then u answered yourself.....

there are two ways for sure win:

1) u have unlimited money to average down.
2) u have unlimited time to wait for the stock to come up again.

but all of us have limited money and time..

so how?

ok, just scan the 10,000 stocks and come out with 5 counters below 10USD. Then we pick from there.

I'm on board with UNG now. 250x 9.14, and 250x 9.22. TP 9.50

Let me tell you this.. I've been playing 3x ETF like ERX/TNA for months.. and while I've been successful with ERX/TNA side but the ERY/TZA hasn't been quite good. Last half of the year, the market trend has been bullish and it has been dreadful for bear shares like ERY and because of its 3x factor, it gets hammered down faster than it rises the even during pullback. If not for proper hedging with bull side, I would have lost tons of cash. Being bear only works for a short period of time - you gotta to know when it pivots and has clear downside trend.

Like yesterday, after Fed announcement, the bears are ecstatic.. now, they're realize it was a trap.
Asia market like HK got sidetracked and a lot of bulls weak hands sold off thinking it was bad.

That's why I say.. buy this dip, you're getting cheaper shares now.

Up we go again.. on target to 10500.

This post has been edited by danmooncake: Feb 20 2010, 12:46 AM

I am still with MGM at 10.93.

Let's pay a visit to S. Once dropped below 3.40, buy and keep for short term. That worth your 2K..

yupe.. i think so..

when my TT comes..

you can get 300 first then another 250 if dropped more than 10%, and still have 300 to spare.

Say 500 x 3.40, then it moved to 3.55, you can make 75$, safer than taking a shot at ERX.

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Added on February 20, 2010, 1:33 amRumours has it that Paulson & Soros bought S and now it is trading higher.
That's why it jumped 7% today.
On top of it, they are playing FEB Option.

This post has been edited by zamans98: Feb 20 2010, 01:33 AM

Closing update:
Dow 10402.25 +9.45 +0.09%
Nasdaq 2243.87 +2.16 +0.10%
S&P 500 1109.17 +2.42 +0.22%

That's it for this week. Bulls win! The Fed announcement scared off a lot of weak hands yesterday.
But, market looks toppish again. Serious resistance at 50MA.

Anyway, took profit for X: $2200 (Thanks to MissyFrog for this tip!) $45.50 was a good buy last week.

Getting some cash ready to trade others..

This post has been edited by danmooncake: Feb 20 2010, 06:09 AM

Learnt a lot today..

Anyway, my cat TT will take days to come.

Hopefully by the time it comes, S still there (cheap) for me to buy..

MGM is still hanging at around 10.86.

Can use averaging down to increase winning chance. May be can buy insurance (option) if not sure about the constant dip..

Thus, wining like 15% per month is already quite tough.. (but it is possible)

must cheng yumcha oredi

congratulations..

hope you can maintain the earnings every week..

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Added on February 20, 2010, 4:09 pmLuckily I have a margin account, thus my buying power is 2X. By the way, my TT has arrived.
Still learning about margin rates and rearranging the strategy.

Let's do a case study:

Worst case:
=======
If I buy 300 x 3.40 and it drops to 3.00.
So I can average down with another 300, making it become 3.20 x 600.
Then If it further drop to 2.60, I can average down with another 600, making the average price to 2.90 x 1200.
Then wait for it to raise back to 3.00, then earn 0.10 x 1200 = USD120 - commission fees - margin fee = USD 100.

Best Case:
=======
Let's say if S goes up to 3.60 x 300. Can sell it and earn 0.20 x 300 = USD 60 - commission fees = USD 54.

I still have another USD600 to play MGM.

Then risk will be: S never climb again.. But it is very unlikely right?

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Added on February 20, 2010, 4:13 pmI still think that buying stock very depends on timing and the price to enter.

Let's observe what happens to S next week..

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Added on February 20, 2010, 4:18 pmI think in order to stay long in this US market, cannot greed too much.
For me, earning like 3-5% per trade will be very adequate.

I just know that Sogotrade margin rate is 6.5%. Is this counted annually?

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Added on February 20, 2010, 4:20 pmOne more thing: stock below USD5 is not allowed to use margin..

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Added on February 20, 2010, 11:29 pmSet to buy 300 S at 3.25 once US market opens on Monday night.

This post has been edited by epalbee3: Feb 20 2010, 11:29 PM

how is everyone year of tiger & its holidays? semuanya ok?
tm got no doji, can't enter yet, but brk.b is doing well, unfortunately its forever timeframe
swing trade gambling positions, all got huat ang pow from sang harimau
manyak terima kasih kepada si tiger, however still must tread with caution

ego 12.30 exit 12.79
tyl 18.65 exit 19.26
caas 16.46 exit 17.12
brli 38.5 exit 39.82
nhi 33.21 exit 36.05
lhcg 29.83 exit 32.2
prgo 46.32 exit 49.88
vrx 34.4 exit 36.97
vprt 53.14 exit 58.87

Guys,

The Dow has recovered 5% from the fall of 9% and S&P has recovered 6% from 10%.
You know now that two weeks ago (Feb 5th and 8th) would be the best time to enter a new position.
Now, prices are more expensive.

If you're long, I wouldn't go all in. Pick and choose and scale in your entry with stops.

Good luck!

I cabut swing trade positions if buy high, sell higher type, ok or not? indexes quite up, dunno wil hav pullback or not?
not rekomen buy anything below $10
if got 1% balls, can take a look at below for swing trade since got doji, but no garanti, chances is 33% up, 33% down or 33% tidur
cnsl, mir, onp, qdel - cmfo, nuan, sncr good luck

This post has been edited by sulifeisgreat: Feb 22 2010, 09:58 PM

now looking at S.

queue at 3.25 x 300.

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Added on February 22, 2010, 10:34 pmhow to buy? everything is expensive.. rally now.. holding some MGM..

waiting for profit..

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Added on February 22, 2010, 10:53 pmlook at accomodity, it is about time for cheap sale..

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Added on February 22, 2010, 11:11 pmhas rumour that buffet is selling energy shares..

This post has been edited by epalbee3: Feb 22 2010, 11:11 PM

Because he's got his timing wrong. He bought huge amount of COP when it was back in 80s in 2008.
Big mistake.

Peh ......maestro. Solid analyst ..cayalah bro

S moved a lot, fcuk. Now shift to UNG

S buy once drop to 3.40 and below. HOLD. Re-enter gradually.