Your Monday morning paper trade(s)?
derryb
Posts: 36,793 ✭✭✭✭✭
If the markets open on Monday with very weak equities and very strong metals what paper trades do you have on the agenda?
Me, premarket trades (after 7 a.m):
Buy AGQ
Buy TBT
Buy VXX
Nothing to sell as I recently moved to cash in preparation for this day. Although I profited, opening prices tomorrow could be high enough to prove that was a mistake. I believe the opening movements will hold for at least the trading day.
Me, premarket trades (after 7 a.m):
Buy AGQ
Buy TBT
Buy VXX
Nothing to sell as I recently moved to cash in preparation for this day. Although I profited, opening prices tomorrow could be high enough to prove that was a mistake. I believe the opening movements will hold for at least the trading day.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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Comments
<< <i>It might be hard to enter many stock-type positions as I expect them to open with the direction the futures are pointing. >>
Market orders (market price) should go through but price could be high. I will be waiting a few minutes after 7 a.m. to try to gauge a movement direction.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>If the markets open on Monday with very weak equities and very strong metals what paper trades do you have on the agenda?
Me, premarket trades (after 7 a.m):
Buy AGQ
Buy TBT
Buy VXX
Nothing to sell as I recently moved to cash in preparation for this day. Although I profited, opening prices tomorrow could be high enough to prove that was a mistake. I believe the opening movements will hold for at least the trading day. >>
It was just a few days ago you mentioned getting into VXX @ 11,000!
<< <i>
<< <i>If the markets open on Monday with very weak equities and very strong metals what paper trades do you have on the agenda?
Me, premarket trades (after 7 a.m):
Buy AGQ
Buy TBT
Buy VXX
Nothing to sell as I recently moved to cash in preparation for this day. Although I profited, opening prices tomorrow could be high enough to prove that was a mistake. I believe the opening movements will hold for at least the trading day. >>
It was just a few days ago you mentioned getting into VXX @ 11,000! >>
May have to jump sooner, we could easily blow right pass Dow 11,000.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Having said that, if you choose to trade this week, then I would expect lots and lots of volitility. I could see the DOW down 500 one day, and back up 300 the next, all week long.
I think investors should invest in some alka seltzer this week.
monday is going to be crazy.