msummer2007
129 posts
msg #53766
- Ignore msummer2007 |
8/2/2007 11:13:01 AM
I don't know where they are, but they better hurry up and step up to the plate, before the third Friday in August. LOL
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nikoschopen
2,824 posts
msg #53767
- Ignore nikoschopen
modified |
8/2/2007 12:07:44 PM
Another crazy roller-coaster day. When the market springs right back to life after dumping you in the gutter, ure day is guaranteed to suck big time. Gggrrrr...
(still, I'm up $58 and change. LOL)
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msummer2007
129 posts
msg #53769
- Ignore msummer2007 |
8/2/2007 12:44:46 PM
Big day Niko, better than losing.LOL I have been trying to double down in X, hit it 1 time for $300. But it definitely is treacherous. I have my finger on the sell trigger the minute I am filled.
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nikoschopen
2,824 posts
msg #53775
- Ignore nikoschopen |
8/2/2007 1:47:42 PM
To make any money on a day like yesterday and today requires way too much effort. The trade-off between how much you can make and how much stress ure willing to take isn't worth it IMHO. Plus, my account is up over 20% since the market began its nosedive so I can definitely take a day off for good measure.
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nikoschopen
2,824 posts
msg #53798
- Ignore nikoschopen |
8/3/2007 10:16:35 AM
I think the panic selling this morning is providing a good buying opportunity for the short run. Could we go lower? Yes, but the likelihood of falling down to the low of the week is most unlikely.
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msummer2007
129 posts
msg #53799
- Ignore msummer2007 |
8/3/2007 10:37:56 AM
You hit it on the head a couple of posts before. It is tough trading these markets when they are like this. The effort is tremendous. I took your advice, and I am laying low for the time being. The profits are much to difficult to come bye.
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nikoschopen
2,824 posts
msg #53801
- Ignore nikoschopen |
8/3/2007 11:25:01 AM
Take it from me. Not losing money is in itself actually making money. Ure liable to be found guilty by association just for loitering around the computer. I'm only glad that I made a teeny profit and thinking of clearing out early. If you don't hear from me again, have a nice weekend!
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msummer2007
129 posts
msg #53803
- Ignore msummer2007 |
8/3/2007 12:15:12 PM
Hopefully we have another rally into the close. Have a good weekend also.
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nikoschopen
2,824 posts
msg #53805
- Ignore nikoschopen |
8/3/2007 12:37:39 PM
For the moment, that glimmer of hope is fading when I look at the s&P futures. But my mama used to say there are time and place for everything. If it wants to go up, it'll go up; if not, it'll go down. Don't stress ureself out too much. :)
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nikoschopen
2,824 posts
msg #53807
- Ignore nikoschopen |
8/3/2007 2:44:23 PM
Hopefully we have another rally into the close.
I would think a lot of people share the same opinion, but I highly doubt this will happen for the third time. I think there will rather be a selloff going into the close due to the fact that the weekend is ahead of us. Moreover, with so many traders hoping for another rally, wouldn't it make more sense for the institutions to trigger a programming trade to the downside?
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