will be waiting a month or two for it to turn.
Adding shorts right here
Started by
porsche911sg
, Jan 14 2010 10:33 AM
11 replies to this topic
#1
porsche911sg
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Posted 14 January 2010 - 10:33 AM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
bankster
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Posted 14 January 2010 - 10:37 AM
What % are you short now?
#3
porsche911sg
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Posted 14 January 2010 - 10:48 AM
85% short short position on NASDAQ at 1888. Shorts on S and P average at 1040...What % are you short now?
Be patient wait fot the turn.
If growth does not keep it.... it will fall hard from here.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#4
NAV
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Posted 14 January 2010 - 10:51 AM
Shorts on S and P average at 1040...What % are you short now?
1140
Edited by NAV, 14 January 2010 - 10:52 AM.
#5
zoropb
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Posted 14 January 2010 - 10:55 AM
P I think they run it at least one more time next week.85% short short position on NASDAQ at 1888. Shorts on S and P average at 1040...What % are you short now?
Be patient wait fot the turn.
If growth does not keep it.... it will fall hard from here.
In the meantime the target by Friday-Monday is the magnet 1129 area. Man has that thing made money in the last 2 weeks for me sheesh.
* avg at 1144.25 Short 75%
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#6
porsche911sg
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Posted 14 January 2010 - 10:56 AM
Sorry for the typo... I went it at 1132 1148 and 1144.5... but am waiting for first drop at 1080. second drop to 1040... will cover halve at 1080Shorts on S and P average at 1040...What % are you short now?
1140
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#7
porsche911sg
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Posted 14 January 2010 - 10:59 AM
Z, thats highly possible...i might cover some but will consider...P I think they run it at least one more time next week.85% short short position on NASDAQ at 1888. Shorts on S and P average at 1040...What % are you short now?
Be patient wait fot the turn.
If growth does not keep it.... it will fall hard from here.
In the meantime the target by Friday-Monday is the magnet 1129 area. Man has that thing made money in the last 2 weeks for me sheesh.
* avg at 1144.25 Short 75%
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#8
tommyt
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Posted 14 January 2010 - 11:32 AM
pick your poison...the mkt is waiting for the #'s coming...a nice gap tomorrow seems for sure, especially with the expo factor thrown in. Trend still up. I own premium in all sorts of things, looking for a move.
#9
cycletimer
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Posted 14 January 2010 - 12:51 PM
I just realized I have not posted my SPXU exit until now, but it was such a measly profit it's a mute point (though I really hate posting after the fact, problem is I traded using my phone, not in front of my pc.)
Anyway, earlier this week I exited my higher cost Spxu for only a .21 cent profit. That comprised 2/3 of my position. Still holding 1/3 position from $33.33. I plan to add to this position over the course of Fri/Mon. I want to get through Intel earnings first AND I would like to see SPX break 1137 (below vol. bar) before entering. When I am done adding this position will comprise 100% of my IRA. I am confident we are topping bit have a waiting for confirmation attitude. Will keep my core 1/3 position on with no stop.
Edited by cycletimer, 14 January 2010 - 12:53 PM.
#10
maineman
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Posted 14 January 2010 - 01:05 PM
cycletimer,
I noticed you were trading in your IRA. This is risky, as you know. Also, you mentioned last week the "3 day rule". What this means is that you are probably over-trading or over-leveraging. If you commit 100% of your IRA funds and then exit the trade, it takes 3 days for that money to clear for another trade. That's the only way that 3 day rule is enacted. This tells me you are committing too much capital for your trades. Trade less than the full amount and always try to leave cash. Just a head's up.
mm
