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I think that's very wise. I'm not good at sitting on my hands and that still causes me to get into trouble at times. Since I tend to scale into positions the damage is limited, but can still get into trouble on the days where I simply get it wrong. I've seen some day traders who say there are...

If I get lucky, I might keep the initial position and add to it post-PPI. It's a gamble, though, but one that won't cost too much even with 50 point slippage.

I went long one micro contract here at 41 to satisfy my gambling urges. 15 point stop.

Should be interesting to see how today plays out. I like to check my statistics to get an idea of what seems most likely, but it most certainly ain't right all the time. What's to stop the market from rallying back to the highs today? Anything can happen in this market. But from what my...

Nobody 'kills' anyone. Any trader who takes a (big) loss does that to himself. But that may be just semantics. Regardless, bulls are fat on profit after this monster run, so they still have the upper hand, IMO. :)

The last few times we saw an Outside Day like this we did not take out the prior day high the next day. ES still marginally green for the week. NQ down a percent closing at weekly lows. Would guess we're stuck in the lower half of today's range tomorrow with the possibillity of some...

I'm pretty sure you said there was NO way the market would drop on today's CPI when I said we could see a nosedive. ;) That's the thing about trading with leverage at least. You do need the timing. Back inside yesterday's range now. Let's see if they squeeze it up to 65 at least. A V? Nah...

Really? If I recall correctly, you seemed pretty bullish yesterday. :) Your timing was off by one or two days.

Yes. The bears are salivating today for sure. :) What they seem to forget is that bulls are so fat on profit by now that this is nothing and they still have the strong hands. Now, this is the type of day I'd like to see before I even consider a market top. I would guess it's not, but it...

A much needed drop. The failure to thrust above yesterday's HOD was the cue. I didn't take it of course. Red day for me so far, but let's see if we can turn it around. Outside Day any minute now.

ES weekly mid range at 53. Also SPX 5600. Good enough for a bounce for now. If that breaks, looks like an Outside Day. Seems like a buy the rumor, sell the news kind of thing.

Good enough for a temporary bottom, but just broke. Could retrace the entirety of yesterday's move, but not ballsy enough to short this here. Will take a long if we snap back up from here, but not convinced right now.

5665 for a bounce maybe. Unless this actually sells off for once.

Booyah! Do we have lift-off? Bears will be jumping off buildings if we hit 5725 now.

If it's not sold and we do breakout - I think 5725 looks nice. Wrong around 82.50 for now. Covered a lot of ground already, so it's difficult to say. I still have faith in the bulls.

Should get the pop of yesterday's HOD for sure. 90.50. Watching for clues there.

Market's still green as measured by the 4PM close and we're only back down after an initial spike. Doesn't seem too dramatic to me. :)

Flat for a 3.5 point loss. This is actually good. I can get in at a better price and hopefully take on a larger position. Looking for long re-entry at some point. A big dip would be nice.

Don't want to be aggressive up here as this can easily sell back in range before (if) going higher in RTH.

Survived the first PB. Putting the stop at 92.50 as my B/E may be a tad too close. Putting in a limit sell at 5730 for now. Will add a few more on the Open if this doesn't collapse or retrace sharply by then or on the actual open. If memory serves me correctly, the market was fairly muted in...