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Those are kind words JSHINV. I'm happy with the outcome of your trades for today. Best of luck to you tomorrow also.

Good advice! Thanks for sharing it.

Thank you joneog for the kind words. The market will more than likely rally, that's nearly certain. Because we both feel that way, I re-entered long with 1 position on a stop at 1199 not too long ago. My adds are awaiting at 1188.5 and 1184 in case we dump some more before we rally hard again...

Indeed I did. Who knew we would move 72 points in 24 hours! I have to take the good with the bad. Thanks for the good wishes though. I'll do my best to get them next time.

If only we knew the right answer. But what about tomorrow?

Filled on my add at 1226.75, targeting to exit 1/2 at 1245.5 Holding 6 at an average price of 1246.72 Stop at 1195 currently.

Good call from last night! I think making new lows is nearly a given. Where do you see support for this week and further out on the weeklies?

When you trade a confirmed setup, how many points do you risk on it? How is your stop determined?

I do see a good possibility for 72 though in the overnight session, without turning bullish. So long we don't stay up there all day tomorrow, the bear should stay in control. Thursdays though are known for a modest rally.

You tell them volente. The naysayers typically do not possess the proper knowledge of dynamic scaling and averaging.

Phew!! That was an exhausting trade! Out of 3 at 1262.5 for a loss of of -4.4 Targeting 1272.5 on the rest now. Looking to add 3 more at 1226.75. Cancelled the 1215.5 order. Stop on remainder of position still at 1195 at the moment.

Still holding 6 longs from a BE of 1266.90 Looking to exit 1/2 at 1262.5, and let the rest run targeting 1273. Adding 4 more at 1215.5, with a stop for now at 1195

$500?? too low to use for 1 lot. Your account must be bigger than 5k to be able to trade 10 lots, otherwise, how can you take several hits and do it again if you're not sufficiently capitalized?

I see. Do you always trade with 10 lot at a time? Do you ever add or scale in/out.? Finally, what kind of margin are you using per contract? Thank you.

Good pay day! Nice work.

If you don't mind me asking you, how do you determine your stops at the time of position initiation? I noticed you choose 3 to 4 point stop. Does it have to do with a key level that you think would not get violated?

This market wants green. Enough with the red color. It hurts my eyes :)

Why is the VIX subdued?

Yes, I was wondering the same. If 1240 holds up, we may see 1260 today. What do you guys think?

Looking to re enter long on that last add at 1227