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Only that it is POSSIBLE it will. It is possible the spx will fall off the cliff in my OPINION. The reason of course is the debt limit crisis. As I have said (opinion only), if they don't reach a deal by market close on Friday, I would tend to think the SPX will be pounded sometime during the...

Added a limit 1274 to OCO for three oco orders.

This is an order that could be triggered overnight. Sell stop 1294 Stop (cover) 1299 Market Buy order to cover at 6:23 AM AZ Time 1st triggers OCO. Will look at it periodically in the next 5 hours and if doesn't feel right I'll cancel or revise. I am usually not sitting at my...

Dollar cost averaging - average over a period of of equal time intervals an equal amount always bullish and long. I don't think brokers try to sell that game now - too many people lost money. It doesn't work. But, it was a big selling point (brokers) at one time.

I think that the major point of contention is averaging trades that are currently losing.

When 1300 was holding and there was a hammer on the 15 minute chart (at that time looked ominous). I got out. Thing is there still can be a sell off in the in the last 30 minutes of trading. But, I am OK with settling with +2.50.

pulled the trigger at 1302.25. Late on the post. But that is what it is. Target too wide.

Yes. thanks. The worst I can do is b/e.

Stop moved to b/e above.

Intersting. Well lets see what the market thinks of it.

got filled at 1304.75

I am going away from the computer for a while. this is a 1st triggers OCO order just like the prices above. So if any prices are hit, for more than a nano second for the fill, then the trades, if filled, may not be posted real time, because I am not going to be looking at the computer screens...

Sorry posted before I saw you clarification post.

Well if it happens fear limited to a 3.75 loss. My opinion, by the weeks end if they haven't come to terms on debt ceiling, high probability spx will fall off of cliff. Remember my "opinion."

This is the one discipline I have not yet mastered. I know I have to.

order at this point: entry sell stop 1305 stop 1308.75 target 1295 I reserve the right to change target, stop or cancel order at my discretion which I will post. But good chance I will not be filled. Why such a crazy trade? Could fall off the cliff today.

LOL, don't follow me either, it may very well bounce off 50..:)

The previous low on the daily chart (around 6/20) bounced off the 200 day sma.

better say......not an auditor for FINRA or the SEC or anything like that though. But testing samples - hard copies - was in ancient history how it was done.