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A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Quote from OptionsCharm:
G,
Pretty good call today on the beaten FAZ and DXD, though they shook you out earlier today. You could have made 5 good points on FAZ from your entry of 37 -- I know you don't need to be reminded!
OptionsCharm
Said that to myself about 5 times as FAZ ran up to 41.00...
I kept telling Nodoji "look at that FAZ..a machine!"
G,
I took the time to read through your tread and I have to praise you for the discipline you have in place each and every time for loss only around $200. That alone is so impressive and I am sure many traders here will agree with me! minus 200s and plus 400s have added up to a great result so far. Congrats!
I have a question regarding the patterns you use on the 5 mins for entries. Do you wait until you see a mini trend, then wait until retracement to enter (in anticipation of a continuation of the trend) or do you enter at "higher lows" (for longs) that I saw mentioned a couple of times in the tread. Thanks
OptionsCharm
I took the time to read through your tread and I have to praise you for the discipline you have in place each and every time for loss only around $200. That alone is so impressive and I am sure many traders here will agree with me! minus 200s and plus 400s have added up to a great result so far. Congrats!
I have a question regarding the patterns you use on the 5 mins for entries. Do you wait until you see a mini trend, then wait until retracement to enter (in anticipation of a continuation of the trend) or do you enter at "higher lows" (for longs) that I saw mentioned a couple of times in the tread. Thanks
OptionsCharm
Quote from OptionsCharm:
G,
I took the time to read through your tread and I have to praise you for the discipline you have in place each and every time for loss only around $200. That alone is so impressive and I am sure many traders here will agree with me! minus 200s and plus 400s have added up to a great result so far. Congrats!
I have a question regarding the patterns you use on the 5 mins for entries. Do you wait until you see a mini trend, then wait until retracement to enter (in anticipation of a continuation of the trend) or do you enter at "higher lows" (for longs) that I saw mentioned a couple of times in the tread. Thanks
OptionsCharm
OC,
I go into most trading days with a bias(today was short) from the daily charts. I then try to pinpoint the best entries I can find each day to match my bias...today was FAZ and DXD longs...RIMM short. If my bias is long and the trend is up I will play higher lows, but as today went I had to wait for lower highs in RIMM to short and DIA (DXD long). The same with FAZ..I waited for the first higher high on the 5 min chart, then bought on the first higher low at 37.00.
03/17/09:
Tues a.m.:
I will have a short bias today, looking for some pullback in the markets. But I also feel like everyone and their mother in laws will be looking short as well , so if the market holds up fairly well thru the lunch break I may actually dip my toe into a long or 2.
Best case scenerio is to have a 2-3 day pullback and then start going long........we shall see
Happy St Paddy day all!
Tues a.m.:
I will have a short bias today, looking for some pullback in the markets. But I also feel like everyone and their mother in laws will be looking short as well , so if the market holds up fairly well thru the lunch break I may actually dip my toe into a long or 2.
Best case scenerio is to have a 2-3 day pullback and then start going long........we shall see
Happy St Paddy day all!