NOK

Baruch · Apr 11, 2004

Quote from indahook:

I appreciate the thought. But after 3.5 years of trading(a very short time to be sure) there are two constants that I know to be eternally true. 1. Nobody has a better method than the one that makes you money. 2. Money management makes or breaks any strategy. That being said my approach works for me.

Good luck

I agree.

Good luck.

indahook · Apr 13, 2004

Quote from indahook:

Bought another 100 bringing my avg to 17.28. Moving my stop to 16.55 and tgt to 18.74 (2-1 = +1.46/-.73)

.04 away from getting stopped out at 16.55....if NOK hits my stop be prepared to go long cause thats gonna be the absolute bottom :eek:

oh well....next!

Nolan-Vinny-Sam · Apr 13, 2004

Quote from ARogueTrader:

Last Thursday's open was not as expected for a T+3 confirm.

I would have liked a gap down to at or bellow last 3 day's lows and close near Wednesday''s close or better. It may still attempt the vacuum gap fill, but it would also need overall sector mkt help.
Stops remain as stated earlier..... imo, Thur's behavior did not warrant adding to initial partial position.

ART, thanks for the heads up.

Baruch · Apr 14, 2004

Quote from indahook:

Agreed....I have my stop n at 16.55

Well, your loss became bigger, because you added to a loser. Right?

Quiet1 · Apr 14, 2004

short gamma, Baruch.

look it up in the dictionary if you need help.

Q1

indahook · Apr 14, 2004

Quote from Baruch:

Well, your loss became bigger, because you added to a loser. Right?

The loss. (sold at 16.36 today -.92*500shares=-460).

To answer your question. Yes the loss became larger after I added. But the loss was still < my max risk on every trade of $500 (1%) so it`s just another trade in my log. Sometimes when you fade a move it works out great..sometimes you are quickly proven wrong. Ho hum

yours humbled,
an average trader who sticks to his guns.

ARogueTrader · Apr 14, 2004

I added more NOK today.

I recommended ECGI at the beginning of March, which I patiently averaged into as well.

ECGI

Patience, patience, patience....

Quote from indahook:

The loss. (sold at 16.36 today -.92*500shares=-460).

To answer your question. Yes the loss became larger after I added. But the loss was still < my max risk on every trade of $500 (1%) so it`s just another trade in my log. Sometimes when you fade a move it works out great..sometimes you are quickly proven wrong. Ho hum

yours humbled,
an average trader who sticks to his guns.

Baruch · Apr 15, 2004

Quote from indahook:

The loss. (sold at 16.36 today -.92*500shares=-460).

To answer your question. Yes the loss became larger after I added. But the loss was still < my max risk on every trade of $500 (1%) so it`s just another trade in my log. Sometimes when you fade a move it works out great..sometimes you are quickly proven wrong. Ho hum

yours humbled,
an average trader who sticks to his guns.

OK. We can't winn them all. Good trading - and good luck!

StillTrading · Apr 15, 2004

My avg. cost is at 1.85.... Wont average in any more have as much exposure to NOK as I want.

LouieR · Apr 16, 2004

Which calls are you buying???