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    Today's Ideas:
    for morning of mon. Feb. 25, 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:

    Chart

      There simply has not been much reason to update the site last few days. We can see that many indexes and stocks are in the middle of tightening ranges, and it's important to leave it at that. We do not need to look deeper into the charts to get "some sort of signal". For now, we are staying on the sides, waiting for the best risk/reward setups in front of us. This most recent action is what separates profitable traders from "gamblers". The casino is always open, but we don't always bet. Try to refrain from shooting everything that moves, even if we ultimately pay higher prices (for longs) at later time. Simply put, there has been no discernible direction, so why get involved? Should you get into a winner, you are unable to hold with conviction, and would be better off not in the trade at all. We have made few and limited stabs at stocks last week, with slightly positive results, but it's telling us to wait for resolution. Commodities continue to make us money, stocks continue meandering. A chart of the QLD etf says it all. It's not overbought, not oversold, not trending, etc.

    On our list of possible (preferred) setups this week or next are SRS, SKF, Commodities long (just about any agriculture or metals), GOOG long, IWM short (TWM long), Canadian dollar long, JPY (yen long), AMZN long, and ATI potentially short. We are also looking to short emerging markets (EEM), it signals. Remember that we are currently NOT involved (except Sugar long), and are patiently waiting for signals to enter. 

    Position update as of 8:12 am:

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

    Trading Accounts equity at .2% away from 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.

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