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B4 The Bell Moonday October 4


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#31 machinehead

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Posted 04 October 2004 - 09:40 AM

NDX LOD. (not a typo)

You don't think it's gonna close the opening gap, do you? :o
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
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#32 lucky6

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Posted 04 October 2004 - 09:40 AM

B 4 Was your last short on Friday stopped out ? Thought the stop was 1133?? Thanks

#33 PeakOil

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Posted 04 October 2004 - 09:45 AM

gold :(

down over $10+ today perhaps?

:cry: :cry: :cry:

Hmm, -$5.50. Yawn. Wake me up when Gold is down $20.

#34 brian4

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Posted 04 October 2004 - 09:45 AM

OIH- in the green!

#35 brian4

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Posted 04 October 2004 - 09:48 AM

Yes Lucky-I was stopped at the open!

#36 HiHat

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Posted 04 October 2004 - 09:48 AM

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.

#37 Hiding Bear

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Posted 04 October 2004 - 09:48 AM

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. :lol:)  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. :lol:

I am paying 100% for gold and silver contracts, although I have been using leverage occasionally for short periods of time on stock futures.

#38 soup

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Posted 04 October 2004 - 09:49 AM

is this jam all due to shrub being behind in the polls?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#39 HiHat

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Posted 04 October 2004 - 09:49 AM

Bull-Dick..........is like Wedding- Dick..........with both you LOSE money

in the end

#40 machinehead

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Posted 04 October 2004 - 09:49 AM

Crapvision is bulling "Crude Oil Under $50" -- the day after a record close, and before the day session even opened yet. :lol:

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.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#41 machinehead

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Posted 04 October 2004 - 09:51 AM

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. :lol:)  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. :lol:

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.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#42 Hiding Bear

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Posted 04 October 2004 - 09:52 AM

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.

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Posted 04 October 2004 - 09:53 AM

It's all just a game, boys and girls...this is what happens on a 10 cent charge:

http://139.142.147.2...NX&ref_rate=180

#44 brian4

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Posted 04 October 2004 - 09:54 AM

Bought 5 Nov 1140's @ $19.80 stop 1143. ;)

#45 Bearman

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Posted 04 October 2004 - 09:55 AM

5 or 6 minutes till unch on the s-p :shocked

that would rings some bells :P





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