it does not matter what broker u use, you need to keep an eye on your trade. If you want to be a day trader, ensure min $25,000 in your account.

nope. AIG is like 4x ETF... but not a bad idea, if you have cash, just in case the market U turned.

Oh yeah, but not for long. Remember, 2 mega news today at 11.

SOLD LVS Long @ 15.90 x 500. My biggest gain so far.
Avg price 15.35

was u scared when it hit 14.95/15? I was happy, managed to scoop 200 @ 15.

Sell, more mega news coming...

oh yes baby.

Short position all filled last nite. My internet just up.

Short LVS at 16.15, then URE at 6.20 (arrhhh, ******* with margin hogger)

and new family member : INTEL, short a little at 19.65 (fark, it went down to 19.40)

Gold historic high, market sustain the "bad" report and life's goes on.

Wednesday's economic calendar:
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
9:30 Geithner: OTC Derivatives reform
10:30 EIA Petroleum Inventories
1:15 PM Fed's Lacker: Economic Outlook
2:00 PM Fed's Beige Book

but mega news only 1:
ADP Non-Farm Employment Change

Nope, what I meant that I should have sold it at 19.40


I dun think so, perhaps will go a little high then downwards.

Japan central bank just pumped in billions to support their economy due to appreciating YEN. So, Uncle BB still in wonderland.

GOLD just breached historic high of 1200 resistance.

On the other note, RBS keep sliding due to weaker output, but BAC still holding

Citizens are jobless, millions surviving on food-stamps and yet Obama sending 30K troop to Agfan. I won my special bet with my collegue that he's just a puppet, and thing will go as SCRIPTED by THE COMPANY. Hell, no matter who will be the president. the outcome will remains status quo.

AIG, URE, MGM, BYD.

More: FAZ, FAS, DGP, SRS, DUG, TNA

its ETF, and property stocks as underlying shares.

wow, GOLD high n higher.

Mining companies all sky-rocketing, leading by HL.

From USD4.50 (same price with C last time) now reaching $7.50 and C still dead..

Friday got mega news.. Hope to see RED all over before I will re-enter LONG position.

I'm already bearish from this point. All new entries are SHORT. INTC, URE and LVS.

if want LONG position only for UYG, coz BAC is trying to give HOPE to pay TARP (TRAP??)

Everyday up until approaching 10,500. Then what next? Correction is due. Fark - all news are poiting for rally in a doom economy. Dubai shakedown is the first warning.

People suffer, no jobs, massive lay-off, living on food-stamps, house being foreclose (even Nicholas Cage, as multi-millionaire cannot afford to pay house)

Either trader play dumb, or TIDAK APA attitude are in action.

MGM already breached 11, how low u think it will be? Back to 9? Looks like the unemployment data is fake, should be bad data. Oh well, see it tomorrow.

10:15 AM The White House has seen signs that the U.S. unemployment rate to be announced on Friday "might tick upward," spokesman Robert Gibbs says ahead of tomorrow's NFP data. Some economists have boldly predicted an uptick in payrolls

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Added on December 3, 2009, 11:41 pmmarket moving down, as it should. BAC giving up earlier gain.

Time to activate the BEARs

This post has been edited by zamans98: Dec 3 2009, 11:41 PM

Yup, congrats, Good trade. I'm yet to enter AIG, seems like 3x ETF..

Good trade. Now ERX 38, TNA 36.

Mine SHORT: URE, UYG, INTC, LVS

yep, true enuf. So shorter, time to cover. For Long lover, time to BUY ON DIPS..

Hard to say, its purely speculative: remember OIL? Then what happen?

GLD is most popular ETF, next is DGP. Or you can trade Diamond..

If you cannot afford the per share price, venture into SILVER ETFs.

Or Mining ETF from Vector.

Friday's economic calendar:

8:30 Nonfarm payrolls
8:30 Conference: Consumer in the Financial Services Revolution
10:00 Factory Orders
10:00 Forum: Policy Lessons from the Crisis

MEGA NEWS are those at 8.30. It will for sure shake the market. Buy on DIPS again?


LONDON, Dec 4 (Reuters) - The dollar was steady on Friday in cautious trade as investors awaited the U.S. government's monthly employment report for clues to the pace of recovery in the world's largest economy. Economists polled by Reuters forecast the U.S. economy lost 130,000 jobs in November, compared with 190,000 in October, while the November unemployment rate was forecast to be unchanged at 10.2 percent.

umm. not so fast.. pretty much another 1 hour. 930 Malaysia Time.

Forecast at -119K and 10.2%. Let's wait..

oh crap.. Good data from US ..

My short got squeezed...