ES Journal Archive (2009 - 2010)

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Quote from Blotto:

Well managed. I saw the market being capped at the high, which is why I suggested to M3peat not to hold longs. I wouldn't have shorted where you did, but a good read to see it was capped and that you'd finally get your target. I'm not a fan of holding longs into new highs so I don't tend to trade like that.

I'm curious why you shorted 09.25 and took almost 1.5 points heat to make a point. I'm sure you understand enough to have gone short 10.25. Why not cover the 09.25 short when it wasn't working (say for -0.5) and get in again higher up?

i planned on adding at 1213.25. i was predicting the market top around 1209s
 
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