Anyone holding long into the weekend?

Discussion in 'Trading' started by capmac, Mar 2, 2007.

  1. 5% to 6% money market is a beautiful thing right now.

    HSBC has 6% money market through the end of April.
     
    #11     Mar 2, 2007
  2. duard

    duard

    Was net short. Closed shorts out completely at close.

    Began selectively accumulating some longs which I have been watching.

    Overall now 5% net long.

    95% cash (money market).

    Good Luck

    Incredible week!!!
     
    #12     Mar 2, 2007
  3. tdubnik

    tdubnik

    Holding longs and added some at close today.

    Hedged my longs with puts on DIA, SPY, and QQQQ just in case of a metldown.
     
    #13     Mar 2, 2007
  4. short.
     
    #14     Mar 2, 2007
  5. took some Iwm home at the close. that close was panic.
     
    #15     Mar 2, 2007
  6. dr_sean

    dr_sean

    all cash.
     
    #16     Mar 2, 2007
  7. so, some of the various business news sites are suggesting that the last hour is due to people closingout positions before the weekend so they dont get caught with their pants down over the weekend. That being said, I hope Monday will see an influx of money back into the market if there isn't continued selling during the 1st hour (opening lower though is fine). No major rally, but I wouldnt short.
     
    #17     Mar 2, 2007
  8. ~90% long
    ~3% short
    ~7% cash

    I didn't do it, my trading bot did :(. I hope he will not let me down...

    I learned not to secong-guess him. After all he made me go thru this week somehow ok. Current drawdown is ~2.9%
     
    #18     Mar 2, 2007
  9. dac8555

    dac8555

    what is trading bot?

    -2.9? could be worse.

    but i would be willing to venture good traders cleared 10%+ this week alone. I made 7% and i have been in cash since wed.
     
    #19     Mar 2, 2007
  10. I think we go up on Monday (at least for that day). My Int-Term momentum indicators still look negative.
     
    #20     Mar 2, 2007