S/R Emini Journal

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Quote from princessa:

well, guys, i'm dipping my toes in the water this morning. i bought 2 contracts, stopped out of one already, still holding the other....

in at 1334.5...i know hope is a bad word, but i'm hoping for 1337.
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There is no place for hope in trading.
 
Quote from DonKee:


BTW, Gary, please, don't answer this if it is too personal, but did you find yourself in more trades and making more money between May30-June 30 ???? That's when we got a ramp up in volatility.
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Don't be silly this is not personal. I found that since trading this method with out any changes I was getting my one trade a day consistantly from about April through June. But that is also when I stopped this thread for a couple of weeks because I just didn't have time for daytrading as often. So some of my number of trades dropping is due to me having to work outside the house more often. Some is due to the low range choppy days though. I was talking to my brother just yesterday and decided that next summer I will do very little trading especially with options. This is due to the low volume.
 
Quote from romik:

I would not hold past 1331.75, it's edgy at the moment looking at a possible double top, let the majors show us what they have in mind
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That is my thought as well.
 
Quote from romik:

I would not hold past 1331.75, it's edgy at the moment looking at a possible double top, let the majors show us what they have in mind
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thanks, romik, i stopped out at 1332.5. i may get back in later, but i doubt it, since i have to leave soon....


good advice, though, thanks....
 
Quote from 4re:

Don't be silly this is not personal. I found that since trading this method with out any changes I was getting my one trade a day consistantly from about April through June. But that is also when I stopped this thread for a couple of weeks because I just didn't have time for daytrading as often. So some of my number of trades dropping is due to me having to work outside the house more often. Some is due to the low range choppy days though. I was talking to my brother just yesterday and decided that next summer I will do very little trading especially with options. This is due to the low volume.
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Summer can be a great time to do credit spreads. Wait for range expansion in the May/June time frame then put on your spreads for July and August, both put and call credit spreads. That way, you watch the "air" come out of the premiums and pocket the money without a ton of risk.
 
Quote from volente_00:

There is no place for hope in trading.
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that's why i prefaced the comment by saying that i know hope is a bad word. but then i said it anyway, because who are they ( or you) to tell me what i can and cannot say?

and if you ask me, everyone hopes. it's just that a good trader knows when to cut her losses....
 
bulls are putting up a pretty tough fight here in the YM this morning. I think they feel like if they let it go much below 11665 then it's going to go for awhile.
 
Quote from princessa:

rats! stopped out of the second one.

oh well, happy trading to the rest of you....:)
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Sorry about your loss, maybe you can make it up this afternoon or if it is choppy just wait fot Monday.
 
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