Today's Ideas:
    for morning of Tues. Jan. 29, 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's our first big opportunity of the week! Apologies for not updating sooner, but we have a medical issue with the office mascot and will be cutting out just a tiny bit early today. We'll know by 10:30 or sooner, what direction and vehicles we'll be involved in. This is a very high percentage trade, and we expect today to be very profitable. We already discussed on the ticker the names we'll be trading, b ut let's recap. If we trade for the equity markets to rise, we'll be long the NQ, and/or short the ZB (bond) futures. However, we hope we get a "short equities" scenario and that would entail us getting long SRS, and/or SKF (both are inverse 2x short etf's). Our preferred side is to get the short equities trade, as we might be able to stay with that trade through the Fed meeting tomorrow. This trade has more potential upside, but we'll take the long NQ trade if signaled. EITHER TRADE, ONCE TAKEN, IS FOR THE REMAINDER OF THE DAY, THEN EXIT. It is possible, but not yet determined, that we take the SRS (and SKF) positions overnight if profitable. However, if we enter the NQ signal long (and/or ZB short), it will be a daytrade to the close ONLY.

    This is a simple trade, so don't complicate the execution. We'll inform exactly the time and price as we enter/exit. Readers might get better or worse executions, but there is plenty of money to be made on this setup. Don't obsess about perfect entries, and then miss the bigger move. Most importantly, although this is a high percentage trade, it might fail. A successful trader always has a plan in place before he needs it. Should this trade NOT work today, have your pre-determined stop in place. We ALWAYS use stops, and frequently have them "on the books" ahead of time. Pay attention and have fun!

    Position update as of 9:12 am:

    Day traded OIH from the long side (small winner)

    Long 3 units SB (Sugar avg. price .11008)

    For previous posts visit the archives.



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