It was the usual stuff about how brilliant I am, and how many good points I make... How beneficial my emails are to the show...
the usual.
I'm kidding, I just pointed out something they needed to clarify.
Thursday, September 18, 2008
I got an email from becky quick today
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Awww, you have a crush :)
Of course... for the most part she wakes me up in the morning...
I'm a little bummed you puked up your short skf...
I was running this morning, just thinking about the fortunes won and lost in the next few days.
I'm in shock about SKF. I only covered it because I was lost, didn't see what was going on. So I had to call in to place the trade, (I only covered 200, covered the other 100 I shorted that morning at $6.50 less later)
Their system was slow as well, so they placed the trade via a different system, and the trade didn't show up in my account until this morning. And it's not even fully cleared yet, my buying power is not restored to full.
It was such a painful trade from start to finish. So many lost opportunities.
I have no idea what to look at on the long side today :) Everything's supposed to go up, probably.
You can hear all the short panic, they are about to give up all the money they have made over the past weeks. And they are steaming mad.
but that is how mother market is.
Open 2 accounts, or even 3. When the market gets like this, it's nice to have numerous feeds in case they go down.
Even if you just open an account at the minimum, and just use it to get a feed.
Everything I'm watching is hitting serious resistance at pre-market (chart-wise).
It's getting violent already, what should've happened over days is compressed into hours.
I didn't even think about multiple accounts! Will do it today.
I wanted to try others anyway.
Are you with a discount broker?
I have a bunch of them, Scott ameritrade, interactive.
scottrade has a 500 dollar minimum, that is a great shell account, for a stream. you are stuck at a chash account at that level. 2000 is margin.
I also have all of them on speed dial, and on my cell. I'm a pain in the ass.. "Does it look like it's developing a dome top."... "slap a .20 follow stop on that..."
Crap, I forgot I had a TDAM account. It's so inconvenient though, and heard it goes down a lot.
So i'll open one more it's all set. Maybe TradeFreedom.
The SKF is Halted?
I was thinking that would be trouble.
I can't figure out what they will do.
they have to cover, and then cash people out. Proshars must have Billions of shares short.
(and I bet they havn't taken delivery.)
They don't short shares, but use swaps and apparently that's still legal but they need to figure out how to file all this. That's the rumor anyway
hmmmm, but if those on the other end of the swap, can't short It may be a problem.
I guess you can Null out a trade on the other side, but what happens when there are more short index than long index trades.
I have no idea.
Thought holding SKF was scary, decided to trade only. Thank God I didn't touch it today (was planning to trade it this afternoon.)
So banks will now go up 20% daily from now to Oct 2nd?
Yes, as opposed to going down 20%.
I guess I have to say... "I'm sorry the armageddon you were hoping for was averted... so far"
I'm not hoping for armageddon, i'd like a nice orderly bull market :)
how did you do today?
I'm ready for....
honestly I'm ready to just fall apart....
I get this post market nausea
Read my blog, My hands are shaking im so mad.
If the trades stand as they say they will now, then I realized $800.
5 trades, 1 loss.
How did you do?
Omigod, I'm so pissed. I hate this fucking market.
that is wierd... I'm tired... Because the trades moves so much? I can't quite figure that out.
I did great... except... in the post market I'm seeing a 5 % move I missed.
I would love to see less volitility... it makes my stops hell.
but I guess that is how I make the good money...
Retail will come in and buy the market on the open monday
I'm so disappointed with all this new shit, I'm going to take a break - no new trades. Will close out everything next week.
You must think I'm a loser with my piddly profit in the hundreds and funny nickname "tradewell". Well, I aspire to trade well, that's where this is from.
Futures are +374
good lord
It's good if you make money... Most traders don't.
I remember when I used to eek out $50 a trade.
You are afraid of letting go of a gain. I'm always afraid of missing a larger week long.
Once you improve your timing, Then you can, take it easy and ride things out. a bit more.... then you have to figure out when the move is over...
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