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Trader's Desk Signals, sold out SP for 112.50 point gain!

By
Real Estate Agent with Re/Max Real Estate Limited

10/29/2008  10:00 AM

Our target of 950 was hit in the SP DEC.(SPZ08) future and we are out. A total of 112.50 points on the trade. About 125% gain on margin.

I am holding tight for a bit on this market. I am not sure of the wave count, weather we just finished a 4th wave up and will go into wave 5 down or we finished 5 down and are in an bigger advancing wave.

Momentum seem to lead to a larger advance.

We are long Crude with a sell order at $71.00

Happy Trading!

Richard 

view my new homes for sale and other real estate

Do you own research, this is what I am seeing. 

 

Comments (3)

The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Congrats on that trade - that is awesome.  I love reading your updates and just wish I was a little more liquid for these types of moves and opportunities !

Oct 29, 2008 01:24 PM
Richard Stabile
Re/Max Real Estate Limited - Oradell, NJ
Bergen County New Homes Builder Realtor

Christopher and Stephanie:

You know I always started every trading series with small money and build it up.

That is the advantage of leverage and heavy analysis.

You see futures are 20 to 1 leverage so, a 1% market move will increase 20% on margin.

Richard

Oct 29, 2008 01:31 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Richard, Looks like a sound investment there. I don't know about the crude at this time...

Oct 29, 2008 11:44 PM