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Old 12-18-2008, 02:06 PM   #1401
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OIL got clobbered.. I aint touching it until it goes below 30.
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Old 12-18-2008, 02:26 PM   #1402
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OIL got clobbered.. I aint touching it until it goes below 30.
lets hope it gives me a 10% bounce before it hits 30 lol
or im hooped
but i only bought 10% of my pofolio
so i got room

thx for the heads up sc
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Old 12-18-2008, 03:54 PM   #1403
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lets hope it gives me a 10% bounce before it hits 30 lol
or im hooped
but i only bought 10% of my pofolio
so i got room

thx for the heads up sc
because you took the 1400th post, you wont get a 10% boost

KARMA

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Old 12-18-2008, 05:30 PM   #1404
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lol i will settle with a 5% an hr before closing tomorrow...


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because you took the 1400th post, you wont get a 10% boost

KARMA

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Old 12-19-2008, 11:23 AM   #1405
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nice move =)

always good to lock in some profitssssss
by the way wouwou
u think we will retest the lows for dow again netime soon?
in 2009 we will destroy those lows

ultimate bottom is somewhere around 6600-7500 on the dow
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Old 12-19-2008, 03:20 PM   #1406
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8600 - 8000 - 7800 - 7000

that's my support levels
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Old 12-19-2008, 03:36 PM   #1407
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yeyeye...
no major position for me...
im just gonna take it easy till jan..
mite contiune to avg down on my uso..
im only holding couple hundred shares down dollar each so no big deal
since imup dis month haha
investors r way too sentimental rite now.. too much confidence i guess
it will hit them before they know it haha
n we will be there on the short side sipping on drinks
cheers
good luck trading 09
fukin long year dis year tho haha
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Old 12-29-2008, 08:09 AM   #1408
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I guess the war is doing me good
as i have collected position in oil the pass few tradin sessions last week
start lookin into fas again as it retractes to 20...
n also lookin in to brk.a if it hit the low 70s im in lol.
ne comments neone?
feel free to bash =)
always like to hear inputs..
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Old 12-29-2008, 08:39 AM   #1409
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also,dow chemicals look migty mighty attractive too...
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Old 12-29-2008, 10:44 AM   #1410
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not even watching the financial news now

not gonna trade till new year, I am just tired and the volumn is tooooo low for my liking anywayz.

good hunting
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Old 12-29-2008, 05:40 PM   #1411
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Volume will probably be low all the way into new years.
I loaded up some 33.00 calls in USO on today's pullback.
Had good volume and price action on that upside yesterday and today in the afternoon.
Conflict should make it go higher for another few days.
Lets run this baby up!
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Old 12-31-2008, 11:26 AM   #1412
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Volume will probably be low all the way into new years.
I loaded up some 33.00 calls in USO on today's pullback.
Had good volume and price action on that upside yesterday and today in the afternoon.
Conflict should make it go higher for another few days.
Lets run this baby up!
uso is MOVING right now

good hunting!!
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Old 12-31-2008, 11:28 AM   #1413
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approaching 34.5
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Old 12-31-2008, 11:46 AM   #1414
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bubble bursted...
i got out at 34...
neways good luck trading 09 guysss

Last edited by Hollyshiit; 12-31-2008 at 11:54 AM.
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Old 12-31-2008, 01:14 PM   #1415
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Got out of my calls today as well.
Wish I bought a lot more...100+% profit.
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Old 12-31-2008, 01:16 PM   #1416
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nice butcha...
should show me some ropes towards options trading...
thx
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Old 12-31-2008, 02:44 PM   #1417
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Before trading options you need to be very comfortable with TA.
I would recommend buying some books about trading techniques and market behaviour before you get started.
Be familiar with multiple time-frames and know when to take your losses and profits because options move extremely fast.
Use paper money and try it out first.
You'll also need to setup a margin account if you don't have one.
Be prepared to lose some money when you first start out...I got called out a few times on margin when I first started.
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Old 01-02-2009, 01:42 AM   #1418
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^ what platform/tools/brokerage are you using for your options and charting?
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Old 01-02-2009, 09:30 AM   #1419
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I use quotetracker and bigcharts for TA analysis and quotes etc.
There are better software programs available but they cost money.
I prefer stuff for free.
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Old 01-06-2009, 06:09 PM   #1420
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^ what platform/tools/brokerage are you using for your options and charting?
thinkorswim
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Old 01-06-2009, 08:14 PM   #1421
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Originally Posted by Butcha View Post
Before trading options you need to be very comfortable with TA.
I would recommend buying some books about trading techniques and market behaviour before you get started.
Be familiar with multiple time-frames and know when to take your losses and profits because options move extremely fast.
Use paper money and try it out first.
You'll also need to setup a margin account if you don't have one.
Be prepared to lose some money when you first start out...I got called out a few times on margin when I first started.
that's why I stopped margin

"Mr. L, it appears that your account needs to be properly maintained" is a fucking scary sentence.

Worse that the latex, the "I think I am late" text

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Old 01-06-2009, 10:28 PM   #1422
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tomorrow is gonna be a bad day for american banks
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Old 01-07-2009, 08:50 AM   #1423
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I would be very careful if you are short.
Market seems like it wants to rally everyday.
Doesn't make sense with all the bad economic data but you gotta go with the trend.
I guess they are all praying Obama and his stimulus will save the economy.
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Old 01-07-2009, 11:38 AM   #1424
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yawn, wake up late, short crude, go brush my teeth, shower, come back i potentially have made enough to cover my monthly expenses, lower my stop, go eat lunch. done.
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Old 01-07-2009, 12:13 PM   #1425
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^ Saw that one coming when crude retracted from 50.. thank you DTO..
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