Grinding it out, day after day

Quote from TheAngryHermit:

Yep. I agree. Letting $25,000 (more money than the masses make in a year) turn into $5,000 is not a good day. That can't be part of your strategy. Override that computer and lock in some profit. :D
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Systematically lock in say 10k, and you'll be unable to sit for those 50k+ days. It all depends on how much you think you deserve . . .
 
Lescor,

Thank you for taking the time to create the thread and stick to it.

Are you willing to throw the losers a bone here ?

I need a push to the right path, no matter what I do, over the course of time I seem to do break even at best.

The only strategy that has ever worked for me is buying indices only in bear markets and adding as it goest against me without using leverage and holding for profits no matter how long it takes. Nothing else ever works for me.

Thanks for the "bone".


ESD
 
Quote from lescor:

Well this blows. Nasdaq has decided the bust point on IWP is 18.66. I'm long 1000 shares at 15.01. Closed at 47.

I figured I'd lose it anyway, but damn, it sucks when it is that close.
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They should have let you keep the shares. Teach people a lesson.

Of course, if they do that once too often you'll have to find honest work , cause there wont be much trading.
 
Quote from stock777:

They should have let you keep the shares. Teach people a lesson.

Of course, if they do that once too often you'll have to find honest work , cause there wont be much trading.
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You think trading is dishonest work?
 
Viva la Vix!! We knew the money tap was turned back on two weeks ago and today it was set to "gush". +151k for the week. 1.3M shares traded. Daily pl was +1, +25, +5, -1, +121. Best week since March last year. Today was my best day since Oct '08.

Picture perfect setup this morning. Rising vix all week, scary close yesterday, gap down today, options expiration and a scary 5 point drop in the spoos right into the bell. Fade the fear and be long and strong was the text book play. I had several million dollars at work early on and played as patiently as I reasonably could. I tried not to stress over my huge spy short, but I needed to hedge that much exposure. The day was actually pretty uneventful after the first hour or so. I didn't leave my desk, just watched and waited for the bell, hoping we wouldn't have a meltdown.

Glad it's the weekend, but I'm looking forward to more volatility and big swings next week.
 
Quote from lescor:

Viva la Vix!! We knew the money tap was turned back on two weeks ago and today it was set to "gush". +151k for the week. 1.3M shares traded. Daily pl was +1, +25, +5, -1, +121. Best week since March last year. Today was my best day since Oct '08.

Picture perfect setup this morning. Rising vix all week, scary close yesterday, gap down today, options expiration and a scary 5 point drop in the spoos right into the bell. Fade the fear and be long and strong was the text book play. I had several million dollars at work early on and played as patiently as I reasonably could. I tried not to stress over my huge spy short, but I needed to hedge that much exposure. The day was actually pretty uneventful after the first hour or so. I didn't leave my desk, just watched and waited for the bell, hoping we wouldn't have a meltdown.

Glad it's the weekend, but I'm looking forward to more volatility and big swings next week.
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care to share some of your biggest winners today?
 
Actually, surprisingly few big winners, just lots and lots of small to medium ones, and almost no losers. My best trade was USB off the open. Don't remember exactly but something like 5000 shares and up a buck within minutes.
 
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