Day Trading the Index Futures - How to Judge Good EntriesWritten by Mike Reed
Continued from page 1
market. Here's why. Usually, if you chase market for your entry, you'll get filled about same time crowd's emotion is exhausted. The market will pull back and you'll have to get out immediately (if you're smart). On other hand, if you're stubborn and you don't get out immediately, you'll have to suffer through pullback and *hope* that trend continues before your stop is hit. If market gets close to your stop, you'll be tempted to move stop away just a little bit. Once you give in to temptation, you've got an expensive trading habit that may eventually take you out of business.
Whenever you find yourself *hoping* that market will come back and get you out of a bad position, you really have to head for exits *now*. Don't even think about commission, or all time you spent waiting for setup. just get out.
QUESTION: What if there is no pullback?
If market breaks through support and keeps going down without a pullback, you just have to be a pro and let it go. All lost opportunity in world won't take your account balance down, but chasing high-risk, low-probability entries will cost you.
Mike Reed is author of TradeStalker's RBI Trader's Updates. He has been trading the Market for 23 years. His support and resistance numbers have been published on the internet since 1996. Mike's nightly support and resistance zones are specific and incredibly accurate. He offers an unlimited free trial of his nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com Copyright 2005 Mike Reed
Home Equity Line of Credit – Great for Remodeling ProjectsWritten by Charles Essmeier
Continued from page 1
lime green carpet, and smiley face wallpaper, you may be looking at a remodeling project of indeterminate duration. For such a project, a better financing choice would be a home equity line of credit, or HELOC. A line of credit offers greater flexibility, both in interest rates and repayment terms, than a traditional line of credit. The loan amount is based on amount of equity in home, but funds aren’t dispersed all at once. Instead, borrower is given a checkbook, a special credit card, or both and can use them to draw upon funds at his or her leisure. Payments only apply when money is actually borrowed, and repayment plans can be arranged with both fixed and adjustable interest rates, depending on lender. This is ideal financing for someone who has purchased a fixer-upper home that needs a variety of changes, repairs, or modifications. The credit card can easily be used to purchase paint, drapes, flooring, appliances or whatever homeowner requires to make home fit their needs.
If you just need to hire a contractor to add a gameroom to your home, a traditional home equity loan would work well. For ongoing projects with indefinite timeframes and budgets, a home equity line of credit may be best choice.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation and credit counseling information and HomeEquityHelp.net, a site devoted to information on mortgages and home equity loans.