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FOMC minutes today and Jackson Hole tomorrow, so probably treading water until then.

So reduce on a pullback, profitable is a bonus, but the main goal is to stay in until the inevitable larger pull back. Do you keep reducing during the pull back or put a break even stop once your are back in black? Thank You.

Aren't you making a loss though (on every reduction) until the big move? Edit: I see so you buy back under the last addition, on the pullback ??

Interesting, I've never thought about reducing the average as a means to stay in the game. So it's not a case of if the market doesn't do as you expected then exit at that point? Or at this stage, is it a case of when not if the market pulls back for a much larger retrace? How long will you...

Excuse my ignorance, but could you explain what you mean by this? Thanks

The market does have a bias to go up over time as companies are always striving to make a profit. However if you buy at the top you might be in trouble unless you're prepared to wait for several years and average down to bring your price down.

Looks like your strategy has a short bias as you seem to lose money when the market rallies. Just an observation.

So why reduce at this time, are you reducing your exposure (risk)? Also do you add the same number of cars each time or do you add more as price moves against you so you get closer to the current price? So say add 1+2+3+6 etc etc..

If you believe in chart patterns then it has formed a bearish triangle on the weekly.

does that mean you've just lost 10 points on that reduction?

Thanks Ammo, well I imagine they would keep pushing price up to squeeze shorts, when that is done push price down rapidly to force longs out of their positions. Not sure if goldman et al have the power to do that.

I'm not short. Looks over extended. Just saying. Does look like 2000 will be a magnet now though.

It's moved straight up for the past three days. It's also retraced nearly all of the recent down move, from 1904 ish. Thanks

This move up is looking quite extended now, must be due a retrace soon?

Married

On the weekly, looks like it's getting ready make another move down.

Hi Ammo, Is this the same trade you were in earlier @61.6 that you are adding to? Edit: Ok, thanks for adding that, so average @66 now. Thanks

Looks like they're determined to get their war.

Cant see that on the news, have you got a source? Thanks

So your stop is always 20 points, is that the nq and es or different for each? Thanks