Taking this trade off at 29.85 .. Market internals are
strong .. I gave it enough time to work today and its not
going too ... Look to see if I can enter lower price later
today or Tuesday
Everyone have a good weekend ... I'm done trading today
... Hit one missed one but keeping it light so no
biggie. Right now Market is at location where it has to
decide next week what it wants to do. Keeping it light until
PRICE show the way even if readings have neg. d all over the
place.
Today's action is why you must take some off the table and book
some profits. Case in point TZA. I unload 1/3 at $33
yesterday when Russell hit 629. Now the Russell is heading
back to back test 640-644 area. If my swing position doesn't
work with TZA and Russell breaks to upside I'm out even vs having a
loss.
Remember rules of a trade
- Have a Plan
- Have entry area to enter a trade and exit area for profits
I was watching 632-633 level .. Now that has gone past 30mins.
I'm in no hurry to exit my trade. I see nothing on internals
for intraday which leads me to believe the sell off won't stop into
the close
I have Neg Div. on my 5, 15min and 30 min but still Pos Div. on
60 min. Might get a pull back early next week but until
the 60min changes it will be a battle for sure
Don't know but I do know that Daily at 640 is going to be TOUGH
to crack .. Objective area to enter playing downside. I put
trades on swing wise using the daily so not looking for quick buck
here. Going to give that trade time to work. Remember
the trend is down and until they take this area back and hold its
Ress.
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Taking this trade off at
TZA Order Filled 30.06
Posted by cspirit on 13th of Sep 2010 at 12:00 pm
Taking this trade off at 29.85 .. Market internals are strong .. I gave it enough time to work today and its not going too ... Look to see if I can enter lower price later today or Tuesday
Money going into Semi's now
Posted by cspirit on 13th of Sep 2010 at 10:47 am
Money going into Semi's now ... - FYI
TZA Order Filled 30.06
Posted by cspirit on 13th of Sep 2010 at 10:18 am
Everyone have a good weekend
Posted by cspirit on 10th of Sep 2010 at 11:00 am
Everyone have a good weekend ... I'm done trading today ... Hit one missed one but keeping it light so no biggie. Right now Market is at location where it has to decide next week what it wants to do. Keeping it light until PRICE show the way even if readings have neg. d all over the place.
Yup but only 300 shares
NSM - Order Filled 12.90
Posted by cspirit on 9th of Sep 2010 at 04:19 pm
Yup but only 300 shares so no big deal
NSM - Order Filled 12.90
Posted by cspirit on 9th of Sep 2010 at 03:54 pm
Earnings Scalp Play after the close ...
The Computers are working hard
Posted by cspirit on 9th of Sep 2010 at 03:42 pm
The Computers are working hard again today to keep the market going ...
INFA
Posted by cspirit on 9th of Sep 2010 at 02:52 pm
Might pop for another .20 cents still - FYI
I'm out half at 5.61
ARQL
Posted by cspirit on 9th of Sep 2010 at 09:50 am
I'm out half at 5.61 ... It was quick I hope you all made some $$$$ also
ARQL
Posted by cspirit on 9th of Sep 2010 at 09:40 am
If it clears 5.50 good for .10-.15 cent scalp ...
Copper Index Question
Posted by cspirit on 9th of Sep 2010 at 08:33 am
What is the ETF to watch or trade copper? - Thanks
It's a tight trading range.
SPX (energy is building)
Posted by cspirit on 8th of Sep 2010 at 04:31 pm
It's a tight trading range. SPX 1070 to 1107 ... Until these break above or below its all noise ..
ARQL
Posted by cspirit on 8th of Sep 2010 at 04:02 pm
Has a nice bullish triangle set up on 15min. Clears 5.50 it will POP.
Comment - Today's Action
Posted by cspirit on 8th of Sep 2010 at 11:05 am
Today's action is why you must take some off the table and book some profits. Case in point TZA. I unload 1/3 at $33 yesterday when Russell hit 629. Now the Russell is heading back to back test 640-644 area. If my swing position doesn't work with TZA and Russell breaks to upside I'm out even vs having a loss.
Remember rules of a trade
- Have a Plan
- Have entry area to enter a trade and exit area for profits
- Know the money your risking and place stop
- Book some profits on way up
Taking off 1/3 of my
TZA
Posted by cspirit on 7th of Sep 2010 at 03:56 pm
Taking off 1/3 of my TZA here ... Moving my stop up to break even on remaining 2/3.
I was watching 632-633 level
TZA
Posted by cspirit on 7th of Sep 2010 at 02:59 pm
I was watching 632-633 level .. Now that has gone past 30mins. I'm in no hurry to exit my trade. I see nothing on internals for intraday which leads me to believe the sell off won't stop into the close
Please take care of your
market comments etc
Posted by cspirit on 7th of Sep 2010 at 11:58 am
Please take care of your family right now ... That's more important than BPT posting right now
I have Neg Div. on
Posted by cspirit on 3rd of Sep 2010 at 02:52 pm
I have Neg Div. on my 5, 15min and 30 min but still Pos Div. on 60 min. Might get a pull back early next week but until the 60min changes it will be a battle for sure
Yea but Matt .. the
Remember what Matt said....
Posted by cspirit on 3rd of Sep 2010 at 11:59 am
Yea but Matt .. the BLOG is alot more fun telling the Mrs. your busy vs having her give you that HONEY DO LIST to started on early
Don't know but I do
TZA
Posted by cspirit on 3rd of Sep 2010 at 10:47 am
Don't know but I do know that Daily at 640 is going to be TOUGH to crack .. Objective area to enter playing downside. I put trades on swing wise using the daily so not looking for quick buck here. Going to give that trade time to work. Remember the trend is down and until they take this area back and hold its Ress.