I need to send Mitch an application for services with my not-for-profit. Might keep him from jumping. He might even be on my caseload.
On Sat, Apr 19, 2008 at 7:51 PM, Tom Hargrave <[EMAIL PROTECTED]> wrote: > Stock market day traders have been known to jump off of high buildings > after > a bad day's trading...... > > Thanks, > Tom Hargrave > www.kegkits.com > 256-656-1924 > > > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] > On Behalf Of Mitch Haley > Sent: Saturday, April 19, 2008 7:45 PM > To: Mercedes Discussion List > Subject: Re: [MBZ] OT: was McCain, now commodities trading > > "Kaleb C. Striplin" wrote: > > > > I really do not understand any of this really. So, where did you do > > this bidding? Did you actually make any money on it? > > I placed the orders with the Chicago Board of Trade (CBOT) through my > broker. I made $0.40 x 100 and $0.70 x 100, or $100.40 after commissions, > in a few minutes. Not bad for playing around on my day off. > > Then I quit, because the June gold contracts could move a buck in the > blink > of an eye, and a buck was $100 on a 100 ounce contract. 10-15 minutes > after > I quit playing with gold in the $912-913 range, it was trading for $907. > A half hour after that, it was $921-922. Buying for 912 and selling for > 912.4 to 912.7 was fun, but buying at 912 and selling at 907 would not > be fun. I had wanted to buy it around 912 and hold it for a $5 to $10 > gain, but I just got too nervous with $91k worth of gold contract sitting > in my IRA and the price moving faster than the eye could see. The longest > I kept a position open was 31 seconds according to my timestamps, but it > felt like a long time when I was doing it. > I was suprised that a single $91k gold contract would affect me more > emotionally than $250k of dow jones industrial average contracts. I think > it was because the price was moving faster than I could think, so I was > trading on instinct and probably just getting lucky. I think I'll paper > trade (pretending to trade) the gold and silver for a while and if it > looks > like I can make money I'll start playing the 33oz gold and 1000oz silver > contracts and see how it goes. Jumping in with the big contracts (100oz > gold > and 5000oz silver) isn't a smart way to start. > > I couldn't find a free live quote on the gold futures, but you can watch > the > live book for the mini dow (5x djia) and big dow (25x djia) contracts here > during market hours: (I believe it also works during E-CBOT night trading, > you can give it a try Sunday night) > http://www.cbot.com/cbot/pub/page1/1,3248,432,00.html > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > No virus found in this incoming message. > Checked by AVG. > Version: 7.5.524 / Virus Database: 269.23.1/1384 - Release Date: 4/17/2008 > 3:47 PM > > > No virus found in this outgoing message. > Checked by AVG. > Version: 7.5.524 / Virus Database: 269.23.1/1384 - Release Date: 4/17/2008 > 3:47 PM > > > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > -- LT Don http://don.homelinux.net/~don/ apt-get update apt-get upgrade The following packages will be replaced Prez Do you want to continue? [Y/n] Y _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
