Definetly! Fading is the way to go man. The more you fade, the more money you are going to make. It is so cheap relative to yesterday, people who sold it today should be an idiot. You are probably one of the handful who are brave enough to jump in and take the opposite sides of the idiots. Keep up the good work buddy.
housing inventories up 30% builders down 50% personal savings a -.2% (yes minus) average credit card debt $18,000 percent of home purchasers in 2005 now upsidedown = 30% chance of recession in 6 to 18 months, 80% Ford and GM in deep.... where is the market going....? well, how fat is your wallet? hmmm
blah, people are over-reacting too that too much - so a bunch of slanty eyes can fire at a missle that can reach the US; they wouldn't have the balls to start a nuclear war.
Fading gaps in NDX is a profitable strategy but this particular scenario is not a correct setup for fading .
Dear writer the subject, During the 2004, when I was simple man, knowing nothing in Technical Analysis, I entered the US based companies and currency (Bursa), with $100,000, but I lost all of it due to Yhoo and Jnpr not because the currency. I decided to work on my mistakes and in 2005 I devoted most of my time to learn most of the Technical Analysis. Not only that I constructed four most of my genus Indices that can work out the expected direction of any share up to more than three months. I now am happy since recently applied all my principles and started again with 1,000,000 in 2006. In currency I analyze the trends movement based on monthly not based on 15 minutes or one day. Once I establish the start trending movement then I enter and keep my money there and just monitor the portfolio of my account. I NEVERE MADE HUDGES WITH MY CURRENT WORK. I as said in 2004 was like what you said, busy making only 20 to 30 pips however, this method killed all my mony especially when market was moving AGAINST my positions EVEN HUGES NEVER WORKED WITH ME that time.. I appended to you as approve my current positions in currency to see despite that I put 100 contracts per transitions I always fell free to sleep my nights..
So easy making money in stock market Indeed, as long as you know how to. As most don't have this know-how it is "So easy losing money in the stock market".. Plenty of "teachers" and guru's help this big wretched mass to stay dumb and keep paying for the winnings of the ones that know.
13:07 Nasdaq +4.79 Whew! I had taken my kids in for their dental checkups this morning and just got back. Boy was I afraid I missed the big move but I see there is still time to get in. I think I'll load up with 10,000 cubes to start then buy in as we continue the big move up. Thanks for the tip! On the other hand, maybe you just made a typo and meant to say surges .2%.
wow, you all make it sound so easy. if you are serious about making a consistent living from trading with those attitudes, be wary.