OIL got clobbered.. I aint touching it until it goes below 30.

lets hope it gives me a 10% bounce before it hits 30 lol
or im hooped
but i only bought 10% of my pofolio
so i got room

thx for the heads up sc

because you took the 1400th post, you wont get a 10% boost :D

KARMA

:haha:

lol i will settle with a 5% an hr before closing tomorrow...

in 2009 we will destroy those lows

ultimate bottom is somewhere around 6600-7500 on the dow

8600 - 8000 - 7800 - 7000

that's my support levels

yeyeye...
no major position for me...
im just gonna take it easy till jan..
mite contiune to avg down on my uso..
im only holding couple hundred shares down dollar each so no big deal
since imup dis month haha
investors r way too sentimental rite now.. too much confidence i guess
it will hit them before they know it haha
n we will be there on the short side sipping on drinks
cheers
good luck trading 09
fukin long year dis year tho haha

I guess the war is doing me good
as i have collected position in oil the pass few tradin sessions last week
start lookin into fas again as it retractes to 20...
n also lookin in to brk.a if it hit the low 70s im in lol.
ne comments neone?
feel free to bash =)
always like to hear inputs..

also,dow chemicals look migty mighty attractive too...

not even watching the financial news now

not gonna trade till new year, I am just tired and the volumn is tooooo low for my liking anywayz.

good hunting

Volume will probably be low all the way into new years.
I loaded up some 33.00 calls in USO on today's pullback.
Had good volume and price action on that upside yesterday and today in the afternoon.
Conflict should make it go higher for another few days.
Lets run this baby up! :thumbsup:

uso is MOVING right now

good hunting!!

approaching 34.5

bubble bursted...
i got out at 34...
neways good luck trading 09 guysss

Got out of my calls today as well.
Wish I bought a lot more...100+% profit. :)

nice butcha...
should show me some ropes towards options trading...
thx

Before trading options you need to be very comfortable with TA.
I would recommend buying some books about trading techniques and market behaviour before you get started.
Be familiar with multiple time-frames and know when to take your losses and profits because options move extremely fast.
Use paper money and try it out first.
You'll also need to setup a margin account if you don't have one.
Be prepared to lose some money when you first start out...I got called out a few times on margin when I first started.:haha:

^ what platform/tools/brokerage are you using for your options and charting?

I use quotetracker and bigcharts for TA analysis and quotes etc.
There are better software programs available but they cost money.
I prefer stuff for free.:)

thinkorswim

that's why I stopped margin

"Mr. L, it appears that your account needs to be properly maintained" is a fucking scary sentence.

Worse that the latex, the "I think I am late" text

:haha:

tomorrow is gonna be a bad day for american banks

I would be very careful if you are short.
Market seems like it wants to rally everyday.
Doesn't make sense with all the bad economic data but you gotta go with the trend.
I guess they are all praying Obama and his stimulus will save the economy.:haha:

yawn, wake up late, short crude, go brush my teeth, shower, come back i potentially have made enough to cover my monthly expenses, lower my stop, go eat lunch. done.

^ Saw that one coming when crude retracted from 50.. thank you DTO..