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Thread: JTH's Account

  1. #1

    Join Date
    Dec 2007
    Posts
    906

    Default JTH's Account

    Good luck JTH. I got your message:

    JTH: Bought SDS @ 86.39
    -- Tom | My Trades


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  3. #2

    Join Date
    Feb 2009
    Posts
    415

    Default Re: JTH's Account

    Thanks Tom that was fast, you're da heat!

    Bought SDS @ 86.39
    Last edited by etftalk; 02-18-2009 at 07:22 PM. Reason: added trade for future reference
    Candlestick crack addict...

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  5. #3

    Join Date
    Feb 2009
    Posts
    415

    Default Re: JTH's Account

    Good evening's folks.

    Feel free to chime in anytime, I love to hear other's perspectives.

    I just wanted to post some quick thoughts on my position in SDS @ 86.39. I didn't enjoy missing out on Tuesday's gains, but at the same time I wasn't up to accepting risk, until we got confirmation of a direction.

    I plan on holding SDS long enough to make a profit, nothing more, nothing less. If par chance the markets test November's lows, then I'll likely bail to the sidelines, and wait 3 days for my funds to settle, while researching my next move.
    Candlestick crack addict...

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  7. #4

    Join Date
    Dec 2007
    Posts
    906

    Default Re: JTH's Account

    I like the short as I am suspecting next week could be ugly, but that we could see an options related bounce Thurs. or Friday of this week.
    -- Tom | My Trades

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  9. #5

    Join Date
    Feb 2009
    Posts
    415

    Default Re: JTH's Account

    Quote Originally Posted by etftalk View Post
    I like the short as I am suspecting next week could be ugly, but that we could see an options related bounce Thurs. or Friday of this week.
    Thanks for posting that. I saw someone else post something similar in a blog. This serves to remind me that there may be a head fake coming...


    http://ew-indextrader.blogspot.com/
    "We're getting to the point that the selling should kick in. It could be that the market makers are just trying to get us past option expiration week (Friday). We'll see."
    Candlestick crack addict...

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  11. #6

    Join Date
    Feb 2009
    Posts
    415

    Default Re: JTH's Account

    Good evening everyone.

    I'm a bit nervous about SDS. Why you might ask?

    Because every single source, blog, and forum member I follow are all in full-on bear mode. When too many people lean too far to one side, can the boat flip over?

    Honestly, I don't know, I'm just treating this trade one day at a time.
    Candlestick crack addict...

  12.  
  13. #7

    Join Date
    Dec 2007
    Posts
    906

    Default Re: JTH's Account

    It looks like you can take some profits this morning if you are getting nervous. Cool!
    -- Tom | My Trades

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  15. #8

    Join Date
    Jan 2009
    Posts
    215

    Default Re: JTH's Account

    Quote Originally Posted by JTH View Post
    Good evening everyone.

    I'm a bit nervous about SDS. Why you might ask?

    Because every single source, blog, and forum member I follow are all in full-on bear mode. When too many people lean too far to one side, can the boat flip over?

    Honestly, I don't know, I'm just treating this trade one day at a time.
    JTH,

    If you are worried about it, I suggest putting in a trailing stop of say 2%. Then just back away and don't worry about it. If SDS goes up you make money. If SDS goes down and triggers the stop.....you make money.

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  17. #9

    Join Date
    Feb 2009
    Posts
    415

    Default Re: JTH's Account

    Copy that, guys, I'll put in a stop here shortly, as I've got other matters to attend to. Perhaps It's just weird to see everything you read, plan and watch actually come true?
    Candlestick crack addict...


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  19. #10

    Join Date
    Feb 2009
    Posts
    415

    Default Re: JTH's Account

    Quote Originally Posted by JTH View Post
    Thanks Tom that was fast, you're da heat!

    Bought SDS @ 86.39
    Sold SDS @ 91.40 for a profit of 5.79% (not including transaction fee)
    Candlestick crack addict...

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