Discussion in 'Trading' started by dumbgai, Oct 8, 2008.
i did, yesterday,
bleed for it
600 spy @ 97.80 ...will most likely add up to 1500 but very cautiously.....
I probably should, but my hands are still bleeding from a few weeks ago!
Been 100% cash for a while now. Why trade this crazyness? There will be other opportunities.
Have not bought a damn thing for investment accounts during this slide, but will be today.
Covering more of my Rydex 200% Inverse S&P500 Long Term position I have had for over a year now.
I am also starting to buy some Rydex 200% S&P500 to play the LONG side starting today.....made a killing on the ride down and I am ready to start getting into a LONG position mainly for a bounce play (I also had a pretty strong BUY signal for the system I use trigger this early a.m.). Intraday only, I had a good ES LONG trade that I am still in just out of the open based off my BUY signal.
only thing i would by are some SPY in stages...some here,some there....
looks like this morning was the greatest buying opp of this year
too bad i was too scared to long the open
As DOW was printing +50's I just covered 1/2 my LONG intraday ES position........that was a nice hit!!!
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