Just shorted the Obama Conference

Quote from NeoRio1:

Well there were two hours of upward movement before the trade so I put the tight stop right above the present high. Makes sense if look at the lack of volume and the price action.

I never use that small of stop during normal market hours because the volatility will stop you out in a second.
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That happens to me all the time. Got stopped out of a 6+ point move in srs at the bottom.
 
Quote from NeoRio1:

Well there were two hours of upward movement before the trade so I put the tight stop right above the present high. Makes sense if look at the lack of volume and the price action.

I never use that small of stop during normal market hours because the volatility will stop you out in a second.
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Each president affects the market differently. Obama is good for shorts because as he talks it is all about anti-capitalism , pro-government ideas.
 
Quote from omegapoint:

That happens to me all the time. Got stopped out of a 6+ point move in srs at the bottom.
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If you have a specific strategy like mine (not counting the Obama short strategy lol) you could focus on the amount of volatile movements that occur within a range at the exact point of entry before the move happens. From there you could study each winning trade and each point of entry in the last month and find the average size of movements against you before the move to your favor occurs. Shit still happens though.

The size of my stops often change a small amount from month to month.

Most of the time though winning trades move up at least a point or two right off the start if you can pinpoint the right price to enter the trade at.
 
Quote from NeoRio1:

If you have a specific strategy like mine (not counting the Obama short strategy lol) you could focus on the amount of volatile movements that occur within a range at the exact point of entry before the move happens. From there you could study each winning trade and each point of entry in the last month and find the average size of movements against you before the move to your favor occurs. Shit still happens though.

The size of my stops often change a small amount from month to month.

Most of the time though winning trades move up at least a point or two right off the start if you can pinpoint the right price to enter the trade at.
More...

I use mental stops and just eyeball the days volatility and wait for pullbacks but today I had the double bottom and got stopped out then it just took off.
 
Got stopped out at 805.75 where I entered.

At least I know what to look for next time one of these media things happen again.
 
Educated public, lol...

Like the dittoheads who have to wait until tomorrow to have Rush tell them what to think, or the Fox News viewers?

<img src=http://3.bp.blogspot.com/_SqhhJb_P3Kk/SbVhjXjGtvI/AAAAAAAAFsQ/_ewJG3bgZGU/s400/worshipping+limbaugh.gif>

<img src=http://z.about.com/d/politicalhumor/1/0/0/c/bush_sheep.jpg>

Yes, the right wing educated sheeple are easily scared...

LOL!!!

Quote from Mercor:

Good move.
Obama can't close his points, he rambles on. It scares the educated public.
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That must be what you thought was a clever retort...

No worries.

Rush will tell you sheeple dittoheads what to think tomorrow...

Quote from Mercor:

That must be your "special cuddle" friend.
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Quote from NeoRio1:

Got stopped out at 805.75 where I entered.

At least I know what to look for next time one of these media things happen again.
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I don't know if you've been paying any attention lately, but the market has been acting more bullishly whenever Bernanke ( and even Geithner ) have been speaking.

:)
 
Quote from OPTIONAL777:

That must be what you thought was a clever retort...

No worries.

Rush will tell you sheeple dittoheads what to think tomorrow...
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Many of the dunces on TV and even CBS radio are meekly raising questions about Obama's budget, and giving the republicans a lot of air. I am betting even NPR might raise some concerns, sorry.
 
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