Quote from danoXP:
Did not make money today. Market blew through 3 additional levels of stops on my US equity index short positions. One stop level on the NDX right before 4pm and close to the day high (and yes, it was if they knew it was sitting there and reached up and grabbed it) . Was painful to watch, but I made myself sit on my hands
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Did not make money yesterday either. Market grabbed the first of 4 levels of stops.
... almost lost more money in the last 2 trading days than was made in the previous 2 trading days. But, thanx to my stops, I have a slight profit (over the last 4 trading days).
Fortunately, the last time this happened (two weeks ago), the market blew through my stops (entries) on the way down again and reapplied the full short position over the next 2 day period.
Maybe I was the guy on the other side of your trades? Oh well ... which fast food restaurants are the most fun to work at?
What....wait a minute...you actually are a trader and lost money????
How dare you post on ET that you lost money....no good trader in his right mind would do something like that.....
kidding man.....funny thing is....in a yrs time from now you will still be trading....and this bozo will be manning the fry-o-lator at burger king asking his manager if he can have a 30 min break so he can go in the back and watch Mad Money.....
) . Was painful to watch, but I made myself sit on my hands 