you mentioned earlier that the profit covered an earlier loss,important not to think in terms of your nonexistant acct(in the mrkts eyes) and play the game in front of you
if Ben was a contractor building your house ,and the central banks were his crew,the concrete is soft, they left out half the support beams,didnt sweat half the copper joints,gas lines and roof are leaking,you wouldnt ever be able to live in it and it would cave in under the first heavy storm
that wont be for awhile,fed's game for the last 25 yrs is over,may have to pay for it for the next 25 yrs,the all time channel ,that upper line today is 1366 and its a big hns, so i think those previous market profiles will be useful for a longtime, that dot com and real estate bubble, in...
was a lot easier back then spu's traded in nickels,daily range was 3-4 pts,3 million was an avg nyse volume day ,3/1 4/1 uvol would never hold,you could fade it,scalpers can get killed now with sudden 5 point moves and the hft's jitterbug it to catch all the tight stops,1-2 point moves... i was...
40k is max loss ,worst case titanic,if we got above 04 in spx,we may have gone to 10 ,then 14-18,i would have been out,but the bet was we would meet res at the tl in es and cleavage in spx,same reasons over and over,doesn't always work but most of the time it does
sold 82's,86's,91's,96,98 1300,1301, avg 95.5,covered 1/4 @95,25for .25,1/4@90 for 5.5,1/4 @87.75 for 7.75 and last at 86.75 for 8.25, 217.5 pts..proof that averaging doesnt work
may hit 29.20 in spy ,may be done ,djt hit that tl from earlier chart,es printed 25k contracts on the 5 minute 89.25 low bar,spy may bounce to that small nip at 29.43 that it broke and resume down to 29.19 ...,the move usually waits til 2:15 to start,early start could mean more to unload or...