No, no role whatsoever in trade management ---- I will close only if the highs are taken out--- ---then it's over.
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Surfer Alerts
- Thread starter marketsurfer
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No, no role whatsoever in trade management ---- I will close only if the highs are taken out--- ---then it's over.
Quote from justrading:
As the link I posted recently showed, Surf is far from being the only trader who thinks a top was put in, so it is conceivable that shorts will be squeezed.
I am puzzled though as to why he did not lock in some profits when price failed to break the 50 day EMA. One could always reinstate those shorts at the next reversal, or when the 50 day EMA is finally broken.
Guess he just does not believe in trading that way.
Thanks--- yes, I pointed out the possible support setting up at the 50 day sma--- Sure you could have traded it, I feel my role here is to record my thoughts and to teach what I learned over the years---- I in no way suggest how anyone should trade--- just record how I trade. Surf
Quote from Cote Rotie:
Really? Because I'm fairly certain those who trade via TA and who you've constantly disparaged would say otherwise.
I am only speaking my truth--- if you want to believe in green unicorns and hersheyite chart patterns---that's fine with me. Once again, some TA may make sense in some circumstances some of the time but it certainly shouldn't solely be used to make trading decisions all of the time. surf
Quote from marketsurfer:
Cool, how is your trading going this year?
Very stop start with my computer troubles. Six weeks out of the market all in so I said screw this, ended up spending much more than I would have liked on a new rig. Can't focus with too many disruptions and trading without focus is gambling.
New to options so I've been trading small size thus far, but I'm scaling up already and I should know soon enough.
You only trade indices and commodities? That's my comfort zone as I read more of the macro stuff and find it easier to relate what I see happening in the market to the broader environment. Perhaps I'm wrong but trading from Thailand I worry I might miss out on snippets of corporate news that could influence the price of single stocks. That's happening right now with my PFE bear spread, but it's only 1 position with limited risk so I'll wait and see.
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