Trading?

[Laufen]

Does anyone do any day trading? I'm a bit of an amateur, but it sure looks like the djia is poised for a correction. Thoughts?

 

[Shovelhead]

I sold everything last week... I believe it is gonna tank soon.... I'm staying in cash for now.

 

[mgonza]

Got everything in Gold and Diamonds

 

[Laufen]

I sold everything last week... I believe it is gonna tank soon.... I'm staying in cash for now.

Have you ever considered and inverse ETF's such as SKF, the Ultrashort Proshares Financials?

 

[strider12]

Haven't day traded since '05.

Have everything in guns and land.

 

[JWC]

I used to day trade. The key word there is "used to". I do feel a correction is coming, but dang if I know when.

 

[Laufen]

^I paid for most of my guns trading in 2007-08.

 

[JWC]

I supplemented my income as well in 2007-2009, but not any more.

 

[MGill]

I made a little extra money in 05 but as a couple others have already said, a correction is on the horizon. I wouldn't sink a life savings in but a couple hundred can't hurt. I found I let it take up way too much time though.

 

[z3]

I have sold a ton of stuff that I was up on just to lock in some profits.

FSLR was up about 18% in the last 3 months from when I bought it
WFC is basically flat when I sold it Friday

Still holding some JNJ as well as some VZ and PFE

Thinking about dumping MO but I cant because of the dividend..


All that being said i think we will see between 3% and 5% pull back in the broad market in the next 30 days