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
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maxreturn
745 posts
msg #59539
- Ignore maxreturn |
2/7/2008 8:05:40 PM
I hear ya bro. One of the most critical decisions you can make is to find your comfort zone in terms of what time frame you'll trade. I learned a long time ago I was not cut out for intraday trading because I could not be decisive enough in such compressed time frames. I'm glad you're succeeding and like Johnpaulca thank you for your contributions to these forums.
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johnpaulca
12,036 posts
msg #59545
- Ignore johnpaulca |
2/8/2008 10:19:00 AM
Longs for Friday.
DVN...$87.30...out@89.10
MTL...$94...out@99.00
WFR...$74...out@76.00
done for the day....beer money for the weekend...oops...gave up drinking for lent, gotta wait until easter )-:
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nikoschopen
2,824 posts
msg #59546
- Ignore nikoschopen |
2/8/2008 12:57:11 PM
Nice swing. MTL is making a nice IHS formation here, which should bode well as a continuation pattern.
I think we've hit the intraday bottom for the time being and should cruise higher.
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johnpaulca
12,036 posts
msg #59596
- Ignore johnpaulca
modified |
2/11/2008 9:38:20 AM
Plays for today: WFR, ECA,STLD,BYI,CHK ....keep an eye out for energy stocks, they are showing up BOOYA filter.
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johnpaulca
12,036 posts
msg #59598
- Ignore johnpaulca |
2/11/2008 10:01:53 AM
MTL...shorted@107
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nikoschopen
2,824 posts
msg #59599
- Ignore nikoschopen |
2/11/2008 11:11:20 AM
Short S&P 500!
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nikoschopen
2,824 posts
msg #59600
- Ignore nikoschopen |
2/11/2008 11:14:58 AM
JP, I betcha that SOB called MTL will head higher. If I'm remotely correct in my assessment, it could go as high as...130 or more (eventually).
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johnpaulca
12,036 posts
msg #59602
- Ignore johnpaulca |
2/11/2008 11:42:00 AM
Niko...ya right again...I was hoping for a quick scalp and I did get it, but never pull the trigger( busy working). I will check back this afternoon for another opportunity to cover. Bought WFR again this morning because the move I was expecting on friday didn't materialized ..up about $3 on it, will get out in a few minutes.
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nikoschopen
2,824 posts
msg #59603
- Ignore nikoschopen |
2/11/2008 11:46:03 AM
Out @ breakeven (I've been scratching just about every trade today!)
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