leesengtat 5 posts msg #71079 - Ignore leesengtat |
1/30/2009 9:54:44 AM
13th. & Chetron & others,
Many many thanks for your generous guidance/pointers. Though I have not started trading based on this filter, I am very encouraged that there are many`useful tools and many good ppl like u guys (god bless u guys for ur unselfish nature) to help one's trading. In my free time, I hope to understand the wisdom posted here better. Thanks again!
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chetron 2,817 posts msg #71081 - Ignore chetron |
1/30/2009 10:04:13 AM
you are very welcome.
GLTY
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13th_floor 724 posts msg #71098 - Ignore 13th_floor modified |
1/30/2009 6:43:03 PM
1/29/2009 9:01:06 PM
"FAZ up 19% off it's 39 close yesterday and only should get better as the banks get crushed again."
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Closed at 50 today...and of course it's a fast mover,it's a 3x's etf.
The sec allows this 3x's stuff yet limits you to "protect" you by having the pdt rule?
Bizarre!
FAS/FAZ are the closet thing to the casino as you'll get in stocktrading.
The amount of times I trade FAZ/FAS intraday,I'd use up my 3 trades for the week in a couple hours if under the pdt rule.
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leesengtat,
you are very welcome...please feel free to email me at
the.top.floor@gmail.com
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13th_floor 724 posts msg #71520 - Ignore 13th_floor |
2/18/2009 8:40:06 PM
FAZ from 40 to over 60 in 6 days.
Next stop 80 then 100+....watch
This market stinks..this one will thrive on it
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TheRumpledOne 6,529 posts msg #71536 - Ignore TheRumpledOne |
2/19/2009 12:43:04 PM
You're cheating 13th...lol
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13th_floor 724 posts msg #71559 - Ignore 13th_floor |
2/19/2009 6:37:24 PM
cheating maybe but FAZ picked up another $8 to 70 today.
Also,as I've said before,anyone who can master FAZ as a daytrading instrument has the world at their feet...I'm not joking.
This etf gives dollars in minutes,not pennies.
Look at the runs off the even $ marks today...58-59 60-61 all the way up...dollars in mins...you get your dollar,take it,wait for a backdown to the even,then bang it again.
Look at a 1 min chart or even 5 min chart on it,it's pretty plain to see it
Add etf TZA and SCO into the mix for these wild swings,you learn to read these 3,one might forget about AAPL juice:)
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TheRumpledOne 6,529 posts msg #71565 - Ignore TheRumpledOne |
2/20/2009 12:18:27 AM
Yes, I see how FAZ trades. It has to be computers moving the price that fast. But I noticed that if you wait for 2 higher lows or 2 lower highs, then the run is on more times than not.
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chetron 2,817 posts msg #71575 - Ignore chetron |
2/20/2009 6:48:43 AM
TRO, DID YOU BUY AT 12:42PM? = )
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13th_floor 724 posts msg #71631 - Ignore 13th_floor |
2/20/2009 6:22:48 PM
13th_floor
- Edit message 2/18/2009 8:40:06 PM
"FAZ from 40 to over 60 in 6 days.
Next stop 80 then 100+....watch
This market stinks..this one will thrive on it"
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Hit 86 today, as predicted into the 80 range...100 is next
ANY way you find to trade it intraday is fine!
If it works,use it...I've found my way....8/9 winning trades today for $1+ on 300 shares apiece.
I hold a core account of it at $50 entry that I don't touch,daytrade $20k+ for the $1 moves.
And no I don't short FAZ on the down moves,I just long FAS for that but that's another story.
These 3x's bull/bear financials are rockets.
Decent work if you can get it!
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chetron 2,817 posts msg #71632 - Ignore chetron |
2/20/2009 11:01:58 PM
VERY NICE CALL, 13TH.
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