Investors....come in please!

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Originally Posted By: Drew99GT
Any of you guys ever tried day trading options during options ex week? Especially at the end of the week? You can get 500 contracts and 10 trades free from Choicetrade. Staying brutally disciplined with technical analysis, it's a money maker.


Not me, but I'll mail you cash to give it a shot for me.
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Originally Posted By: tpitcher
Originally Posted By: Drew99GT
Any of you guys ever tried day trading options during options ex week? Especially at the end of the week? You can get 500 contracts and 10 trades free from Choicetrade. Staying brutally disciplined with technical analysis, it's a money maker.


Not me, but I'll mail you cash to give it a shot for me.
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I only did it with a tiny amount of money to test the waters and see the profit potential..........which is why I'd probably never do it again with any large chunk of money. With commissions being a factor, you lose it all.

If you're not trading on margin, you can trade several hundred percent moves in minutes (and lose it all as well)!
 
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Originally Posted By: tpitcher
Yea, fears are rising. I got lots to deploy, but I'll be waiting for some big pullbacks.

On a better note, the one I previously recommended to consider...

http://seekingalpha.com/article/739841-g...30?source=yahoo




Thanks for that one! It's consolidated a little over the last few weeks; if it keeps it's uptrend, I will likely pull the trigger. If one would have bought in around June 19th, they would have had their butt handed to them.

That's always been my problem trying to get into under $5 stocks after they become well known.
 
Originally Posted By: Drew99GT
Originally Posted By: tpitcher
Yea, fears are rising. I got lots to deploy, but I'll be waiting for some big pullbacks.

On a better note, the one I previously recommended to consider...

http://seekingalpha.com/article/739841-g...30?source=yahoo




Thanks for that one! It's consolidated a little over the last few weeks; if it keeps it's uptrend, I will likely pull the trigger. If one would have bought in around June 19th, they would have had their butt handed to them.

That's always been my problem trying to get into under $5 stocks after they become well known.


This one's still relatively unknown.

I owned it at various points around $1.40, but sold before the run-up.
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I got some now on the pullback and will let it ride to the Patent infringement court ruling.
 
Originally Posted By: tpitcher

This one's still relatively unknown.


It's actually all over most stock message boards and penny stock newsletters.

There a some call options being written on it so I suppose that's a good sign.
 
Originally Posted By: Drew99GT
Originally Posted By: tpitcher

This one's still relatively unknown.


It's actually all over most stock message boards and penny stock newsletters.

There a some call options being written on it so I suppose that's a good sign.



Oh, ok, I don't check the newsletters.
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Enjoy!
 
Wheeeeew, I lost my shirt this morning.
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Took my short term options trading to the 1 minute chart trying to catch falling knives. That doesn't work! Oh well, live and learn.
 
http://www.bondsquawk.com/2012/07/18/u-s-already-in-a-recession/

Dun Dun DUUUUUUUUUUUUUN

"Finally I want to share with you news that the S&P is on the verge of an “ultimate” death cross. This is where a 50-month moving average (currently at 1152) falls below the 200-month average (currently 1145). The averages came close to crossing in 1978 towards the end of the 1965-82 secular bear market, but just held. By contrast Japan suffered a monthly death cross in 1998 and 14 years later we are still in the firm embrace of the bear."
 
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BIG decision timeframe for me going on now with all my accounts. Switched investment places and now loads are in bare MM cash funds.

Trying do decide what to do, as in: some cash, some bond funds, some stocks, or mostly bond funds, or mostly dividend stocks, or mostly cash or what...??? Sitting making 0.02% stinks.

Usually I know what to do, but the CRAZY financial/fiscal cliff situation worldwide has me all confused.
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Try doing some charting. Chart out the major indexes with trendlines, chart out what longer duration treasury ETFs are doing, chart out commodities, gold, silver, currencies, the dollar index etc. to get a feel for where the flow of money is going. That has helped me tremendously and it's made me much more successful, especially this year with the insane volatility.

You can use Wordens freestockcharts.com; it's the best free charting software. If that helps, stockcharts.com is awesome, but it's a monthly fee to get all the good features and over 3 years worth of data.

http://www.bondsquawk.com/2012/07/23/divergence-does-not-bode-well-for-stocks-credit/
 
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