Thursday, October 16, 2008

Big money continues to fly in through my window + $ 328,000.
I have switched tactics somewhat. Since many stocks are now very cheap , I have gone to trading ETF's. Plenty of multi dollar moves there without having to get rid of 10,ooo shares of something. Today I traded only 3 names and whenever they made a good move I'd take the profit and trade them the other way. I did stay in a few longer trends as well. The market may be volatile but for today at least it was very predictable and my win/loss ratio was stunning.
A lot of traders are having big troubles in the markets nowadays but I think if they would get back to the basics and quit thinking too much about where the market is going they would do better. You definately have to have a quick trigger finger. Turn off that TV and focus on the charts.

cover SRS + 18,700 and I'm done for the day

cover SDS + $ 8300

sold SRS + $ 5600 and short 2k

sold SDS + $ 1200 and short 2k
sold OIH even, going down to 2 position s due to volatility

cover SDS -$ 240 and long 2k

sold SDS + $ 2200 and short 2k

cover OIH + $ 1200 and long 2k

sold OIH + $ 4000 and short 2k

cover SRS + $ 23,700 and long 2k

cover SDS + $ 15,700 and long 2k

cover OIH + $ 2000 and long 2k

sold OIH pop + $ 5800 and short 2k

sold SRS + $ 2900 and short 2k

sold SDS + $ 1200 and short 2k

cover OIH + $ 800 and long 2k

cover SRS + $ 2000 and long 2k

cover SDS + $ 2600 and long 2k

sold OIH + $ 2000 and short 2k

cover OIH + $ 8600 and long 2k

sold SRS + $ 9100 and short 2k

sold SDS + $ 1000 and short 2k

cover SDS -$ 180 and long 2k now

cover SRS - $ 880 and long 2k

sold SDS + $ 6000 and short 2k

sold SRS + $ 10,000 and short 2k

covered SRS + $ 4700 and long 2k now. it's breakfast time , put some stops in, decompress my brain

covered SDS + $ 11,600 and long 2k now

sold OIH + $ 5200 and short 2k now

sold SRS pop + $8500 and short again 2k. never seen sustained action like this.......

cover SRS + $ 18,100 and long 2k

sold SRS + $ 6000 and short 2k again

sold SDS + $ 2800 and short 2k

cover OIH + $ 4200 and long again 2k

sold OIH + $ 3700 and short 2k

cover SRS + $ 2200 and long 2k

cover SdS + $ 3200 and long 2k

cover OIH + $ 1000 and long 2k again. whipsaw action out there gotta b quick or your dead.

sold SDS + $480 and short 2k again

sold SRS + $ 2000 and short 2k again

sold OIH + $ 3100 and short 2k now

cover SDS + $ 2400 and long 2k

cover SRS + $ 13,900 and long 2k

cover OIH + $ 1000 and long 2k

sold SDS + $ 900 and short 2k again

cover SDS + $ 5200 and long 2k

sold OIH + $ 5300 and short 2k

covered OIH + $ 2200 and long again 2k

sold SDS + $ 2600 and short again 2k

sold SRS + $2900 and short again 2k

sold OIH + $ 3600 and short 2k