Midday moves-What I'm doing

In sharing with you what I'm doing on the trading front be aware that it has nothing to do with Long term investing. I'm simply looking to make some money in the short term. Sometimes it's the next day and other times a bit further out. As I've explained many times on Yahoo you should not be trading with me or seeing these moves as something to learn from to use for yourself. I don't know your personal Financial situation unless I'm running it for you. I can't make any calls as to what you should do, just what I would do given the position.

Here's a couple of more good books on trading so can learn how to read a chart. If you don't use charts in some form for entries and exits on trades it's like driving blind. You wouldn't drive your car blind would you? Then why trade without a chart or knowing what to look for and how to read them? You wouldn't. Too many people do this because of the internet. It's dangerous and it's a matter of time before you hurt yourself. I'm trying to teach you how to make money not lose it.



Long term investing is very different in that you are using Fundamentals to look for a value or what's know as Value Investing. Entries are important but based on Financial statements and peer group values. You look for PPS (Price per share) that is out of line with the actual value of the current share price.

I don't like all these big down and up days. An emotional roller coaster. That is what the market is right now and it's being run by traders. So I move with them and look to sell into strength and get short or buy puts on up days and get long on down days. Unemployment is still a major issue and it's not going away. Everyone is still looking for a correction so they are booking their profits on the long side (stock going up) quickly and getting short again. These big up and down swings all smell of a big drop eventually. It should come sooner than later I just don't know when so I still nimble.

This mornings moves:

BUY ALCOA (AA) MARCH 13 PUTS @ $ .65-NEW POSTION
SELL FORD (F) MARCH 10 CALLS @ $ 1.40-BOOKED A SMALL LOSS
SELL FORD (F) MARCH 11 CALLS @ $ .77-BOOKED A SMALL GAIN
BUY FORD (F) MARCH 11 PUTS @ $ .59-NEW POSITION
BUY FORD (F) MARCH 12 PUTS @ $ 1.17-NEW POSITON
BUY TOYOTA (TM) MARCH 65 PUTS @ $ .95 & .80-ADDED TO POSITION
SOLD ELECTRONIC ARTS (ERTS) FEB 17 PUTS @ $1.05 & 1.07-Big gain from yesterday's buy @ $ .33
BUY ENERGY CONVERSION (ENER) MARCH 7 PUTS @ $.30

Want to share your moves then post them by sharing them in the comments area with everyone.

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Remember: Pigs get fat, Hogs get slaughtered. Be a Pig!

Six month Ford chart



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