The S&P has rallied roughly 30 handles in this move. There is just 30 minutes left in the trading session and the market is holding about 90% of the rally's gains. Just curious. Where is your stop-loss?
Great day..dow up 250..more than I expected. it was down 150 earlier ...the funds run by very smart people know that stocks are incredibly cheap and are loading up b4 economic numbers begin to improve.
This was also short covering as the contract is going to expire. Also remember, The bail out money should go some Where, Why not buying the market.. with some PPT juice
What a day, the UYG I own is doing fantastic, its one of my largest holdings now, by the way. No stop loss for me, Sold out more DUG at $41.75 this morning, still holding more.... During this rally I actually went out and purchased more FAZ and TZA.
How typical of you. Must be nice to "paper-trade" without stops. A 30 handle rally and no stops. Amazing.
I know a member (who I now have on ignore) who made a trade in ES some months ago with no stop loss. He was down over 100 ES points or $5,000 per contract at one point. Of course he later admitted it was a paper trade...like yours.
You are judging the long term trend by one day's performance? Have you been around for the last year?? Cheap is anything below 10. We are currently at 17!