Friday, October 31, 2008

October Results are Impressive $42,512.50

Total Gain on the Month Day Trading: $42,512.50

Year to Date Gain: $50,275.00
Plus October 2008: $42,512.50

Total Gain on Trading: $92,787.50

This is utilizing between a total of 2 or 3 contracts mainly in 2 markets, that is the ES and the ZB markets. ES stands for the eMini S&P, and the ZB stands for the 30 Year US Treasury Market.

ZB tics at $15.625 per tic.
ES tics at $12.50 per tic.

With this being said, October 2008 was a historic month, and most likely will be a very long time that this trading method will duplicate the total amount traded using either 2 or 3 contracts at a time in the market.

Before all of this craziness in the market, the average month was in the range of $5,000 to $8,000 per month. I am still in complete amazement of how well the trading method has worked and continues to work week in and week out.

What I am not is a person that understands how best to market myself, or another way of saying this is I am not a person that really wants all kinds of attention. But with this being said, I am still searching for the right fit and I am open to suggestions on how best to not only help you, but help myself in the process.

Some of the ideas that I have toyed with:

1. Write a Book or E Book or both
2. Live Chat Room Web Conferencing (3 to 4 days a week)
3. Go Private and Trade for Profit with a few individuals
4. Develop or or both
5. Go with a Company that has the support tools, and I simply fit myself in and get paid for my time and efforts

These are the thoughts that come off right on the top of my head. As in all things, I am open to suggestions and advice, so please feel free to get in contact with me. I know where I am strong, and I know where I am weak. Where I am obviously strong is trading and making money, but all the other stuff is a mystery to me.

Well, these are my thoughts and my feelings as I lay them out on this blog. My honest opinion is I am sitting on a gold mine, or an ATM, and I have my own personal money tree right in my backyard.

I want to wish you all the best in your trading, and I mean it when I say, if I can be of assistance to you and your trading just let me know. I promise to get back to all emails that are sent to me.

Good Trades,

David AKA Tiger

Wednesday, October 29, 2008

Tuesday, October 28, 2008

Late Session Rally Lifts S&P 500 11%

16:20 ET
Late Session Rally Lifts S&P 500 11%
Dow +889.35 at 9065.12, Nasdaq +143.57 at 1649.47, S&P +91.59 at 940.51
[BRIEFING.COM] A volatile session gave stock market bulls something to cheer about, with the Dow surging 889 points on Tuesday, as bargain hunting and short-covering offset the weakest consumer confidence reading on record.

The S&P 500 rose 3.9% shortly after the opening bell, buoyed by strength in overseas markets. The index then fell to a loss of 0.4% due to the bearish consumer confidence news, only to rally into the close at session highs with a gain of 10.8%.

Strength was broad-based with all ten economic sectors posting a gain of at least 7.5%.

Retailers rallied 13.6%, with Target (TGT 38.44, +5.75) gaining 11.7%. Pershing Square Capital Management shared ideas with Target related to an alternative ownership structure of Target's real estate. The consumer discretionary sector rose 13.1%.

The energy sector rose 11.9%, lifted by better-than-expected results at Occidental Petroleum (OXY 49.77, +7.69) and Valero Energy (VLO 16.83, +1.72). The sector also received an indirect boost from BP (BP 45.52, +6.37), which posted stronger-than-expected earnings and revenue growth.

On a related note, the materials sector climbed 12.6%, aided by better-than-expected earnings at U.S. Steel (X 32.25, +4.43).

Boeing (BA 48.85, +6.49) climbed 15.3% after it reached a four-year tentative labor agreement with its striking machinists union. The union, Boeing's largest, has been on strike since the beginning of September due to disagreements on compensation, benefits and job security. The industrials sector rose 10.0%.

In overseas trading, Asian markets rallied with Japan's Nikkei closing up 6.4% and Hong Kong's Hang Seng surging 14.4%. European stocks rose 2.3%. Germany's DAX surged 11.3% as Volkswagen spiked 81.7%, marking a two-day gain of 348% due to a short-covering fueled rally after Porsche said it was increasing its stake in the automaker on Sunday.

The gains in Volkswagen sparked some volatility in the U.S. market, with Goldman Sachs (GS 94.59, +1.71) dropping as much as 11% on speculation that it was exposed to Volkswagen short positions. CNBC reported its sources at Goldman said the company had no significant losses related to Volkswagen. The financial sector rose 12.5%.

In economic news, it was expected that consumer confidence would fall in October given the recent market turmoil, but the severity of the decline was not anticipated. Specifically, consumer confidence plummeted 23.4 to 38.0 in October, according to the Conference Board's survey. This was worse than the expected reading of 52.0. It marks the lowest level on record, which dates back to 1967.

August home prices in 20 major metro areas fell 16.6% year-over-year, according to the S&P/Case-Shiller Index, which matched expectations. Home prices have fallen on a year-over-year basis for 20 straight months.

In currency trading, the dollar soared 4.1% against the yen after reports indicated that the Bank of Japan is considering cutting its benchmark interest rate to 0.25% from 0.50%.

..Nasdaq 100 +10.9%. ..S&P Midcap 400 +8.6%. ..Russell 2000 +7.6%.

Tuesday Day Trading: ES Final Trade $4,125.00 on 3 Contracts

Click on chart for final comments on the ES Market trade.

Entry at 2:30PM Eastern time ... Entry Price 877.50
1/3 Exit at 883.50 = $300
2/3 Exit at 891.50 = $700

3/3 Exit at 940.00 = $3125

Total on Trade for every 3 contracts was $4,125.00. Total for every 2 contracts traded was $1000. This was a very nice trade to close the month of October for me. I have found the last few days at the end of the month not so healthy for my account.

I will be taking off the rest of the month, and most likely will not trade again until after the election now. I reserve the right to change my mind, but I will not trade again in the month of October now.

Once again, today's total on the trade for every 3 contracts traded was $4,125.00.

Good Trades,

David AKA Tiger

Tuesday Day Trading: Long ES Trade

Click on chart for comments on the ES Market Trade. This trade is still open with one contract trailing on the greenline, exit will be on the greenline or 4PM Eastern time, which ever comes first.

Right now this trade has already realized $1000 in trading profits, and one contract is still open, that will add to this overall profit.

Be back with the final results in a bit.

Good Trades,

David AKA Tiger

Monday, October 27, 2008

Monday Day Trading: ES Short Trade

Click on chart for comments on the ES Market trade. This was my 2nd attempt to get short this afternoon. My first trade at 3PM did not work out, but the second one went to target and the last contract came off at 4PM Eastern time. Second entry time was 3:45PM and was in the trade for 15 minutes with a tight stop on the trade.

Good Trades,

David AKA Tiger