ES Journal Archive (2009 - 2010)

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Quote from saliva:

We've fallen so much already, I don't know there's really much more left to fall.
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Simple question to ask :

do big players at these levels have to hedge their stock market positions or not ?
 
I see no good day trades at all so far today. With an open gap down that far away from resistance and that close to support I dont play. I have a longer term put position that I covered 5% near the same level we are at now. I would be inclined to expect a market rally end of day.

Bullish closes have been the pattern but I doubt that I will even mess with that trade today.
 
Quote from trackstar:

I see no good day trades at all so far today. With an open gap down that far away from resistance and that close to support I dont play. I have a longer term put position that I covered 5% near the same level we are at now. I would be inclined to expect a market rally end of day.

Bullish closes have been the pattern but I doubt that I will even mess with that trade today.
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Good discipline and advice. :cool:
 
I guess the trannie god wants to shake small timers like me out before initiating a rally. But I'm still in and I'm sure ther's a butt-load of others, dammit!
 
Quote from trackstar:

I see no good day trades at all so far today. With an open gap down that far away from resistance and that close to support I dont play. I have a longer term put position that I covered 5% near the same level we are at now. I would be inclined to expect a market rally end of day.

Bullish closes have been the pattern but I doubt that I will even mess with that trade today.
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that`s what i call "stealing the move"......& exactly what i mean about one way streets on PA these days..........when the bus leaves the station,it leaves in a hurry....one is either on board for the ride or they are not......very little action for the day trader to capatalize on these days.

i`m not trying to portray that i caught the move as i did`nt....i chose to go home flat for the weekend like i often do despite what i call a solid signal worth anticipating...............it had gap & crap written all over it.

i chose peace of mind vs. profit,unfortunately.
 
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