StockFetcher Forums · General Discussion · POST YOUR LIVE TRADES HERE!!<< 1 ... 38 39 40 41 42 ... 162 >>Post Follow-up
johnpaulca
10,080 posts
msg #59522
Ignore johnpaulca
2/7/2008 8:46:40 AM

Niko...I have made good coin on this stock and would be ok to give back a little. LOL

johnpaulca
10,080 posts
msg #59523
Ignore johnpaulca
modified
2/7/2008 9:45:14 AM

IRM...long@34.60...out@35.40
CEDC...long@55....out@55.8
WTI...long@29.45...out@29.80
tight stops if market turns.

nikoschopen
2,824 posts
msg #59526
Ignore nikoschopen
2/7/2008 11:23:08 AM

Just kidding, JP. No doubt, ure a good trader.

I think we will get some kind of a relief bounce in the afternoon. S&P currently touching the ascending trendline from the previous low. Of course, if that breaks then we'll be going down to that low but the caveat is that nothing falls apart on its first blow.

nikoschopen
2,824 posts
msg #59529
Ignore nikoschopen
2/7/2008 1:46:34 PM

As expected, bargain hunters are jumping on the bandwagon en masse.

maxreturn
745 posts
msg #59530
Ignore maxreturn
modified
2/7/2008 2:07:25 PM


Quote from Niko:


As expected, bargain hunters are jumping on the bandwagon en masse.



Question is...assuming the market finishes strong today...will it follow through tomorrow? Hopefully the answer is no for the sake of the SPY put I bought 2 days ago.

nikoschopen
2,824 posts
msg #59533
Ignore nikoschopen
2/7/2008 3:21:13 PM

LOL. So does that mean the market will tank just because you bought a put 2 days ago or because it closed up for the day (finally!)? In either case, it ain't looking very good at the moment.

maxreturn
745 posts
msg #59534
Ignore maxreturn
modified
2/7/2008 3:49:03 PM

LOL. The market should move immediately and substantially in my favor! Seriously though Niko...my time horizon is different than yours. I basically short term trade the SPY off the daily charts and have done quite well. As you very well know it is not unusual to have a day or two go against you. I'm still in the green and my stop hasn't been hit. I don't know how you trade intraday with this type of psychotic volatility.

johnpaulca
10,080 posts
msg #59535
Ignore johnpaulca
modified
2/7/2008 4:13:12 PM

GLD....still holding...the battle line has been drawn, it will be fun tomorrow. My stop has been tightened...I think it will pop with the market.

Niko...it's guys like yourself and the others on SF that I can thank for being a decent trader. If I can survive as long as you guys have, only then can I call myself a good trader....thanks again and keep up the very entertaining postings.

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johnpaulca
10,080 posts
msg #59536
Ignore johnpaulca
2/7/2008 4:49:37 PM

Longs for Friday.

DVN...$87.30

MTL...$94

WFR...$74

will sell if the market pop in the morning...I think it will






nikoschopen
2,824 posts
msg #59537
Ignore nikoschopen
2/7/2008 5:01:17 PM

Lucky you, Max. Nevertheless, we might have another rally tomorrow. But eventually this market will retest the January low, so hang in there.

As you may know, I'm a daytrader to the core. It's crazy day like today that enables me to make serious money. Having said that, I'm pretty comfortable flipping trades from long to short and vice versa as you would with flipping pancakes and I also feel pretty good about detecting trend reversals. But, truth be told, it wasn't always like this. Ironic as it may sound, I was made whole only after swimming in the gutter for many years. I'm of the opinion that losses can only make you a stronger, if not better, trader.

Johnpaul, thanks for the compliment. I equally enjoy ure comments. It's okay to have different perspective on things. That's what makes it even more alluring, ain't it? And speaking of survival, we're all in the same raft. Just don't rock it too much. lol

StockFetcher Forums · General Discussion · POST YOUR LIVE TRADES HERE!!<< 1 ... 38 39 40 41 42 ... 162 >>Post Follow-up

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