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Dagny, FAZ is a 3x inverse financial etf. Go to Direxion's website and you can read about them. Understand them before you dump in money. They can be good money maker but they can eat you up if you aren't careful. Also, they are day traders. They can move 10%+ overnight in a volatile market.(usually the wrong way)
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It looks like with the market coming up at the end of the day here, everyone is hoping and thinking it will be up on Monday. I'm hoping and thinking it will be down at the end of the day and Monday also.
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Tj...no worries...its all a big crap shoot anyhow..you get better by asking Q's and reading and doing..
Dagny ..go to www.finviz.com and learn about the ETFs and their inverse and how they work..example is DRN and DRV...one will go up inverse to the other..when the market (dow) is rising soe will DRN and DRV will go down...good luck to you ..
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Morpheus-The more I do, the more I learn. The more I ask, the more I learn. The more I sit here, and watch and study patterns and trends,etc., the better I get at it. It's just a matter of time and more experience before I feel a lot more comfortable doing regular daytrading. Someday I'm going to really break loose from the average, and your all going to hear about. Although, not to shove it in your face or sound like I'm bragging about, but just to give a big chear for success.
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Im cheering for you...cause this is not aseasyas you would think...patience and knowing when "the man" is trying to get you to go one way ...and you know its crap, they really are out to get every bodys money..watch this until the end..it is good http://www.youtube.com/watch?v=eAaQNACwaLw
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oh yeah...if you are not trading with Interactive Brokers...you should be..it is a good platform and 1 buck trades..unlimited with a margin account
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those MFing market makers doing that crap at the end of today...im up, im down, im up , im down...wholly cow..im still short thru the weekend...F them big time and the horse they rode in on
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could be setting up for a "black monday"...go back and look and the prior week in 1987...check out the action before that big drop...study the charts and the price action..same feeling here ..that is my take
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I just checked the financial calendar for monday and there is no big news coming out so I think the bulls will not have an excuse to raise this market come Monday. You gotta know when to hold em, know when to fold em.......
-------------------- wide open until you see god, then brake!
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right on glenn...just takes some BS "breaking news" crap that the man will concoc on sunday afternoon..you watch and see..things have been toooo rosey all over the place..time for a lambs to get slaughtered..
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I'm watching but been very busy. I have my money tied up. I saw BEE the other day and many more that jumped. Watched KERX, RPRX???, and a few others jump. I didn't expect the market to move up 100+ points today....???
Well, accepted your invite Scott. If it is you. But will hopefully get some free time soon.
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I've been watching MBI for the past hour or so, wish I sould have caught them earlier in the day. Although they could have a good day tomorow also.
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Bailed out of SPF last week in a panic for a very small loss. Basically broke even. Probably should have sold early last week when I was up 20%.
quote:Originally posted by rajthebam: what do u guys think abt EDZ?
I think its time for you to start making Dinner. We will look later. So off to get cleaned up. Guess its time to do things. LOL.
Hey....do your homework!!
This is what you do after you do your homework...I started it earlier today before the opening bell and gave up. But here you go.
quote:Originally posted by R1 Man: Company Last price (%) AVNR 2.49 -12.32 CACB 1.56 -13.81 CLWR 7.05 -16.37 HSR 11.82 -10.79 HURN 11.86 -11.43 JASO 4.55 -13.33 OPXA 1.60 -13.98 SYMM 5.27 -13.18 TGIC 1.01 -10.62 YRCW 2.05 -10.87
Company Last price (%) AVNR 2.52 1.2 CACB 1.55 -0.6 CLWR 7.23 2.5
This was the opening prices or close to it. Just wanted to show how stocks that drop normally will bounce. This is the way I use to trade stocks on here if you go to my OLD thread. You will see that I did this and that is why this thread got HOT!!! Check my stats.
Anyways, good luck all.
Bill
R1 - so if i am getting this right, i should be pulling the screener around 9.30 opening bell, and by end of day before 4 pm, some of these are bounce back...correct?
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waas up Raj??? good to hear from you..TJ ..is that video awesome or what?...watch the whole thing...everybody should watch it..im still short ...lost tons of mola yesterday...major bummer...but i did add 20k SIRI at near the day low..the BS crap they pull is crazy..the fix was in with some major big boys A holes doing a short squeeze....they just trying to get any weak longs to bail and then scoop up their shares...those schmucks...the SEC is all over them today..i lost over 15k yesterday...that hurt and i was doubting (wondering) myself...
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i been short on DRN all day ..in and out 5 time already...just adding to my current position short from 137 also FAZ long from 20.05
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