TTWO was a good Unusual Suspect and gave a very nice, low-risk spot for Dummies to get short. If you don't see it, re-read the Lessons. Good night, guys.
TTWO, 15-min. Chart
I would have favored the short side this morning since the wind was blowing that way... looks like it reversed late in the day and got a little bit wild and whippy. EOD Suspects:
Here's the price list for St. John's School in Houston (the real "Rushmore").
The Minimum Performance Bond Requirements (last I checked) for trading the E-mini S&P 500 is $4,000 (Initial), $3,200 (Maintenance); for the E-mini Nasdaq 100 it's $3,750 (Initial), $3,000 (Maintenance).
So what has driven so many small traders into the E-mini futures market? The margin requirements for Pattern Day Traders are of course one major reason. Speculation doesn't die, it just shifts.
Interesting, I was thinking about the value of JBOH just the other day, and then this happens.
So they're valuing the accounts at about $1000 a pop, eh? And 23,000+ accounts hold nothing but busted technology stocks? ;-)
I got a bottle of Vanilla Coke (I never drink soda but I was desperate) and it has a mycokemusic.com code on the back of the label so I tried to see if I'd won (10% chance of winning). The damn website is in Flash and I don't have Flash because Flash is evil, so now I don't know whether I've won.
Nice Dummy set-up this morning in the E-mini S&Ps. It's another study in the risk-a-point-to-make-a-point foolishness they teach at Dinky Scalp University.
I'm off to the gym... very hot here in London today, may get a workout just walking over there.
E-mini S&P futures, 5-min. Chart
From the movie, Rushmore:
I won another tournament this morning, after losing the previous two I entered fairly quickly. My account is at a new all-time high (yes, I plot my poker equity exactly the way I plot my trading equity). So much depends on building a stack fairly early on and being able to avoid the "cliffdivers" (whom I described yesterday).
I guess the thing I try to work on most is being patient and maintaining my concentration, which is very hard. And, oh yeah, it helps to catch some cards. ;-)
Who isn't long-term bullish on Energy? In addition to enjoying price appreciation, XOM shareholders have received a nice dividend for over a hundred years.
Exxon Mobil, Quarterly Chart
From the Department of Fools Rush in Where Angels Fear to Tread:
TASR, Daily Chart
Previous Entry >>> Cleese, Glickenhaus, School of Dinky Scalp
Chairman MaoXian