ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
This could be it guys..... The long awaited 5% correction. I bought some puts at the highs and will close out with any move to new higher highs. So basically I will suffer a very small minor loss. It most likely wont rollover straight away, it will consolidate and fake every which way before resuming its bull run or moving lower. Just a nice place to put on a homerun trade with minimal risk.
 
Quote from apex82:

This could be it guys..... The long awaited 5% correction. I bought some puts at the highs and will close out with any move to new higher highs. So basically I will suffer a very small minor loss. It most likely wont rollover straight away, it will consolidate and fake every which way before resuming its bull run or moving lower. Just a nice place to put on a homerun trade with minimal risk.
More...

So I should be OK either way according to you? :) I am on my 7th entry right now
 
Quote from romik:

So I should be OK either way according to you? :) I am on my 7th entry right now
More...

lol tops are choppy but good news is odds are for a sustained breakout tomorrow in one direction.
 
hey guys,

i'm gonna use the newbie excuse again, but i need help.

i'm holding 1 contract es long overnight - is this lunacy?

i would especially appreciate answers from:
romik
volente
4re
b1s2

thank you for your input....
 
Whatever you do, don't close out a losing trade -- you might have to post it in here for everyone to see :(

You won't have many opportunities to get long again at these prices, god forbid you might miss out on a huge rally if you close it out. Keep the faith.
 
But if you do decide to sell it, if I'm reading this journal correctly, the thing to do is to sell one more, then you can cover up the sight of a losing trade with a separate position. Repeat until you come out positive. Then you can post your results without shame.

Oh, make sure not to have stops in either to define your loss and protect your capital, "they" will gun for them for sure.
 
Status
Not open for further replies.
Back
Top