broke lower........
as for me, im flat right now.............
meats open in 10 more minutes.......
bet im the only guy on this board, that is watching the opening of cattle and hogs.......... grains open at bottom of hour........
im currently doing "one trade at a time" and am 3 for 3..................
hoping to do maybe 2 more this week, possibly just one but who knows........
ive got my risk and reward set..... just waiting for the entry setup...
keep us posted on the QQQ trade......
as for me, im flat right now.............
meats open in 10 more minutes.......
bet im the only guy on this board, that is watching the opening of cattle and hogs.......... grains open at bottom of hour........
im currently doing "one trade at a time" and am 3 for 3..................
hoping to do maybe 2 more this week, possibly just one but who knows........
ive got my risk and reward set..... just waiting for the entry setup...
keep us posted on the QQQ trade......
Ok I pulled the trigger.
Here is what I did:
I bought 100 contracts of the QQQQ June 07 47 put. Each contract was about 250$.
I'm hoping that the QQQQ will go down.
I put this trade on because I feel that put options across the board are very cheap right now and I feel it's a "value" play.
Here is what I did:
I bought 100 contracts of the QQQQ June 07 47 put. Each contract was about 250$.
I'm hoping that the QQQQ will go down.
I put this trade on because I feel that put options across the board are very cheap right now and I feel it's a "value" play.
I understand. QQQQ was at around 45 when I pulled the trigger. Right now it's up a nickel from where I did.
Here is my reasoning:
IF QQQQ were to rise to 47 within the next 3 weeks, my options would still be worth around 1.5$ resulting in a 1$ loss. However if QQQQ were to drop to 43 within the next 3 weeks, my options would be worth over 4 bucks giving me about a 1.6$ gain.
I like those odds.
I'm not sure if you are familiar with the VIX. It measures the volatilty of the S&P 100 and right now it's telling me to buy puts.
Here is my reasoning:
IF QQQQ were to rise to 47 within the next 3 weeks, my options would still be worth around 1.5$ resulting in a 1$ loss. However if QQQQ were to drop to 43 within the next 3 weeks, my options would be worth over 4 bucks giving me about a 1.6$ gain.
I like those odds.
I'm not sure if you are familiar with the VIX. It measures the volatilty of the S&P 100 and right now it's telling me to buy puts.
familiar with it and most of the sell signals its given since 2003 have not worked. does still work for buy signals.
I developed my own polling system and there are over 2500 traders/investors/brokers now, so coupled with what I already knew it works well...and especially for individual stocks/sectors. Market isnt quite ready yet for a good flogging but its close.
plain and simple...alot of big money is STILL trapped on long side of market, we are at war and wall st and dc are in bed together, so market is more mobbed up than its ever been.
guys I know that have traded for 40 years have pulled out any hair they had left a couple years ago.
rx best tagline is yours. not hijacking this thread at all but for old times, here is that thread again.
http://forum.therx.com/showthread.php?t=368685
qqqq is trying to roll over right now...as I expected, but Ill post my thoughts again about 2pm est.
hitman, both you and ssi are welcome to message me at aol im anytime. same name as rx handle and look forward to chatting with both you guys sometime.
I developed my own polling system and there are over 2500 traders/investors/brokers now, so coupled with what I already knew it works well...and especially for individual stocks/sectors. Market isnt quite ready yet for a good flogging but its close.
plain and simple...alot of big money is STILL trapped on long side of market, we are at war and wall st and dc are in bed together, so market is more mobbed up than its ever been.
guys I know that have traded for 40 years have pulled out any hair they had left a couple years ago.
rx best tagline is yours. not hijacking this thread at all but for old times, here is that thread again.
http://forum.therx.com/showthread.php?t=368685
qqqq is trying to roll over right now...as I expected, but Ill post my thoughts again about 2pm est.
hitman, both you and ssi are welcome to message me at aol im anytime. same name as rx handle and look forward to chatting with both you guys sometime.
nice conversation guys......
woofdaddy, ill look you up, before my next emini trade........
great buy this morning, around 1453........ we have already posted an outside day today, looking now to close over fridays high of 1459.75, if so next stop 1472..........
no way i can sell this thing, the last 2hrs.........
woofdaddy, ill look you up, before my next emini trade........
great buy this morning, around 1453........ we have already posted an outside day today, looking now to close over fridays high of 1459.75, if so next stop 1472..........
no way i can sell this thing, the last 2hrs.........
Even spin-master Greenspan is now saying economy will be going into recession later this year....he should know, since his money printing is primary cause for all these current problems.
Daily at least another subprime lender goes
up...only a matter before that moves up the foodchain and gives a headache to a major bank.
Daily at least another subprime lender goes
up...only a matter before that moves up the foodchain and gives a headache to a major bank.
