stay tuned.... this past week after trying to learn how to scalp wathcing the 1 min, I stared at enough charts to truely figured out every single part of price / volume relationship . Volume is the most important indicator on strength, Price is the most important indicator for price direction movement. ------------------------ I hope to make a REaden Metal trade sometimes this year, 10,000,20,000 shares for a 50 cents or $1 gain. I have configured my alert station where I can turn on and off alerts. When markets are going up, I turn on all the long alerts When marktets are going down, I turn off the longs, turn on the shorts This way I am never blinded by the constant alerts. I realize opportunity comes once in a life time... or in trading once everyday.. I hope to captalize fully on each and every one by eliminating the noise and focusing on the meat.
Last month the company launched its first eight ETFs with four leveraged funds that seek to provide double the index return, and four that provide 100% of the inverse, or opposite, return. The four new ETFs listed Thursday give 200% of the daily return of the benchmarks. QID66.50, -0.49, -0.7%) , UltraShort S&P 500 ProShares 12:00am 12/30/1899 SDS0.00, 0.00, 0.0%) , UltraShort MidCap 400 ProShares (MZZ : Last: 71.27+0.27+0.38% 12:07am 08/18/2006 MZZ71.27, +0.27, +0.4%) and UltraShort Dow 30 ProShares (DXD : proshares tr ultrasht dow30 Last: 67.78-0.21-0.31% --------------------------- QID leading the pack with volume of 900k avg shares! NICE!!!!!!!!!!!! with 4x retail * 2x leveraged with 0 uptick HOW CAN YOU GO WRONG?
2 contracts today 10 contracts next month 20 contracts by december 200 contracts ES a year later. 10,000 shares of GRMN long! 20,000 shares of BEBE 30,000 shares of NVDA TRADER! For the first time in my trading career, I finally can trade, long, short, short, long, long short, short long, take a piss at the gas station, come back, short , go out for a slurpee at 7-11, come back LONG! This changes everything from a opportunity perspective, I never have to wait for the next bull market, I never have to wait for a bear market. Any market works. Even chop. All this from my 4 day scalping experience http://www.youtube.com/watch?v=SUR0CN9WIbE&NR mind on my money and my money on my mind.
piss at the gas station? a slurpee at 7-11? where are you living? in your car in a strip mall parking lot?
3rd futures trade today 3rd profitable trades 3 out of 3 trades, all short. Could have been a +50 point gainer was a 10 point gainer I will size up to 3 contracts now. lol "SIZE" 3 contracts YM is now in session. I use to trade 10 back in the days, but these days, I'm a lot more consistent. Should be a few weeks away till trading 10.