Damir's Trading Journal

Quote from Kap:

yup thats correct, feeling very reluctant to short again today unless we see some extreme peaks.
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I decided not to short when I saw TRIN at .59; very bullish. I'd rather sit out a day than have my a$$ handed to me shorting into strength, regardless of the source of this strength. I'm bearish as hell but am sitting this one out. I tried to be a hero last week shorting into strength and my acct. paid for it. My acct needs some TLC now so I will be going with a wait-and-see approach.

-FastTrader
 
Quote from Fast_Trader:


I decided not to short when I saw TRIN at .59; very bullish. I'd rather sit out a day than have my a$$ handed to me shorting into strength, regardless of the source of this strength. I'm bearish as hell but am sitting this one out. I tried to be a hero last week shorting into strength and my acct. paid for it. My acct needs some TLC now so I will be going with a wait-and-see approach.

-FastTrader
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Im embarrassed!!!!!!
You should have typed this a week ago!!!!
This statement could have saved me alot of $$$$
How selfish of you.:) :) :) :) :D

I truely agreee.
:cool:
 
Hey, do you guys watch the Market Depth on YM to get some clue on S/R? For example, I was watching the depth on YM and saw Bid for over 200 contracts at 9570, so when I shorted it at 9575, I covered at 9571 since the 200 contracts at 9570 weren't gonna let price drop through 9570. And that's exactly what happened, it bounced off of 9571, and went back up to 9575, but now the Size of 200 had moved down to the 9567 level, and when YM came down this time, it went down to 9568 and then bounced.

Anyone else notice this or am I just nuts :D

-FastTrader
 
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