machinehead Posted October 4, 2004 Report Share Posted October 4, 2004 NDX LOD. (not a typo) You don't think it's gonna close the opening gap, do you? Link to comment Share on other sites More sharing options...
lucky6 Posted October 4, 2004 Report Share Posted October 4, 2004 B 4 Was your last short on Friday stopped out ? Thought the stop was 1133?? Thanks Link to comment Share on other sites More sharing options...
PeakOil Posted October 4, 2004 Report Share Posted October 4, 2004 gold down over $10+ today perhaps? :cry: :cry: :cry: Hmm, -$5.50. Yawn. Wake me up when Gold is down $20. Link to comment Share on other sites More sharing options...
brian4 Posted October 4, 2004 Report Share Posted October 4, 2004 OIH- in the green! Link to comment Share on other sites More sharing options...
brian4 Posted October 4, 2004 Report Share Posted October 4, 2004 Yes Lucky-I was stopped at the open! Link to comment Share on other sites More sharing options...
HiHat Posted October 4, 2004 Report Share Posted October 4, 2004 Let's not go Bull-dick..........just yet........must close above 1145 area for right translation.........breakout..................... I plan to SHORT today near i hope 1142.........afternoon sell-ff scalp. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 4, 2004 Author Report Share Posted October 4, 2004 machine- In the past, and correct me if I am wrong, I think you have mentioned that you use leverage sparingly in your fucutures trading. I think this is an important concept.? Limiting leverage increases your staying power when you are early.? (Not saying that you ARE early in this case. )? But I think it is certainly an important concept in managing risk.? Leverage can? make you rich, but it can also kill you first. Rule #1 is to keep 30% of futures contract total value as cash margin in the account -- that's 4 or 5 times "minimum margin," which is really only a day-trading margin to protect the borker. (e.g., 100 oz. gold contract = $42,000 total value ==> maintain $12,600 margin against it) Rule #2 is know when to violate Rule #1. I am paying 100% for gold and silver contracts, although I have been using leverage occasionally for short periods of time on stock futures. Link to comment Share on other sites More sharing options...
soup Posted October 4, 2004 Report Share Posted October 4, 2004 is this jam all due to shrub being behind in the polls? Link to comment Share on other sites More sharing options...
HiHat Posted October 4, 2004 Report Share Posted October 4, 2004 Bull-Dick..........is like Wedding- Dick..........with both you LOSE money in the end Link to comment Share on other sites More sharing options...
machinehead Posted October 4, 2004 Report Share Posted October 4, 2004 Crapvision is bulling "Crude Oil Under $50" -- the day after a record close, and before the day session even opened yet. I still own Dec. 2005 crude contracts. As long as the media clowns keep telling me what bad investments they are, I will hold onto them. Link to comment Share on other sites More sharing options...
machinehead Posted October 4, 2004 Report Share Posted October 4, 2004 machine- In the past, and correct me if I am wrong, I think you have mentioned that you use leverage sparingly in your fucutures trading. I think this is an important concept.? Limiting leverage increases your staying power when you are early.? (Not saying that you ARE early in this case. )? But I think it is certainly an important concept in managing risk.? Leverage can? make you rich, but it can also kill you first. Rule #1 is to keep 30% of futures contract total value as cash margin in the account -- that's 4 or 5 times "minimum margin," which is really only a day-trading margin to protect the borker. (e.g., 100 oz. gold contract = $42,000 total value ==> maintain $12,600 margin against it) Rule #2 is know when to violate Rule #1. I am paying 100% for gold and silver contracts, although I have been using leverage occasionally for short periods of time on stock futures. That's very conservative, HB, and you will NEVER get a margin call that way. Futures are "extremely risky" only for minimum margin players. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 4, 2004 Author Report Share Posted October 4, 2004 Let me try to refresh a memory or two - The G7 was going to request (require) the United States to "devalue" the dollar by at least 20% and China was going to be rquired (requested) float the RMB. On Thursday the dollar collapsed and all was joy. Today, neither of the above has taken place, and all of the currencies that were on a "moon shot" Thursday have roundtripped to where they started. Just wondering if anyone else remembers any of this or did I just dream it? Fade the conventional wisdom - you will be correct more often than not. Just one day may not change the trend. Oil and NG production shortfalls and higher energy prices will lead to an explosive growth in the trade deficit the next few months. More dollar buyers will be needed than ever before. I don't try tocall day today moves in the dollar. If you carefully read what I've said, I speculated that an agreement to revalue the RMB in 2005 would be reached. So far, I still think so. Link to comment Share on other sites More sharing options...
Guest Posted October 4, 2004 Report Share Posted October 4, 2004 It's all just a game, boys and girls...this is what happens on a 10 cent charge: http://139.142.147.221/StockChart_ImageOnl...NX&ref_rate=180 Link to comment Share on other sites More sharing options...
brian4 Posted October 4, 2004 Report Share Posted October 4, 2004 Bought 5 Nov 1140's @ $19.80 stop 1143. Link to comment Share on other sites More sharing options...
Bearman Posted October 4, 2004 Report Share Posted October 4, 2004 5 or 6 minutes till unch on the s-p :shocked that would rings some bells Link to comment Share on other sites More sharing options...
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