itrade4real.com

 

     

    Today's Ideas:
    for afternoon of Mon. Feb. 11, 2008

    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.

    New Update:

      Today has not presented an entry with acceptable risk/reward. It's possible we get a signal later today, but it most likely won't be until later in the afternoon. We're still looking for potential setups in GOOG long, AAPL long, and SRS long. Don't chase these up, as that could be a kiss of death in a choppy market like today.

    We've also put readers on notice that for the next several weeks (or months probably), we will not be trading the stock indexes from the long side. At times, we'll still look for short entries, but the outlook has shifted across ALL on the US indexes, and many foreign ones as well. Individual stocks and other ideas will still be long candidates, but we choose not to swim upstream on the indexes. They are plainly shorts, or nothing. IF they rally hard (and we expect some type of rally), we are using that as an opportunity to sell short for the bigger move. We anticipate many sharp rallies in the overall context of a declining market, but will not try to buy QLD, IWM, NQ, ES, SPY, etc. The times we expect "market" strength, we'll look for specific individual ideas.

    Lots of back-and-forth movement in commodities today. We took advantage of this action to roll over the Sugar futures to the May contract. Still trading this position exactly the same as we have in the past. We've updated the new contract (above), with new "average cost". Remember NOT to short any commodities, as it's asking for trouble. This morning, wheat was up over 5%, and locked limit again. It's since come off a bit, but you get the picture.

      We're also setting up for a long signal in both Corn and Cotton. Although an entry signal has not yet been triggered, we'll look for this to occur over the next week or two. We might not even get a signal, but we're hoping to get long these agriculture commodities with the wind at our backs.

       Good luck and stay focused!

    Position update as of 12:21 pm:

    Long 3 units SB (May contract avg. price .13119)

    Trading Accounts equity at ALL TIME HIGHS!

    For previous posts visit the archives.

     

     

    This site is for instructional purposes only, and is not to be construed as investment advice.

    itrade4real.com | Disclaimer | Contact Us | ©2007-2008 itrade4real.com. All rights reserved.