grabbed some DUG for scalp

Goods · #1 06-25-2008, 09:34 AM

@ 28.20 for a quick one. Oil numbers show slowing demand. Oil getting smacked around today.

Goods · #2 06-25-2008, 03:32 PM

Had a nice pop then went flat and stopped me out with a small loss. Rough trade, I hate putting tight stops that soon but I couldn't watch it after the buy.

Wreck_IT · #3 06-25-2008, 09:38 PM

damn DUG could have been a great play today, it is very volatile so you have to stay on your toes with this one.

Wreck_IT · #4 07-07-2008, 09:17 PM

ugggh -I missed the DUG rally over the past few days...

Goods · #5 07-08-2008, 02:06 PM

DUG's a nice play when oil drops. Problem is, every time it drops, it's been coming right back.

Some other oil plays if you can handle the moves are ROYL and PDO. Ridiculous moves up and down.

sachsich · #6 07-08-2008, 06:54 PM

Goods,
any suggestions on books to study for a new investor? thanks in advance

Goods · #7 07-08-2008, 07:11 PM

Sachsich,
I'll recommend two to start that I like.
Technical Analysis of the Financials Markets by John Murphy & Trading for a Living by Dr. Alexander Elder.

Both will give you a nice overall idea of the market. From there you can decide what type of trader/investor you want to be.
Post any questions you have, hopefully I, or someone else here, can help.

sachsich · #8 07-09-2008, 09:14 AM

thanks for the recommendations. i will be keeping up with your posts and learning.

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