Yes, I did, I only wanted a day trade of calls, so by the end of the day since it didn’t go my way, I sold it and I only lost the trade fee…
By the way what do you use for options trading?
Scottrade is killing me….. fees are too high
This is a chart I made over a week ago. I believe that we’re seeing a wave 4 in commodities, which is dragging everything else with it (emerging markets, developed markets, etc.).
We’ve already hit my price target for the wave 4 corrective move ($CRB closed over 297), although I think we need more time. I don’t think we have much more in the way of downside on equities, and am expecting a rally to unfold from around these levels.
The dollar is still moving up, and that’s why the market can’t catch a bid. Once the dollar backs down some, the market should rally (that’s “if” the dollar backs down?).
Yes, I agree. At one point these banks will collapse the whole market down. But for now we’ll probably have too wait until the holiday seasons are over. Next year is going too be very ugly I believe.
I hope you didn’t buy straight calls… the vix dropping while the market rises will kill the value of your calls. Always do spreads to neutralize the vix effect.
Yes, I did, I only wanted a day trade of calls, so by the end of the day since it didn’t go my way, I sold it and I only lost the trade fee…
By the way what do you use for options trading?
Scottrade is killing me….. fees are too high
This is a chart I made over a week ago. I believe that we’re seeing a wave 4 in commodities, which is dragging everything else with it (emerging markets, developed markets, etc.).
http://www.screencast.com/users/dreadwin/folders/Default/media/e21bcae5-d600-4e2b-a7fe-ff4a6fa2e76e
We’ve already hit my price target for the wave 4 corrective move ($CRB closed over 297), although I think we need more time. I don’t think we have much more in the way of downside on equities, and am expecting a rally to unfold from around these levels.
Love that video!
What a bunch of garbage.
“USE that POMO money to give the appearance that we’re bouncing off the 50 DMA! Hurry before it closes!”
The dollar is still moving up, and that’s why the market can’t catch a bid. Once the dollar backs down some, the market should rally (that’s “if” the dollar backs down?).
Yes, I agree. At one point these banks will collapse the whole market down. But for now we’ll probably have too wait until the holiday seasons are over. Next year is going too be very ugly I believe.
I own some puts in BAC since yesterday.
I still think if your gonna short the market, short the banks. They can only hide their bad assets in bail out money for so long.
FAZ has done pretty good in either an up or down market.
lol it looks like an elastic band ready to explode either side, hope I choose the correct one….
I hope you didn’t buy straight calls… the vix dropping while the market rises will kill the value of your calls. Always do spreads to neutralize the vix effect.
hope I’m right, I got the courage to buy some calls, LOL hope it goes my way by the day end