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.