Good luck Corepuncher!
Welcome, CP! This neighborhood just keeps getting better and better!
Lady
If you think education is expensive, try ignorance. - Derek Bok
Good to see you've arrived, now kick some azz...
Candlestick crack addict...
Welcome CP
Bring on the good trades
Hey all! I just got my thinkorswim account opened. Am only starting with the minimal amount, but, will have some TSP funds diverted into a ROTH soon as well.
I made my first ever trade today, bought GLD at 91.20. I did a OCO Bracket. I have a sell stop order at 97.99 and a stop out sell order at 87.47. I call it the "animal trap." I'm going to rip loose pretty soon and analyze a bunch of charts, then, set a bunch more "traps" and hopefully I'll catch something.
I randomly started with GLD. We are basically in an uptrend...I saw we bounced off lows today, and decided to buy. If we can break above 93, I think we'll get that 98-100 or 1000 dollar gold. Gold has two things going for it...fear trade and inflation. If we break that 87.47 low from 3/10, I'm out, and the trade will likely break down.
Hey CP!
Don't forget to recruit steveg and the rest of your gang too.
Wondering when to buy FAZ. Currently 36.59. All time low 32.57.
I think I might buy FAZ once the S&P reached 780-800. In fact, probably buy some SDS there as well. I don't like how the NASDAQ is down...all of a sudden, the "leader" is not.