We seen the whites of their eyes and have executed a great trade!
10/9/2008 P.M., I said to buy in the SP stock index futures Dec., in the A.M. at the market (870.00) at 850.00 and at 800.00, breaking your money into 3 parts.
We got 870 1 part and 850 one part. I said last night 10/12/2008 to sell one part at 950.00 and again the last part at 975.00 today.
I also said on Thursday night we would see the biggest one day rally in history. We had that today on this trade!
About 150% on margin on one trade for just over 1 trading day in the market.
If you make 10-15% per year :)
I hope some of you subscribers got in.
I can't do better than that.
Tell your family, tell your friends to follow. Why go it alone.
We are now net flat, and the market is still going up!
We will rest and play another day.
Real estate will benefit, it is coming, the risk spread will shrink, confidence will return.
Let's get busy!
Richard
See my new homes for sale
Awesome !!! I wish we would have taken advantage... what would the symbol have been ? on the S&P index ?
This is a historic day with shorts covering for sure and the big boys buying low--aggressive traders yes, they'll play the market to the upside, for us regular folk? I'd wait.
Christopher and Stephanie:
I am referring to a stock index future, SPZ08 which is the December 2008 expiration.
The cash index is SPX. Standard and Poors 500 index.
There are also spiders trader similar to the future, but not as much leverage.
I believe it is SPY .
John:
I am a long time futures trader, over 25 years, and options before that.
People who are not able to loose should not trade.
This has been my hobby of sorts for a long time.
Last Friday, I began thinking this would be the week that things began to look a little better. Nothing can be finer than watching the Dow soar 936.42 points in one day, with the Nasdaq posting a 194.74 point gain. The market has been so schizophrenic lately, but today it seemed to hold it's ground.