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Thread: etftalk's Account

  1. #21

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    Except for the UCO, I have still not taken a long stock position in my personal account (although I did in my TSP). I'm looking at SPY as a possible conservative play to try to catch a bounce. No postition yet. Watching, waiting.
    -- Tom | My Trades

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  3. #22

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    Bought SPY @ 76.30

    Is an afternoon reversal and some follow-though on Monday too much to ask? S&P now 754, Dow down 200+.
    -- Tom | My Trades

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  5. #23

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    If the market looks like it is going to close green, I will add some FAS to my SPY position before the close, looking for follow thru on Monday. It must be green just before 4 PM, however, otherwise I'll stick with just the SPY position.

    Nice rally in oil this afternoon, also.
    -- Tom | My Trades

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  7. #24

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    With the S&P down over 1% at the close, I did not add to the long position. Still holding just SPY.

    I do see a snap back rally as a good possibility this week, but I must say I am a bit less confident after I received Trader Fred's signals for Tuesday (trade made COB Monday). I get them in advance. I will post it on the site after 12 noon ET Monday. It surprised me.
    -- Tom | My Trades

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  9. #25

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    My SPY position is down a modest 0.35 and I am a little torn. I can't help but continue to believe we are going to see a snap back rally, but Trader issues a buy signal on SDS (2 x S&P short) at the close of business today. Sheesh! Sounds like a break of support. I should probably take my small loss and be done with it.

    Fred's signals are not always accurate to the day so maybe I will get lucky enough to get a late afternoon rally today, and carry into tomorrow before the selling continues.

    I hate when I have to use the word "lucky".
    -- Tom | My Trades

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  11. #26

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    Well, luck didn't work. The SPY position is now down 1.65 or 2%. Bad, but not horrible. I knew there was a reason I didn't buy SSO or FAS on Friday.

    Still holding but quite worried because of Fred's SDS (2X short S&P) buy signal for Tuesday.

    Also, still long UCO from 5.95. Closed today @ 6.22.
    -- Tom | My Trades

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  13. #27

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    Limit order placed: Buy SSO @ 18.15
    -- Tom | My Trades


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  15. #28

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    Quote Originally Posted by etftalk View Post
    Limit order placed: Buy SSO @ 18.15
    Filled:
    Bought SSO (2 X S&P Long) @ 18.15
    -- Tom | My Trades

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  17. #29

    Join Date
    Dec 2007
    Posts
    906

    Default Re: etftalk's Account

    Quote Originally Posted by etftalk View Post
    Bought SPY @ 76.30
    Sold SPY @ 77.70.

    Seemed like a lucky number, and I still have SSO working on the long side.
    -- Tom | My Trades

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  19. #30

    Join Date
    Feb 2009
    Posts
    654

    Default Re: etftalk's Account

    Quote Originally Posted by etftalk View Post
    Sold SPY @ 77.70.

    Seemed like a lucky number, and I still have SSO working on the long side.
    Great move, congratulations!

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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