Let's Take a Test Drive by Pay$ense

. . .now how much bounce are we going to have?

Not much so added another contract. Head-and-Shoulder pattern (along w/ resistance at breakout level) pulled me into this one.
 
Moved further down. Now the drawback (although any profit is fine) is that I took the trade off way to soon lately. Let's see if we can go with lower highs and lower lows method to ride this all the way down.

Can use a rolling STOP.

p$
 
$300 profit on two contracts thus far.

Edit: $437

I should feel good about an instant 10 point move on my only daytrade of the day.

Edit: $537

Why stop there, how about a 30 point move, lol.

Edit: $650

As expected it now bounces off the 864 level (dare we add another contract?).

I think I will go to the bathroom and then see what the market wants to do...

Well that was exciting - the market didn't do anything (much, but I feel better).
 
oops (1) contract stopped (1) point.

(2) contracts open.

Seems we reached a higher high. Without all the tools necessary to daytrade. . .this one could go either way.

Can't get greedy, though.

Current: $262

- and poof!

profit gone now with a loss.

$237 loss. Um, yeah not my cup of tea!
 
Anyways. . .that is closed with said loss.

Daily action is setting up to be a BIG head-and-shoulders pattern.

Is a massive selloff into the close pending?

If so I can adjust main positions to gain.

Just STO 2 NQ @ 1197.75 with a 5 point STOP.

We shall see.

:confused:

In other account (the one we that just lost): BTO 1ES @ 873.75 w/2 point STOP

It is gonna go one way or the other!

:cool:

OK that one is stopped., but can we get a decisive move, now?
 
Yup, <i>immediately</i> drops 5 NQ points.

Now what? Who knows. . .but further weakness will markedly improve my positions.p$

(I bet Paulson jumps in right now).
 
You must log in or register to reply here.
Back
Top