Thursday, September 18, 2008

Thursday Day Trading: You Wouldn't Believe It!!

Click on chart for comments on the trade. You wouldn't believe the kind of trading this day offered. WOO HOO! There were 3 opportunities today for my trading plan and method to make some money, and one of them took off to the MOON Today!

The results are for every 2 contracts traded:

1. $500
2. $600
3. $2150

Total $3250, yes that is THREE THOUSAND and TWO-HUNDRED and FIFTY Dollars!!

So if you were trading in size today:

10 Contracts = $16,250
20 Contracts = $32,500

In other words, for many people in today's economy, you could have made your yearly salary in one day of trading today!! Most of America does not make over $30,000 per year, so just imagine the possibilities a day trading account could offer ... very interesting to say the least.

My trading method captured all 3 of these moves today, did you?

Good Trades,

David AKA Tiger

Wednesday, September 17, 2008

An Irish Blessing For You ...

Irish Blessing ... it is worth the time to wait for it to load.

Irish Blessing

Good Trades and to Better Times in the Future.

May we get through this financial crisis, and learn from it.

Good Night and God Bless,

David AKA Tiger

Wednesday Day Trading: WOW Gold Biggest One Day GAIN in History!!

Have you seen GOLD today? What does it all mean? Are we STARING into the ABYSS today?

Good Trades,

David AKA Tiger

Tuesday, September 16, 2008

Can You Say ... Stock Market Manipulation?

Click on chart for market comments. Can you say Stock Market Manipulation? No RATE change, and the market does not tank?

I have three letters for you ... PPT!!

The Plunge Protection Team at it's finest today saving a downright failure in the stock market. Is this just a boy sticking his finger in the dike?

Time will tell ... they will need more than fingers and bubble gum to keep this market up.

What will happen to AIG, Morgan Stanley, and all the others? How much of the banks were exposed to Lehman?

Let's remember our motto: "Trade What You See, NOT What You Think!" Get your opinion out of your trading, and trade what the charts are screaming at you!!

Good Trades,

David AKA Tiger

Tuesday Day Trading: Short ADR Extreme Trade Final

Final on Short trade:

1/2 off at 1198 for $300 per contract
2/2 off at 1194 for $500 per contract

Total on Trade $800 per 2 contracts.

Please note that on extreme movements I have made the decision to allow myself more freedom on my targets. I had a double target from 3 to 6 points on the downward move, and I was looking for 1170 on a fallout.

My final profit stop or trailing stop was hit at 1194 or 10 points from entry today. I will now place myself on the sidelines and wait on the FED FOMC Rate Cut news.

Good Trades,

David AKA Tiger

Tuesday Day Trading: 1194 Stop on Short Entry Now!

Move Trailing Stop to 1194 on move consolidation. This is 10 points from my entry now.

Good Trades,

David AKA Tiger

Tuesday Day Trading: Short ADR Extreme Trade

Click on chart for comments on the ES Market Trade. This trade was put on after the EXTREME Manipulated move by market makers and floor traders, etc. to bring the market back to "FILL ORDERS."

My trading plan had me short at 1204, then took 1/2 off at 1198 or $300 per contract traded, the remaining contracts first went to 1202, then now protective stop is currently sitting at 1198, on the last RED Bar down.

AT 11:50AM Eastern time moved Trailing Stop to 1194 (10 points from entry)

TARGET ON TRADE is 1170 or 2PM or Trailing Stop.

My plan is to hold through LUNCH at close out at 2PM or move my stop in accordance with any downward pressure. Ideally, I will let the market decide to take me out now. In any case, I will make sure that I am out of this trade before the FOMC rate release announcement, that is why I will close this trade before this announcement.

Good Trades,

David AKA Tiger

Monday, September 15, 2008

Video of the Week: Office Space the Movie Clip

This video clip is from one of my favorite movies, "Office Space." I mean no disrespect to any one on this video or song. It is good not to be in the office environment any longer. My favorite part of the movie is when he comes in with the drill and opens his cubcle, also the part of him gutting the fish at his desk.

To all the JerkHead bosses, I salute you. Hopefully, if you are in charge of people you treat them with the RESPECT that is do them. You never know when the next millionaire is right next to you.

In any case, it is a movie that I use as a motivator, never to go back and settling for just the average.

Good Trades,

David AKA Tiger

Monday Day Trading: ES Extreme Short ADR Trade

Click on chart for comments on the afternoon ES Market trade. My entry was at 3:15PM at 1210, and a target of 1204. This was hit and I am out of the market for the day.

Today was a perfect example of scalping for some points, but in the end it wanted to go down. My targets were 11003 on the overnight YM, and 1203.25 on the ES overnight, that was what I based my 1204 profit target on.

We also tested the ADR (average daily range), then busted through it.

Good Trades,

David AKA Tiger

Monday Day Trading: ZB Long Trades

Click on chart for comments on the ZB Market trades.

Good Trades,

David AKA Tiger

Monday Day Trading: ES Spike Reversal Long Trade

Click on chart for comments on the ES Market trade. Entry time 9:45AM Eastern time. Exit 1225, $300 for every 2 contracts traded.

David AKA Tiger