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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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I toldz ya we waz going to crash a whilze back, nowz we gonna backfillz back up forz a while. Man I have to stop impersonating TV characters, sorry for the bad english. I get cocky some times.
Know the enemy, play it's game. Study it's moves, learn it's tactics. All done while no one is paying attention.
Know the enemy, play it's game. Study it's moves, learn it's tactics. All done while no one is paying attention.
I got stopped out but went in big on the first dip on all the markets.. was able to recoup a little less than half of the ted. I am currently long nq for a retest of the high and flat on all the other markets. See where the market opens tomorrow but I havent been stopped out on a short trade in a few weeks. From experience.... this has always lead to a big reversal.
They got me good tonight... But I traded my plan, its just a matter of probabilities.
They got me good tonight... But I traded my plan, its just a matter of probabilities.
Quote from apex82:
I got stopped out but went in big on the first dip on all the markets.. was able to recoup a little less than half of the ted. I am currently long nq for a retest of the high and flat on all the other markets. See where the market opens tomorrow but I havent been stopped out on a short trade in a few weeks. From experience.... this has always lead to a big reversal.
They got me good tonight... But I traded my plan, its just a matter of probabilities.
Losses are not only inevitable but a necessity in profitable trading.
Won't be long til you strike back.
Anek
Hmm, my decision to sell my entire swing short position (SDS) right at the RTH close Monday is now looking pretty inspired.
At the time, I toyed with the idea of going long (SSO) but rejected it as too risky, given that these ETFs are traded on the AMEX and basically confined to RTH. Although that trade would have been very profitable, I believe my risk decision was the correct one and I therefore have no recriminations.
FYI, my SDS position gained 10.7% (realized) in the three weeks that I held it, and gained 5% on Monday alone. Pretty amazing performance for an equity holding in a non-marginable IRA account.
Exciting times for traders. Disastrous times for investors.
At the time, I toyed with the idea of going long (SSO) but rejected it as too risky, given that these ETFs are traded on the AMEX and basically confined to RTH. Although that trade would have been very profitable, I believe my risk decision was the correct one and I therefore have no recriminations.
FYI, my SDS position gained 10.7% (realized) in the three weeks that I held it, and gained 5% on Monday alone. Pretty amazing performance for an equity holding in a non-marginable IRA account.
Exciting times for traders. Disastrous times for investors.
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