Thursday, October 16, 2008
Buying for the IRA - SSO
Buying some SSO for the IRA again, in at 28 for a longer term play. Looking for a target of 33 (20% or 10% jump in the S&P sometime in the future). Will buy more if we drop lower. This is a 10 year monthly chart of the S&P futures. I am making this buy because I have the stomach for a drop, have a longer time frame and dont need the cash anytime soon. Much like I did last week
This is not a day trade by no means.
I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE