Alert: Crude Tops $139, $150 End of Week?
Quick update on the crude front. Crude just hit $139.89 early this morning which may be the reason why futures have taken a large hit pre-market. Crude is currently trading at $138.35. I know Goldman and others were predicting crude to $150, but who knows. Maybe we’ll see $150 by the end of the week?
Daily Recap - May 14, 2008
Okay.. someone explain to me what the heck just happened. Here’s a 1 minute chart of the Q’s.
Around 2:30 (yes, that 2:30 reversal period), the Qs and the rest of the market went right down the toilet. I think the bears were mocking the bulls and were loading up just to give them some false […]
Daily Recap and Status - May 8, 2008
No trades taken yesterday due to other commitments. I was around in the morning and could have traded a perfect short on Visa but was unable to pull the trigger. I’ve noticed that happening more and more as of late which reminds me of my trading fears about 3 months ago after the markets crashed […]
Daily Recap and Status - May 7, 2008
Another rough day and once again it’s inexperience that causes me so much pain. Today additional funds were deposited into my account, finally giving me access to futures trading. My first NQ futures trade was successful, no matter how small the victory. Subsequent attempts at trading the NQs resulted in failure.
Trades taken: 5 x NQ
P/L: […]
Daily Recap and Status - May 6, 2008
STOP DAYTRADING!
Someone please remind me to do the above. I’m not an options day trader. I’m losing too much money trying to day trade. Sigh.
Trades taken: 2 (Visa puts)
P/L: -$50
Today appears to be a better day. First, my deposits into my account have cleared. Our tax rebates have finally […]
