My $10000 Dollars

I couldn’t sell either C or FAZ today…given the recent volatility and the upcoming news on “mark-to-market”, I figured it’s best not to choose a side yet.  If I choose to hold both for a week or two, the chances are I’ll make big money on FAZ option and C becomes near worthless FAZ option [...]

Often times people wonder “how do people look for juicy stocks to play?”  I’ve wondered that myself often.  Well now that I know the technical analysis better, I go to a list of very useful sites to give me a quick summary of the potential stock plays. Go to www.stockcharts.com stock scan page Choose from [...]

Really interesting video on naked short selling. Learn about what happened to the Bear Stern’s fall.

Many people do not realize that ETFs tracks certain indexes (for example UYG tracking financial indexes long) by reflecting the daily % gain or loss of the index. Therefore, the ETF’s gain compounds up or down depending on the behaviors of its index being tracked. For example, if a fictional “ETF Long” fund tracked 2x [...]

Financial ETF Types: XLF -Financial Select Sector SPDR This is your very basic Financial ETFs long (bullish). It tracks some of the major financial stocks such as Goldman Sachs (GS) and Morgan Stanley (MS). This is by far the least volatile financial ETF out of the others I use (outside of the normal volatility we [...]

My POT put option expired worthless today. A loss of -$1250. Oh well. But you know what, I don’t care because I made some good plays in the last two days that helped me recover any recent losses and much more. I planned, waited patiently in cash and stuck to plan, executed, and now I’ve [...]

Today I learned about how E-Minis worked. What: E-minis are futures contract tied to the major US stock indexes like S&P 500, Dow Jones, and Russell 2000. These can be traded 24/7 around the clock and the contract expires quarterly. Many people use the E-minis’ prices as a future indicator in the stock market (after [...]

Today I closed my long position on UCO.  If you recall, this was a complete accident but I ended up benefiting from it since UCO gained pretty significantly in the last two days.  I still have my POT (put option) which will probably expire worthless even though POT price is lower than when I bought [...]