surfers $$ journal

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Quote from marketsurfer:

holding shorts into monday morning.

surfer
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I'll give you this.

You've got a method that I've only seen professional traders take, and even then they were using front month options (not mini's).

The thing is, no small (or medium sized) retail trader can take this kinda position and weather it (even with good position sizing), so that's why you're being met with disbelief ... and with the financials and the internals screaming BUY, BUY, BUY with all that profit to be had, they don't understand why you didn't just take the LONGS.

I'm sticking around to see how this one plays out.

Best Regards,

Jimmy
 
Quote from JimmyJam:

I'll give you this.

You've got a method that I've only seen professional traders take, and even then they were using front month options (not mini's)............



I'm sticking around to see how this one plays out.

Best Regards,

Jimmy
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thank you, jimmy.

have a good weekend!

surfer
 
Just got in from the night gig and couldn't resist doing an update on your position (although with a setup like that, you know exactly where you're at). This is more for us spectators who want to see if you pull off a spectacular coup ... or cry "uncle"! and get the horns out your gut.

Currently down about (64) pts YM, while not underwater, that's definitely more heat than I'm willing to take.

Thing is, the morning's action won't necessarily tell the tale, if you've caught the top (may be, as this sucker is "overbought", but it obviously hasn't turned yet) you're gonna have a lot more downside to play with than you're gonna git in one day (and after takin' this kinda heat, you're gonna deserve every point you get).

By that same token, if it keeps risin', question is, do you have any more bullets? ... and if not, what is the "uncle" point (hopefully not BEFORE this sucker turns on its tail and begins to drop like a dolphin doing flips at Seaworld!)

Hey man, I'm on your side on this one ... I always back the Underdog!

Best,

Jimmy
 

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Quote from marketsurfer:

thanks, jimmy! i am holding on short here, sticking with the studies showing topping.

best,

surfer
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If you worked for a fund you would have been fired by now. Holding a loosing position into a fed meeting, surfer you are FIRED!
 
Quote from myminitrading:

If you worked for a fund you would have been fired by now. Holding a loosing position into a fed meeting, surfer you are FIRED!
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I have heard of losing positions before....but what is a loosing postion?
 
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