10-31-2013, 01:58 PM | #3697 |
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11-01-2013, 04:12 AM | #3699 |
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11-04-2013, 12:30 AM | #3700 |
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Market going to take a MAJOR crapper starting this month.
For last 2 months thought it would start about the 18th, but now appearing that it could happen any time. Was in NQ Nasdaq on 10/10 and got out at market open on Wednesday morning. Shorted the YM Dow at open on Wednesday morning as well at 15635. ES at 1758 as I post this and if it gets below last week's low (1747) look out below. Last edited by Kabrich; 11-04-2013 at 12:42 AM.. |
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11-04-2013, 12:43 AM | #3701 |
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11-04-2013, 12:47 AM | #3703 |
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The major markets will probably drop like 4-5% in the short term (days or weeks) when investors get wind of that.
But I thought I heard recently that there's no plan on even thinking about doing that at least for another year or so. |
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11-04-2013, 12:59 AM | #3705 | |
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My dad's been pretty nervous about the market over the last few months. He thought there would be a drastic drop when S&P hit 1700 and so he moved about 3/4 of his 401k out of the market for a couple of months (I think June and/or July) before putting it back into the market for August after regretting missing out on the bull run, so his overall return this year is something 21% (S&P has been up 23 or 24% for the year). Just curious what kind of returns are you guys seeing with day trading (percentages, of course) for the year so far? |
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11-04-2013, 01:17 AM | #3706 |
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And as Google was mentioned above.....the gap up was the worst thing to happen to GOOG and shows just another reason why this market is toppy.
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11-04-2013, 01:30 AM | #3707 | |
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I have a cover on YM Dow at 15630 in case I am early to the party as I had 11/18 as most likely date for months, but the market is going to go on its own time table. As for returns, I made more than the 23%-24% you spoke of in your post on the October NQ trade alone, but that was not daytrading. Made ~80% on Soybean Meal daytrading it in October and around 10% Daytrading ES in October, as Nasdaq was my focus (It was the strongest index when the market went long). Dow is weakest now which is why I shorted that last week. |
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11-04-2013, 01:21 PM | #3708 |
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Day trading ES and TF is for fools unless you do it full-time.
The leverage usually shakes people out at the most vulnerable times cause thats how the game works. For avg Joe, you better focus on IT and LT outlook cause ST moves are for suckers. |
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11-05-2013, 11:29 AM | #3711 |
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Nice call. I'm eyeballing TWTR...
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11-05-2013, 11:36 AM | #3712 |
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TWTR will be tricky...bet it prices around 30.00 Thursday night...if it opens at 40.00 or below its a buy...50.00 tricky and gray area...60.00 above gotta wait for pullback.
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11-06-2013, 09:26 AM | #3714 |
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11-06-2013, 11:40 AM | #3716 |
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TSLA chart broken on 10/21(then rose to underbelly of bottom trend line which is always ominous)...havent held TSLA for awhile.
Concentrating on 3D players for now. Still holding AAPL and FB though. |
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11-06-2013, 01:15 PM | #3717 |
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TWTR will prob price at 27.00 tonight.
Bet it opens near 40.00. This a strictly a mono play...money will be made on long side and short side. Expect whipsaws over the next week. At 40.00 you are gambling. At 50.00 I would unload....before taking a longterm position I would like to see it selloff like FB did, but don't think it will cause the float is small as GS won't allow another FB fiasco. |
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11-06-2013, 04:19 PM | #3718 | |
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