njstacked2 Posted March 14 Report Share Posted March 14 I hope you were all over this Bear market Rally.....I put everything into the QQQ's last friday leveregaged 10:1 and was stuck until this morning...Got out with over $1.40...I was paying $40/day in margin....fucking sick trade.....I am pulling off a parabolic trade as week speak....I got out of QQQ's at 25.80....(.01) away from the high....I got short 2 minutes later on the Up Tick @ 25.76.....I am taking this for at least $.50....Short Covering Rallys...are a no brainer....we are going to trade side ways until war... Quote Link to comment Share on other sites More sharing options...
dondiezel26 Posted March 14 Report Share Posted March 14 you gotta love yesterdays one day rally/short covering.......talk about a one day cock tease.........just go to war already so we can drive this market to zero and let the bottom feeders make a killing ha ha ha...........dow will be at 7000 and nas comp at 1000 in no time.......i never really got into the Qs, diamonds, and spyders......starting to dabble a little though......holla back Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted March 14 Author Report Share Posted March 14 Don...good work..stop trading the spread and trade the momentum! I think you are allowed to Swing Trade? Right? one technique that worked wel for me was to Short Financials like JPM and Go Long the SPY...play the spread that way....get out of the loser and ride the winner.....I am out of the currency market...Beta is out of control on the US $....vs. Anything. Quote Link to comment Share on other sites More sharing options...
danfury Posted March 14 Report Share Posted March 14 I see the Bull's Charging as we speak. Quote Link to comment Share on other sites More sharing options...
somegirl24 Posted March 14 Report Share Posted March 14 All this finance talk is turning me on!!!!!!!!!!!!Carry on boys!!! Quote Link to comment Share on other sites More sharing options...
dondiezel26 Posted March 14 Report Share Posted March 14 Originally posted by somegirl24 All this finance talk is turning me on!!!!!!!!!!!!Carry on boys!!! yeah....yeah...yeah.....we got our first bear market bunny!!!!! Quote Link to comment Share on other sites More sharing options...
somegirl24 Posted March 14 Report Share Posted March 14 OH you don't understand....the testosterone that flies around the TV with everyone staring at the ticker....talking this and that..... Quote Link to comment Share on other sites More sharing options...
dondiezel26 Posted March 14 Report Share Posted March 14 Originally posted by njstacked2 Don...good work..stop trading the spread and trade the momentum! I think you are allowed to Swing Trade? Right? one technique that worked wel for me was to Short Financials like JPM and Go Long the SPY...play the spread that way....get out of the loser and ride the winner.....I am out of the currency market...Beta is out of control on the US $....vs. Anything. tough to play upside momentum nowadays........im still a nonbeleiver........i have been trading for about 1 1/2 years now and i have yet to be is a bull market (if that will ever exist again).......all i hear are stories about the good ol' days and how all these old timers rocked the late 97-2001.....fawken scumbags would buy anything, pay huge spreads, and still make a killing.....no talent though....they are the same fawkers that have no clue how to trade in this shitty market.......ha ha ha Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted March 14 Author Report Share Posted March 14 Don...short this market my friend....also take a look at TWW...I used to make a market in it....until my boss committed suicide. It trends up when the market sells off...and stays unchanged on Bullish days. Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted March 14 Author Report Share Posted March 14 Diezel...I just covered my short....QQQ @25.48....+.28 on 5,000 shares....Not a Bad fucking Day....I decided to cover and break my strategy because I never go short through the weekend and market did not break like I though it would...I will now spend time finding another perfect play...I will PM you when I find it...usually i can piece together something from Barrons every weekend.....Also...this was all done in my Margin account... Quote Link to comment Share on other sites More sharing options...
pipdaddy Posted March 14 Report Share Posted March 14 this market has no direction. none. there is no support. i believe nothing our technical people say anymore Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted March 14 Author Report Share Posted March 14 I see tons of support....what market are you talking about...Fixed Income Market, Equity market, Options Market, Currency market, Futures Market...I was taught Technical Analysis by Steve Nison...the guy who invented Candle Sticks...I spoke with him a week ago and went through tons of charts on different sectors...I was able to locate some serious opportunities.....I can find sup/res.. anywhere...pip..the market is moving sideways....Top Analysts are recommending 100% Equities....Realize that once Interest Rates rise, bond prices get crushed....people need to stop thinking fixed income and take their 3 trillion dollars...which is how much is on the sidelines...and start making equity investments..... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.