ES Journal Archive (2006 - 2008)

[wave]

Quote from trader_arb:

contrary to popular belief, there is no advantage to selling vs buying options. if there was, why would anyone take the other side of your trade?

I'm not saying u can't make money selling, just don't be overconfident

I totally agree. Conventional wisdom is for the sheep.

 

[ammo]

dj transports have support at 5334,10 pts away,spus should be at 07-07,look to buy again there,prepared to bail if it doesn't hold,bought when spx hit 1411,and bailed for small loss

 

[kinggyppo]

Quote from kinggyppo:

Quote from kinggyppo:

This may be a good area to reload short, looking for short term resistance on the cash at 142.00. Good trading. [/QUOT

updated chart.

 

[wave]

Nice call on 1441 sgc, you missed the high by 1 tick. They will try to take it to under 1377 first, then back to 1250, then 1200.

 

[gwac]

missed it order cancelled, too greedy on my part

Quote from gwac:

08.75 order in to buy

 

[JSSPMK]

1410.25 Long off 1, stop 1408.75 +/-

 

[kinggyppo]

Quote from trader_arb:

contrary to popular belief, there is no advantage to selling vs buying options. if there was, why would anyone take the other side of your trade?

I'm not saying u can't make money selling, just don't be overconfident

This is kinda true, I would rather be long puts than short calls any
day of the week due to risk profile, ask Neiderhoffer.

 

[gwac]

good to see you posting again

Quote from JSSPMK:

1410.25 Long off 1, stop 1408.75 +/-

 

[kinggyppo]

long spy 141.12 will take some heat, stop .40 cents.

 

[kinggyppo]

Quote from kinggyppo:

long spy 141.12 will take some heat, stop .40 cents.

out 141.27