Kudos to MMs

Quote from nitro:

NFV 1073.45. SPX imploded to 1041.41.

Unlucky. Edge less than 24, but hold steady.
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Wow, I need to go back to kindergarten. Edge is 32 !!!. Not only is edge > 24, we are getting close to another add point at 35.
 
Geesys, what a mind f***k. NFV 1076.40, SPX 1052.10. Edge is 24 again. Too bad we didn't get 35 edge, we would be up handsomely.

C'est la vie.
 
Quote from nitro:

Wow, I need to go back to kindergarten. Edge is 32 !!!. Not only is edge > 24, we are getting close to another add point at 35.
More...

just have the diff displayed instead of NFV or display both but look at the diff to actually place trades. when things move fast it is easy to screw up even simple arithmetic
 
Quote from shortie:

just have the diff displayed instead of NFV or display both but look at the diff to actually place trades. when things move fast it is easy to screw up even simple arithmetic
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Duh! Why didn't I think of that.
 
NFV 1081.58. SPX 1057.31.

Stay the course. Don't take profits, not even into the weekend. If you are afraid of being exposed to the w/e, buy some puts and turn your position into a synthetic call. Then reevaluate Monday.
 
The urge to take profits in the AHs here is also strong with ES + 3 1/4. Don't do it. If you must take profits and have some fear of giving up nice gains, look to see if there are any news pending tomorrow at 8:30 ET. If there is, you might take some off before then, but even then, I wouldn't.
 
NFV 11075.14. SPX 1062.48.

ESU0 was up 8 handles in the overnight session, but sold off steadily the whole night. If you took anywhere near +8, congratulations, but my continued hope is that it was out of discipline and not fear/greed.

NFV also collapsed some from Friday. Unfortunately the edge is now 13, so we are forced to take profits on the second unit at an inopportune time.
 
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