18 replies to this topic

[Mr Dev]

Dev
90% probability that was today's highs.
Did the same this morning on blog posted live had a 10 am high or 12.30 but 1086 looked real good on es so I slammed them.

fwiw 10:28 is the best low for the bullish case tomorrow and we cannot print a low past 2:30 tomorrow or it extends to Sept 7th and this was a top. I do not care which way just move baby.

hi z
hmm seeing that percentage shocked me. i see nothing near that. in fact i have percentages fractionally higher for the end of day depending on what you're trading.

i'm just taking a counter trend CHANCE and young counter trend trades are usually a bad idea unless u can take a slight loss or gain quickley on

and not think that your trade is going to be right. see it's all psychology at this point but 90% ?? something said like that can be very misleading and easily wrong.

best of luck i hope your right for both of us but not counting on it as it may be to crowded

Edited by Mr Dev, 02 September 2010 - 01:19 PM.

[Mr Dev]

P.S.
i gotta say it's like tuning in to watch the best and most important part of a basketball game...the last 2 mins to see who wins !


it looks like today will serve as a prime example of not much happening during the day after large range move as traders will take a small win or loss

during the last 2mins of the day leading into the close.

a lot of eye strain for little results ...imho. glad i had a work out,.. shower,...shopping... and lunch and it's only 11:45 here

Edited by Mr Dev, 02 September 2010 - 01:46 PM.

[vitaminm]

chili,

What percentage of account is in the money market fund?
As you know Rydex does not have higher yielding funds like GNMA,HIgh Yield to park unused funds.

In my situation, the funds are in an IRA with RYDEX, no tax issues. I used to use FIDELTY but they only let you trade RYDEX once a day and when you sell, they have a three day hold, same with other ETF's with Fidelity. With RYDEX directly, I can trade my funds more freely without a hold.

Also, no commisions with RYDEX while Fidelity gets you both ways.

[zoropb]

of course they make the 10% got to squeez them shorts a tad more but 1 to 3 points ah I see this as a counter trend trade so far. Meaning our shorts.

Edited by zoropb, 02 September 2010 - 02:21 PM.

[Chilidawgz]

chili,

What percentage of account is in the money market fund?
As you know Rydex does not have higher yielding funds like GNMA,HIgh Yield to park unused funds.

In my situation, the funds are in an IRA with RYDEX, no tax issues. I used to use FIDELTY but they only let you trade RYDEX once a day and when you sell, they have a three day hold, same with other ETF's with Fidelity. With RYDEX directly, I can trade my funds more freely without a hold.

Also, no commisions with RYDEX while Fidelity gets you both ways.

The money market at RYDEX is only a parking vehicle while waiting to go long or short. I may have no funds in it or as of today, 80% cash and 20% short. I may trade for a single day or several or if it's a momentum market the trades can carry quite a bit of time...depends on whats happening at the time.

Edited by Chilidawgz, 02 September 2010 - 02:37 PM.

[Mr Dev]

of course they make the 10% got to squeez them shorts a tad more but 1 to 3 points ah I see this as a counter trend trade so far. Meaning our shorts.

hmm not usually a laughing matter ,.... but we all handle it differently ...regardless of the type of rally it is ,...
i see that it still has the RUT potential 640-650 and up to a week to grind higher...ie until the trend is more seriously challenged

[vitaminm]

http://personal.fide....shtml#included

chili,

What percentage of account is in the money market fund?
As you know Rydex does not have higher yielding funds like GNMA,HIgh Yield to park unused funds.

In my situation, the funds are in an IRA with RYDEX, no tax issues. I used to use FIDELTY but they only let you trade RYDEX once a day and when you sell, they have a three day hold, same with other ETF's with Fidelity. With RYDEX directly, I can trade my funds more freely without a hold.

Also, no commisions with RYDEX while Fidelity gets you both ways.

The money market at RYDEX is only a parking vehicle while waiting to go long or short. I may have no funds in it or as of today, 80% cash and 20% short. I may trade for a single day or several or if it's a momentum market the trades can carry quite a bit of time...depends on whats happening at the time.

[Chilidawgz]

A

http://personal.fide....shtml#included

chili,

What percentage of account is in the money market fund?
As you know Rydex does not have higher yielding funds like GNMA,HIgh Yield to park unused funds.

In my situation, the funds are in an IRA with RYDEX, no tax issues. I used to use FIDELTY but they only let you trade RYDEX once a day and when you sell, they have a three day hold, same with other ETF's with Fidelity. With RYDEX directly, I can trade my funds more freely without a hold.

Also, no commisions with RYDEX while Fidelity gets you both ways.

The money market at RYDEX is only a parking vehicle while waiting to go long or short. I may have no funds in it or as of today, 80% cash and 20% short. I may trade for a single day or several or if it's a momentum market the trades can carry quite a bit of time...depends on whats happening at the time.

Ah yes you are correct, no commision on Ishares but I used 2x funds when with FIDELITY and if I was with them today I would be using the 3X funds...but if I still traded with FIDELITY, when I sell, my funds are locked for three days. RYDEX, if I want, will let me buy in the AM and sell at close and repeat the process every day if I choose. I always use the 2X funds in the RYDEX account.

Edited by Chilidawgz, 02 September 2010 - 04:29 PM.

[qqqqtrdr]

I will never use Fidelity.... They are a subpar mutual fund company. Terrible vehicle for trading.... I use Schwab Specifically and am happy because it is easy to get in and out of different funds and securities. I trade long and short with 6 different accounts about 3 times a month on each account.... I wouldn't recommend Schwab for daytrading, but for my medium term trades they do well.... Barry