People With Money In the Market

picks for volatility today?

my vote is for early dip, the rally to continue, and a strong late sellof, have to love Fridays.

Almost feel like shorting the indexes today. Shouldn’t be large % wise, but should be there. Thoughts?

Ugh I had C,GE, and BAC picked yesterday for gains today but didnt pull the trigger on anything. My damn job makes me be away from the computer all day sometimes. I know personally Im going to be taking earnings here in a few hours I think. Although with the G-20 I would find it hard to imagine we dont see a green day Monday. Meh maybe ill just go into Monday 50/50 long short and sell whatever one gins to avg down the other. Idk I need some coffee.

I decided to stop looking. I need to get out of some of these positions I don’t want to hold long term so I can put this puppy on cruise control for a few months. Let it just rack up long term value. I don’t have the time/knowledge/etc to try and stay on top of this on a daily basis

That mostly what I do. Trading the ETFs in whatever direction the market is going is pretty low maint.

I’ve always preached that individual stock picks is like shooting craps but somehow I forgot that about a month ago…derrrr

Yea im bummed right now I had such a great day yesterday but didnt think it was too high risk to hold overnight and I was getting creamed this morning and was basically just forced to sell almost everything to preserve any gains. This market is tough for sure.

Trading with the overall trend is one of the fundamental concepts of being a successful trader. Getting in early, teamed with proper position and lastly patience is what will makes an account grow. I think you guys would be wise to hold and forget :slight_smile:

FU! I take gains when I have them and dont bother holding through a reversal. I will buy again when I see a comfortable entry long or short. If the S&P gets real close to 850 Ill jump back in long.

Also I plan to go huge long on DIG soon as I dont think $5x oil is staying for long.

Haha, well, while volatility is a traders best friend, the market is pretty scary right now… so I guess taking your gains when you can get them is probably a good strategy. :smiley:

HAHA yea I would have taken yesterday but i was on the comp for literally 5 minutes. This shit is funny for right now. I want a death spiral in one of the banks so the market panic sells lol.

I’ve been holding DIG for a bit now. If nothing else, it’s a hedge against my 14 MPG truck.

LOL good logic bro! I am getting ready to pull the trigger soon on a second vehicle soon. Im waiting till I can find some poor fggt who lost all of his money selling a C6 for like 22k. God bless GM for giving them away right now its really driving the prices down.

I wanna buy a new car but it’d take away from my investment money :frowning:

I’ll have to settle with my civic for now that gets 40mpg :frowning:

Yea right now is such a great time to have cash. Us younger guys that can afford some risk and have half a clue are going to make a serious amount of money in the next 3-5 years. But wtf why dont you just buy something and not put much down?

Well I could easily afford a $400/mos. car payment, but then I wouldn’t have 400 to invest. lol.

Way to help stimulate the economy FGGT!

Hey man, I care only about my wallet :smiley:

edit: Looks like SKF dropped to the 140-150s and is back up again.

I wish I had a pile of cash to play with in the market. I am up 5% this week on the fantasy market. :frowning: