POLL: Made Money or Lost Money today?

Made Money or Lost Money?

  • made

    Votes: 58 46.4%

  • lost

    Votes: 41 32.8%

  • Did nothing.

    Votes: 26 20.8%
  • Total voters
    125
Made real good money in SHORT QM positions, SHORT ES, SHORT EUR/USD, and cashed out some of my longer term Rydex 200% inverse S&P positions that I had been holding since last October.....I was looking for ES @ 1100 as my cover signal but with todays action that was good enough to scale out some of that long term trade.
 
I respect anyone that can trade days like this AS WELL as "normal days" (whatever THAT is these days). I find days like this pretty confusing and ALWAYS lose money. They're my sunspot days. Monday the 7th was another one. Lucky for me, they don't happen very often....quite a few lately though :)
 
Quote from dnaj65000:

Did you make or lose money today, Monday, Sept. 29, 2008 when the $700B bailout package got voted down?
More...

100% cash and no trades since September 15. Sleeping well.
 
I have been in cash since the 19th.

As an unexperienced position trader, I had seen nothing like the two days of 18th and 19th before (although as luck would have it, I was on the right side) and didn't fully appreciate how much political risk there was in the markets.

Since then, I have been in cash and am not planning on shorting nor going long anything until politicians calm down or find some other issue to occupy themselves with.

Since I hold overnight, I can't stomach the risk of some news coming out that will move the markets 10% up in two days, or like today, 8% down in one.
 
was watching the bailout vote on c-span

went short 2 ES @ 1160 when it started to look

like a failure....less than 2 minutes later I

click on the DOM to buy back at 1149.75 so I can

lock in 1k profit....got filled at 1146......were those

fast markets or what?

Wasnt feeling so smart 2 minutes later with ES at 1118
 
Just one trade today.... caught one of the two 10pt ES pullbacks this morning. Other than that, was not comfortable with the volatility post-vote, so I stayed out.
 
Quote from Ivanovich:


I edited the poll for "sat on hands". I hope the OP has no issue with that. If he does, I will put it back.
More...

np. = )

Although most people who chose sat on hands are either:
1) not active day traders - because if you are active you would of executed at least one trade today, long or short
2) caught long and are marrying your position as an investment.
 
You must log in or register to reply here.
Back
Top