Day Trading the Index Futures - How to Judge Good EntriesWritten by Mike Reed
QUESTION: If SP futures fall through support and go straight down for another two points, and I want to get short, should I a.)enter immediately, b.) two points below support, or c.)should I wait for a pullback and then try to get short?
You've got to be patient enough to wait for entries that have two things: first - a high probability of immediate gain, and second - a small potential for loss if worst happens and your hard stop gets hit. This principle applies to all entries, and it's useful to think about it when you're trying to decide whether to enter on a pullback or a continuation of a move.
Entering on a pullback offers less dollar risk than chasing market because you can place your hard stop on other side of support or resistance and risk only a point or two. (Of course, this doesn't mean you're going to hang around and let market hit your hard stop if things go wrong.)
Entering on a pullback also gives you a better chance of gaining a point or so in first 30 to 60 seconds of trade. This is important, though very few people seem to be talking about it. perhaps it's a well kept secret.
I rarely (almost never) chase
Home Equity Line of Credit Ė Great for Remodeling ProjectsWritten by Charles Essmeier
Many homeowners are lucky enough to find a house that represents exactly what they want in a home. They buy it, make payments on it, and live more or less happily ever after. Others are not so fortunate. Some buyers who live in a pricey market may have to settle for less house than they need, hoping to find a solution to their lack of space later. A third group of buyers may find that their housing needs change over time, as their family size increases. What can be done in these situations?
A common solution to these problems is to add on to house, often accomplished by converting a garage to a room, adding a room over garage, or simply adding a room somewhere else on property. For these projects, a home equity loan is a great source of financing. The home itself is used as collateral for loan, and addition actually increases value of house. As most of these projects involve a fixed cost, payments can be structured at a fixed interest rate over a specific period of time. But what about do-it-yourself project? What if problem with home isnít a lack of space, but a lack of taste on part of previous owners? Is there a better financing choice in these situations?
If your problem is gold appliances,