Good luck JTH. I got your message:
JTH: Bought SDS @ 86.39
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...
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...
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
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...
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...
It looks like you can take some profits this morning if you are getting nervous. Cool!
-- Tom | My Trades
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...