I’m not really expecting anything in the market today, but if I were to make a prediction it would be that the market will start lower and though it might move higher, it will end lower. There could be a lot of manipulation today, as many traders will not have a general sense of where the market will be headed. It should be going lower because nothing has been fixed for the major financial issues, only things have been postponed.
The market has been down a lot. Is this a trend? I don’t want to fight any trend, so I’m not ready to pick up calls yet, but I’m really prepared for it. I’ve been waiting to buy calls in a few high dollar stocks, just looking to make a scalping-type profit.
Oh I’m still here. Market is acting lazy and it’s making me lazy. My brokerage has been retarded lately and has been giving me log in problems. I have managed to place some trades though.
I watched the market a lot today, but did very little. I think it was because it opened up and I didn’t expect it to go down today. I was right - it stayed up and Nasdaq closed at 2691.99 + 51.13. Just two options daytrades for me today.
Market opened down and it’s now drifting. I’m waiting. There’s been no excessive fear or greed. I may just have to wait for an extreme move like that- I need an excellent risk/reward play to get me back on the track to winning this competition. So no moves for me today, just a scalp on 20 sh of FSLR (bought @ $236.33, sold @ $236.70) for a $7 gain.
It’s looking like a good put (or shorting) opportunity today. I’m watching some of my favorites and like where I might get a chance to enter.
FSLR is up pre-hours. This will be a great short or put buying chance. I’ll probably look at buying a ITM (in the money) put on FSLR if it’s up when the market starts.
The market dropped yesterday. Fed cut 25 points, apparently the traders thought that it wasn’t enough. Traders are a wild bunch, so watching the action was almost as much fun as watching my AAPL position gain $625 profit. I didn’t close my position, yet, though.
My limit order didn’t fill so I missed out on getting BIDU puts. So no trades for me today. I’ll just have to wait for a new opportunity to come along.
Today ended pretty much how I thought it would. Well, obviously BIDU didn’t finish over $400, but I only meant that if it did finish over $400, that would be a psychological thing. Anyway, nice move by the Fed to only cut rates 25 points. Thanks Bern, you helped my puts.
