How low is this going? If I would have stayed in the previously discussed trade it would have been sweet but I am looking for a reversal at some point to enter long.
Schizo, It did not break down below my initial short until early this morning in the meantime I would have had to endure a 14 point potential loss until then, in this case I will go with small balls. BTW I have always enjoyed your posts.
Thanks, If I had put in a 15 point stop and waited 12 hours it would have finally gone my way but I don't have the fortitude and patience of some of you guys here. Anyway I enjoy this game and have managed to not blow myself up doing it for 10 years.
Guilty as charged. It went my way for a few points but reversed and kept going. if I had held on I would not have been rewarded but punished. I admire B1S2 for putting on trades with 100 point stops but I am not that guy.
OK thanks, what is MOC? I need to concentrate on these times of day when they are approaching. I have noticed the the same thing happening over and over again at these times.
Anybody ever notice that 10 minutes before the close is almost always a dump and 6 minutes before is often a substantial rally? Don't know why that is but it is consistent.
Traded /MES the last hour chop with slightly negative result but practiced loosening up on my stops with more comfort. It's easier to do when it won't hurt much. I think I will play in that sandbox until I am ready to put on the big boy pants.