There will be alot of millionaires...

walau another 200points woooohooo!!

C has broken $4.

peak, got until 300+ points. ><

ya woh lol....1 min it was 200 next it was 270....walau...
dejavu of yday?

lost $195 in bulling MGM..

CROX is having a bull run today after posting a first quarter profit above Wall Street's estimates.

As posted on CNBC.com i think

List of securities and their respective 60% price range...

walau now 30points? lol!

DOW back to her feet. From 10,241 and now 10,480 up 239 points.

Battle of the bulls and bears part 2. Tonight is good for day trade.

In AAPL 230 (this is a bargain, you know it)
In CSCO 24.35 (same here)

In ERX 32.60, Out 35.50
In SSO 36.70, Out 38.80

Sold X 53, 3 pts gain from yesterday entry.

Got more STEC 12.50.

I'm scalping here.. if market will turn south later, I'll get more for daytrade.

C is danger zone if falls below 3.90 - watch it carefully. Bulls will try to push above $4 for support.

Bulls: Aim much lower to buy.
Bears: Wait for SPX to close to 1130 and hit it again. Put stop right at 1100.

This post has been edited by danmooncake: May 8 2010, 02:49 AM

yesterday won $100, today lose $191..

the market is so unpredictable..

Do it both ways..

LONG and SHORT at the same time (make sure different entry) with slightly bearish bias.
Market is moving back and forth now.. but slightly incline downwards.
but, momentum has slowed. I will slowly exit or lighten up on my bear stocks if we hit 1100 or below.
Perhaps don't short using ERY if it is not working 'coz ERX is pretty good support right now.

SSO and SDS work for me.

Closing update
Dow 10380.43 -139.89 -1.33%
Nasdaq 2265.64 -54.00 -2.33%
S&P 500 1110.88 -17.27 -1.53%

Well, it is second week..we closed in red. Shall we go for 3rd or do we have enough yet? (Just kidding.. )

Anyway, some of you who are stuck and in red and need help or suggestions during this down cycle,
don't be afraid to post your trade or ask for suggestion before you decide to cut heavy losses and call it done.

In times like this, some of us may be able to help.

Good luck to all, and safe trading next week!

This post has been edited by danmooncake: May 8 2010, 06:43 AM

Market has become very volatile.. Could not catch up with the fast pace for a trading price cycle. The stocks that give you $200 gain this minutes might give you $200 loss in 10 minutes time..

The most problem is, some people know it is bear, but still trade bull.. I traded bull for MGM.. and cut loss when it reach stop loss, then it raised back.. so funny..

To me what happens to Dow is like a Super Casino now.

You can place your bets by millions and gone within the next minutes due to the volatility of the market. Dow could be up and down by a few hundred points within hours.

Even if you want to take profits , you would lose to the speed of the HFT. So nothing much left for the human beings.

It is a game of human Vs Computers now. And trades on intraday. Computers nowaday can think and act better without feeling for the huge losses. And they are designed to read human minds and act before us. They have tonnes of investment knowledge loaded into their systems and these info can be interpreted within seconds or minutes.

So It is highly speculative. If you want to win, think of a way to beat these super computers. But do not forget, those machines could be upgraded too.

And what I say may not apply to longer term investors.

Just my view.

Happy trading to all.

This post has been edited by SKY 1809: May 8 2010, 10:52 AM

Used up all day trades...

Next Monday - Wednesday, I only can play once day trade..

so don't dare to trade too much than one counter, prepare one day trade to escape.

I will do bear trade too.. may be selling the first rally on next monday..

With smooth EU talks about the bailout, Germany agreeing to pay the aid and the EU working out an emergency fund for the entire region has lead to DOW Futures up 169!! Wooohooo. Basic materials are up at least 1.5%

Am excited to see what will happen tonight

Future looking good, but doesn't mean it will be GREEN closing.
Like last Friday, I saw GREEN sustaining for a while, then suddenly dropping 10-20 points per minutes and then more than 150pts down.

see which one will be cooked lar.. perhaps HL? or ERX?

play with care..

Today should be green wah, had been red for too long liao.