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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Q8 who wrote (109193)	9/12/2008 10:44:02 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 206223

By the dollar value it looks like BZP, Q8. What is the stock? I am on the sidelines today. No evident bargoons. S&P

To: Q8 who wrote (109193)	9/12/2008 6:15:43 PM
From: chowder	1 Recommendation Read Replies (2) \| Respond to of 206223

Q8, great job of day trading! I think you've done a good job of showing the naysayers you can make money day trading if you know what you are doing. It's a great strategy to enhance longer term positions which always suffer the roller coaster price syndrome. As I mentioned when we spoke live, I prefer to swing trade when I see specific set ups and then buy large positions to take advantage of that set up, as opposed to a lot of intraday trading. Recently, the day trade has been the better strategy from the long side. I've had some decent swing trades from the short side, but I haven't traded that much. In response to your question about the market set up 3 days ago, I did enter my trades with a swing trade mentality. I bought overweighted positions in OIH, RIG and BTU. OIH and RIG are up over 7% in 3 days, BTU up over 8%. I pared back those positions into the close by selling 1/2 of each. I now have full positions in each instead of double sized positions. (When swing trading, a full position represents 10% of my portfolio capital, an overweight position represents 20% of capital.) I have moved my stops up to the entry point to insure there isn't a loss on these positions and have already locked in profits on the other 1/2 of those overweighted positions. Will look to sell even more tomorrow, depending on the open. If the energy sector looks strong in the AM, I won't sell, I'll simply move my stops up on another 1/2 of my holdings and keep the other 1/2 to see what it can do. Again, thanks for sharing your strategies with us. I'm sure there are quite a few here that have appreciated it and learned from it.