Waiting

I haven’t put additional funds into my account… not yet anyways.  For now, I am waiting for an opportunity.   

One reason I haven’t added $20k into my account (yet)  is because Michael warned me about the Lindsey Zone:

Reason #2:  it just seems like I should be able to find that 100% play that will get me back in the game. 

Reason #3:  It appears my brokerage ignores pattern daytrader rules.  I can do as many roundtrips in a day as I want even though my account value is below $25000.  I have only been with this brokerage for 7 weeks so maybe they haven’t gotten around to placing restrictions on my account yet.  But if no pattern daytrader restrictions are placed on my account, I should be able to add less than $20k into my account and do just fine.  I haven’t decided what amount to add yet. 

I continue to monitor the market.  A lot of sectors such as retail, airlines, and semi-conductors are making new lows, as if they are predicting a recession ahead.  They’ve been doing this month after month while many momentum stocks linger near their highs.  AAPL, GOOG, AMZN, BIDU, FSLR, RIMM - off their highs but not off enough.  There’s no fear in the market yet.  It feels like it’s too late to short, too early to buy.  I am just waiting.  I scalped some CROX today which adds a few measly dollars into my account, but no position trades for me yet. 

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Posted: January 7, 2008 at 2:48 pm

Posted By: Lindsey Wu

News Category: -Lindsey, AAPL, AMZN, BIDU, FSLR, GOOG, RIMM

 

 

3 Responses to “Waiting”

  1. The race is to $100,000.
    The race is not to make $100,000. If the race to profit $100,000 than the race would be from $5,000 to $105,000.
    If you think that men are better than women, and are willing to admit it, than I’m fine with you taking your $20,000 and racing me to $100,000 total.

    I think that we should have a bet on this though, something like, the loser washes the winner’s car in a bikini. And picture taking is allowed of the car wash.

    Michael on 07 Jan 2008 at 3:30 pm

  2. You’re right, my math is wrong. The race is to make a $95,000 profit, not $100,000. So I’ll just put in $20,000 and profit $95,000 and I win.

    Lindsey on 07 Jan 2008 at 3:57 pm

  3. I actually think that you should put in more money. The race is to $100,000 and there are no rules as to what you can or can’t trade. It seems that starting with $5,000 is just too difficult for you and I empathize with your situation.

    When you deposit whatever amount of money that will get you into your comfort zone, we’ll call it a woman’s handicap.

    Michael on 07 Jan 2008 at 3:59 pm
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