Damir's Trading Journal

out @ 9376, sorry for the late post, i was distracted by gift-bearers. at least you can get a better exit now. :)

a wonderful day. gotta keep building that cushion for the big fall.
 
Quote from damir00:

long YM @ 9352.
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Damir, when you entered this long position at around 10am, the market was at the bottom and all indicators looked very bearish, could you tell us what made you want to go long? Pure instinct or some tip here?

Thanks,

xje
 
Quote from OnTheEdge:

Way too early!! Don't sell, Damir!
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if you're long before lunch and aren't a 100 points under water, there is no reason to rush, let the trade play out to its primary target.
 
Yes, but you didn't let the trade play to the primary target. :confused: btw, I'm saving all this pithiness for your book. hehe

Quote from damir00:



if you're long before lunch and aren't a 100 points under water, there is no reason to rush, let the trade play out to its primary target.
More...
 
for the exact reason you mentioned: market was pointed straight down. the NoiseBox buys weakness and shorts strength.

(and for the sake of completeness it should be noted i had an initial entry a full 25 points from the bottom.)

buy when there is blood in the streets
-- rothschild

Quote from xje:


Damir, when you entered this long position at around 10am, the market was at the bottom and all indicators looked very bearish, could you tell us what made you want to go long? Pure instinct or some tip here?
More...
 
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