Which is eerily similar to Babette the bimbo from across town.
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9/20/05: The Only Direction To Trade Is...
- Thread starter EtfTraderLives
- Start date
Which is eerily similar to Babette the bimbo from across town.
FWIW,
Added 1.6 parts at $38.66
$38.66 1.6 parts
$38.46 3.0 parts
$38.15 2.4 parts
$37.82 1.0 parts
70% in; Position -0.67% as of close
Have a good weekend.
Added 1.6 parts at $38.66
$38.66 1.6 parts
$38.46 3.0 parts
$38.15 2.4 parts
$37.82 1.0 parts
70% in; Position -0.67% as of close
Have a good weekend.
Added 5.0 parts at $39.15
$38.66 1.6 parts
$38.46 3.0 parts
$38.15 2.4 parts
$37.82 1.0 parts
130% short avg $38.64
$38.66 1.6 parts
$38.46 3.0 parts
$38.15 2.4 parts
$37.82 1.0 parts
130% short avg $38.64
Quote from EtfTraderLives:
Added 5.0 parts at $39.15
$38.66 1.6 parts
$38.46 3.0 parts
$38.15 2.4 parts
$37.82 1.0 parts
130% short avg $38.64
Wow that takes guts. Good luck. I think you have to admit that you were wrong even if it turns your way because in the title of this thread you said the ONLY direction to trade was down. That was clearly wrong.
Quote from lkh:
Wow that takes guts. Good luck. I think you have to admit that you were wrong even if it turns your way because in the title of this thread you said the ONLY direction to trade was down. That was clearly wrong.
It depends on your time frame... and what is the title of this thread? What DATE does it say? Have we gone past that bar?
No..
Added 7 parts $39.00
200% short
Avg $38.78
Done with this position adding.
200% short
Avg $38.78
Done with this position adding.
I dub this the "Bernanke Spanky".
Nice move on $XAU today.
Nice move on $XAU today.
Quote from EtfTraderLives:
Added 7 parts $39.00
200% short
Avg $38.78
Done with this position adding.
Yikes. So what does one do now? You have added to a losing trade 6 times and are now 200% short and under water on you highest add at the current print(39.21). You are reduced to hoping that the market turns around now and the margin gives you few options.
I am not trying to bash you but just trying to understand the logic. It does not seem like a prudent trade to me.