Kudos to MMs

[tradingjournals]

Quote from Maverick74:

It's not real money though. I just don't understand why one would "papertrade" this as there is nothing to be gleamed from the result.

Since you are bullish, I conclude it is a top.

 

[Maverick74]

Quote from tradingjournals:

Since you are bullish, I conclude it is a top.

I never said I was bullish and your conclusions make great fades.

 

[tradingjournals]

Quote from Maverick74:

I never said I was bullish and your conclusions make great fades.

How is your fade doing?

 

[arbs-r-us]

Quote from nonlinear5:

All right, let's do some math.

Your trades are:
2 short @1229.89,
1 short @1288.60,
1 short @1321.20,
1 short @1572,
1 short @1567,
2 short @1629,
1 short @1642,
1 short @1670,
2 short @1720,
2 short @1742,
2 short @1772,
1 short @1820,
1 short @1842,

The S&P 500 is now at 1841.
Your loss is:
2 * (1841-1229.89)
+ 1 * (1841-1288.60)
+ 1 * (1841-1321.20)
+ 1 * (1841-1572)
+ 1 * (1841-1567)
+ 2 * (1841-1629)
+ 1 * (1841-1642)
+ 1 * (1841-1670)
+ 2 * (1841-1720)
+ 2 * (1841-1742)
+ 2 * (1841-1772)
+ 1 * (1841-1820)
+ 1 * (1841-1842)
= 4229.42 points

Assuming that you are trading the ES, your loss is:
4229.42 * 50 = $211,471.00

SPX 1850. Don't forget to include all the dividends paid... And the grand total is??

 

[elovemer]

bearish market has become extremely bearish in a severe down trend

....limit down days about to begin

.... only shorts should be taken at all costs

 

[nitro]

10% correction is about 1650. Sweet profits await.

 

[2rosy]

10% correction is about 1650. Sweet profits await.

risk 10000 to make 1. What is this thread?

 

[nitro]

‘Huge amount of downside’ in S&P: Fleckenstein

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[Maverick74]

All right, let's do some math.

Your trades are:
2 short @1229.89,
1 short @1288.60,
1 short @1321.20,
1 short @1572,
1 short @1567,
2 short @1629,
1 short @1642,
1 short @1670,
2 short @1720,
2 short @1742,
2 short @1772,
1 short @1820,
1 short @1842,

The S&P 500 is now at 1841.
Your loss is:
2 * (1841-1229.89)
+ 1 * (1841-1288.60)
+ 1 * (1841-1321.20)
+ 1 * (1841-1572)
+ 1 * (1841-1567)
+ 2 * (1841-1629)
+ 1 * (1841-1642)
+ 1 * (1841-1670)
+ 2 * (1841-1720)
+ 2 * (1841-1742)
+ 2 * (1841-1772)
+ 1 * (1841-1820)
+ 1 * (1841-1842)
= 4229.42 points

Assuming that you are trading the ES, your loss is:
4229.42 * 50 = $211,471.00

Nitro, what is your breakeven price on this?

 

[nitro]

Another 100 handles (~1650) and I am massively green on positions. The question is, should I sit for 1480?

"&#8220;After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!" - Jesse Livermore