Holding short. Covered 1/2 position @ close +.60.
Sell signal was confirmed in markets as well. Holding rest with stop moved to 41.
Target 38
Took a 50% hit. Time to see how long it takes to make 100%.
- Thread starter athlonmank8
- Start date
Holding short. Covered 1/2 position @ close +.60.
Sell signal was confirmed in markets as well. Holding rest with stop moved to 41.
Target 38
Anytime you leverage a trade thinking it's a no brainer and will go much higher than where you bought, you're probably going to blow up.
Anytime you buy thinking the price is too low and fundamentally cheap, the price will keep on going lower
Anytime you sell thinking the price can't possibly go any higher, it will probably keep on going much higher while you watch from the sidelines.
Anytime you think you're going to enter a position on the next correction, the price will usually never correct. It's the minute you buy that the price will then correct. And the correction will usually be a violent one.
Anytime someone gives you a market tip that's a "sure thing", 99.999% of the time you'll lose money on that trade. By the time the information got to you, it's already priced in.
Anytime fear grips you and you start sweating while in a trade making you exit the trade. That particular position would have made you a fortune.
Anytime you buy thinking the price is too low and fundamentally cheap, the price will keep on going lower
Anytime you sell thinking the price can't possibly go any higher, it will probably keep on going much higher while you watch from the sidelines.
Anytime you think you're going to enter a position on the next correction, the price will usually never correct. It's the minute you buy that the price will then correct. And the correction will usually be a violent one.
Anytime someone gives you a market tip that's a "sure thing", 99.999% of the time you'll lose money on that trade. By the time the information got to you, it's already priced in.
Anytime fear grips you and you start sweating while in a trade making you exit the trade. That particular position would have made you a fortune.
Quote from austinp:
Trading is often difficult, tedious, laborious and frustrating. Once mastered, it is also the highest-paying profession any of us here qualify for. Unless we have some professional athletes, musicians or actors in their prime lurking amongst our midst, successful trading is the golden goose.
wise words
HAL still holding short. Stop moved to even. Not a bad sell signal I must say.
Still in sell territory. However, markets going to see another whipsaw tomorrow.
We're at support and I dont think we're going to break this level.
Either way, still looks a lot like 2000.
Still in sell territory. However, markets going to see another whipsaw tomorrow.
We're at support and I dont think we're going to break this level.
Either way, still looks a lot like 2000.
lol todd. Nah, I got it this time. HAL target hit.
+10% now. Was a rough ride.
Going to be an interesting next few weeks.
+10% now. Was a rough ride.
Going to be an interesting next few weeks.
1 down many to go. For those guys that want to rip this thing apart. HAL was called .30 off the top for a 2.5 point move. and a 1 point stop.
In addition, (an it's not a coincidence) the market also was topped and retraced approx 600 points.
Im keeping this one to myself. Too much time put into this.
GL trading guys. Going to be putting this to use with options in a bit.
So far works with day trading the ES and equities as well as swing trades.
Just need to program a stockcharts scan for this now and im set.
hah!
HAL 36.7 +~8%