Today Spain Unemployment rate came at 21.52% versus estimate of 20.9%. Anyways, such news never comes out when the market is rallying upside.
This is a great market to make money. Everyday the fluctuation in the market is 3-5% if you buy stocks while there is 25-50% fluctuation in the market if you buy options in one day. So if someone invest $ 1000, they can make $30-50 profit in oneday minus trading commission, while someone invest $1000 in options, then someone can make $250- 500 in oneday. But its not the rosy picture, if you get it wrong then you can loose same money in short period of time.
Remember this market is still not ready for long term investment. There are still uncertainity in the market like super committee deadline date of November 23rd while there is another EU meeting coming on Nov 4th and 9th. Invest for long term after November 23rd only if VXX at that time is below $ 20.
Also don't keep all your egg in one basket. Keep 25% of your investment in cash to take advantage of volatility
Almost all the stocks listed in my article on October 4th, http://www.freefdawatchlist.com/2011/10/best-performing-stocks-at-52-week-low.html have jumped up from 20-90% till now.
You can short any of this stocks or take profit out of the listed in 52 week low.
The safe way to play in this volatile market is to use options on SPY, DIA, FXE.
More update coming up....
This is a great market to make money. Everyday the fluctuation in the market is 3-5% if you buy stocks while there is 25-50% fluctuation in the market if you buy options in one day. So if someone invest $ 1000, they can make $30-50 profit in oneday minus trading commission, while someone invest $1000 in options, then someone can make $250- 500 in oneday. But its not the rosy picture, if you get it wrong then you can loose same money in short period of time.
Remember this market is still not ready for long term investment. There are still uncertainity in the market like super committee deadline date of November 23rd while there is another EU meeting coming on Nov 4th and 9th. Invest for long term after November 23rd only if VXX at that time is below $ 20.
Also don't keep all your egg in one basket. Keep 25% of your investment in cash to take advantage of volatility
Almost all the stocks listed in my article on October 4th, http://www.freefdawatchlist.com/2011/10/best-performing-stocks-at-52-week-low.html have jumped up from 20-90% till now.
You can short any of this stocks or take profit out of the listed in 52 week low.
The safe way to play in this volatile market is to use options on SPY, DIA, FXE.
More update coming up....
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