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Thread: Playable bounce coming, or a trap?

  1. #37

    Default Re: Playable bounce coming, or a trap?

    Quote Originally Posted by tsptalk View Post
    Trying to catch a falling knife... I'm going to buy SSO near the open with some of that cash, for a trade.

    Update: Filled @ 33.50. I still have about 40% cash, just in case.
    I would love to sell some of my SSO here near the close @ 37.00, but if I do I risk one of those 3-day "free ride" trading warnings, so I have to wait until the morning. I sure hope we don't gap down in the a.m.

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  3. #38

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    Default Re: Playable bounce coming, or a trap?

    Quote Originally Posted by tsptalk View Post
    I would love to sell some of my SSO here near the close @ 37.00, but if I do I risk one of those 3-day "free ride" trading warnings, so I have to wait until the morning. I sure hope we don't gap down in the a.m.
    Yeah, Scottrade suspended me from being able to trade with unsettled funds for 3 months. This was last year. I just did it again yesterday but haven't heard from them yet..................yet!!!!!!

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  5. #39

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    Default Re: Playable bounce coming, or a trap?

    Congrats, Tom I was 2 cents shy of triggering my TNA sell at $50 flat. Not worried. Could get a freebie pop tomorrow pre-market.

    BTW, that's why I like margin. Not to leverage up the wazoo, but you never get the freeride warnings. And you can be nimble as you want.

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  7. #40

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    Default Re: Playable bounce coming, or a trap?

    BTW, I'm pretty sure the shares I sold were settled if you use the "first in, first out" rule, so maybe they won't say anything. Might have just gotten an automated warning since I had shares that I "shouldn't" sell also.

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  9. #41

    Default Re: Playable bounce coming, or a trap?

    Quote Originally Posted by fedgolfer View Post
    BTW, that's why I like margin. Not to leverage up the wazoo, but you never get the freeride warnings. And you can be nimble as you want.
    I wish they would let you use margin in IRA's, but I guess that can get dangerous.

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  11. #42

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    Default Re: Playable bounce coming, or a trap?

    Ah... I see. Yeah, I've received one of those in Vanguard (in my wife's SEP-IRAs). That's almost as bad as waiting around for an IFT

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  13. #43

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    Default Re: Playable bounce coming, or a trap?

    Oh, and thanks Tom for the Sentiment Trader stats... they have been on the money. Once I failed to adhere (Jason Goepfort's symetry to re-test of the flash crash warning)... and also for the Gap Down of 2% or more in the futures... that i did take to heart.

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  15. #44

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    Default Re: Playable bounce coming, or a trap?

    Boys, I'm so far out on margin I needed a life jacket - that's why I bought myself a sacrificial account to help cover any margin calls - so far my luck is holding. Now if this bull starts to stampede again I'll move even further out on margin because the more you have in the bigger the win. A 10% correction I found out will swing my oceanic account to the tune of $500K and I'm still standing with all my assets intact and ready for the next ride higher. The lesson I learned is that I'm graduating to the big time and can handle the pain that comes along with asset growth. I suspect we've seen the bottom at Dow intraday 9774.

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  17. #45

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    Default Re: Playable bounce coming, or a trap?

    Awesome, can you buy me a DB9? I always wanted to pull into work like James Bond.

    Oh and VIX is under 30, more importantly under the mid-bolly (20 dma).


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  19. #46

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    Default Re: Playable bounce coming, or a trap?

    Quote Originally Posted by fedgolfer View Post
    I was 2 cents shy of triggering my TNA sell at $50 flat.
    Maybe you could unload some at a premium in the AH.

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