3
atlasshrugged
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Posted 13 January 2010 - 04:02 PM
wussy!!! why not hold into INtel like a real gambler! lol
#4
NAV
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Posted 13 January 2010 - 04:05 PM
With the SPX 1131 pivot holding, no short trades (apparently the low risk side) for me. I will continue to look for opportunities on the long side (risky side).
This trade was a good example of real risk/reward. The risk was only 3 poins for me when i took the trade yesterday at 1134 (3 points from the pivot), while the reward was boundless. That was the reality. But what was the perception ? Risk was too high and perceived reward was puny 
#6
NAV
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Posted 13 January 2010 - 04:14 PM
Nice Trade!
Thanks Spooky.
#7
zoropb
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Posted 13 January 2010 - 04:33 PM
Nice on the other 50%er N
dumped half when it looked like up. 2nd best part of the day was the last 30 mins. short only 25% again right at 4:15 close 1141.50 and another 2 points of blue collar work. 
I think we will go up later tonight I will pop that back here again. stay in 25% until highs come in tomorrow or not but it is looking like it. That Terry 21st is looking better now.
Anyway back at it in a bit. and congrats again.
I think we will go up later tonight I will pop that back here again. stay in 25% until highs come in tomorrow or not but it is looking like it. That Terry 21st is looking better now.
Anyway back at it in a bit. and congrats again.
Edited by zoropb, 13 January 2010 - 04:34 PM.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#8
NAV
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Posted 13 January 2010 - 04:38 PM
Nice on the other 50%er N
dumped half when it looked like up. 2nd best part of the day was the last 30 mins. short only 25% again right at 4:15 close 1141.50 and another 2 points of blue collar work.
I think we will go up later tonight I will pop that back here again. stay in 25% until highs come in tomorrow or not but it is looking like it. That Terry 21st is looking better now.
Anyway back at it in a bit. and congrats again.
Thanks Z. I think new highs are coming too. But it's gonna be a bit tricky to maneouver the position around Intel earnings. Thats' why i dumped the rest.
#9
fib_1618
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Posted 13 January 2010 - 04:56 PM
Can someone please explain to me why everyone is so fixated on Intel's earnings tomorrow?
Even more, why is it that this same anticipation has a negative bias to it...that we have to watch our steps??
Is there something that I haven't heard about after the company has been forthright with their expectations?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#10
Jnavin
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Posted 13 January 2010 - 05:07 PM
It's a Kabuki ritual of the earnings season.
