Today's Ideas:

    IMPORTANT : Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Thursday, October 16, 2008

    Unintended consequences

    It's surprising that Paulson and company didn't see this coming, or perhaps more disturbing, they chose to do it anyway. My bet is on the latter, as even the foolish housing speculators have figured out how to game the system. The simple fact is that our "leaders" know we are deflating, but want to let the air out as slowly as possible, so we won't notice. If conditions change too quickly, the pain becomes obvious to even the most intellectually challenged, but break it down slowly and it's much easier to digest. It is beyond me why anybody would trust Washington (or any other politician, for that matter) to do what's right for the people. It is so damn condescending to tell me what's good for me. My balance sheet is a hell of a lot better than the federal government's!

    I hate to repeat myself, but today's trading will be along the same plan that has worked the last few weeks. Short hold times, smaller sizes to accommodate the heightened volatility, and little to no overnight positions. It's difficult to share trades with readers in such a quick trade, but I'll do my best, by updating the Twitter-ticker on the right. Keep in mind that the moves are so quick, that my trades leave little room for the reader to hop on, but rather they can learn my process. I would not advise taking my trades as your own during these times, as we are in very fast markets.


    OpenID thelonelytrader said...

    I wonder what Southern California looks like. Might be a good idea at some point to get into the property management business! They gotta live somewhere.

    October 19, 2008 1:10 PM  
    Blogger itrade4real said...

    Could be, and if the trend starts to work that way, I'd consider getting involved. Then again, since the government and taxpayers will own everything, perhaps it'll all be "no income" housing!

    November 7, 2008 8:26 AM  

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