ES Journal Archive (2009 - 2010)

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Quote from ammo:

spy 6 minth,there are a couple of ledges ,blue lines,looking at the price bars they were sellers,might be support if they try to cut their losses, the nip between is 114.9-114.2...if... edit sh avg 61.5/8, leaving 56 or 66 oco bid for half,can't stick around for number
lost 4 3/8 on half position, add 66 ,avg appx. 63.75
 
the stupid part was not taking half off this morning,had a 49 bid that was never close,did the same with a 52 short,covered half and watched it go all the way back up
 
Quote from Nexen:

More highs, more buy the dips, si si si, contrarians getting killed.

Buy dips, sell rallies, it works either way.

When the LongBoyz bought all the way from 1135 down to 1040, that was pretty darn contrarian, but no one got killed from what I can see, though who knows, because we can call trades all day every day with no stops and average down until we've averaged deep enough that any decent move the other direction will eventually create a profit, but it doesn't mean anyone's actually trading that way in reality. :p
 
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