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Want to get it on record that I am short again R2K @ close


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#1 viccarter

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Posted 12 July 2017 - 03:46 PM

This was a stop run for fools and suckers.  Let them play me this morning.  In my hind trader brain, I knew it was a fake out.  But stops, stops, hard stop levels is so force fed into our DNA.  At some point, hard stops (especially if you are not overlevered can be a hinderance).  If I have a position off the daily, usually my entry is good enough where I don't feel much more drawdown than an ATR stop on 60 minute bar even though I'm trading the daily bar, so my hard stops are not really under a lot of pressure.  This morning was more of a 60 minute violation that I've had all year, so I stopped out instinctively.  I felt like it was a bad decision to do it, but I did it.

 

Still got a lot of dry powder.  This morning cost me 3.90 vs. 5.40 of profits with the XOP/GDXJ profits Monday.  Don't ever get it twisted.

 

 



#2 da_cheif

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Posted 12 July 2017 - 06:40 PM

im still long from 2352.25 2410 and 2424.50.....no stops  for now   i used my accumulated margin sma to add to the positions....



#3 trioderob

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Posted 13 July 2017 - 10:34 AM

did you sell or did you stay in ?



#4 viccarter

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Posted 13 July 2017 - 03:00 PM

I did not cover.  I don't play for little 0.50% moves.  If this refuses to give us any volitility on what I know are good signals, I will just quit trading any index moves until we see some better rewards for the risk.



#5 da_cheif

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Posted 13 July 2017 - 03:05 PM

did you sell or did you stay in ?

who are you talking to......if its vic then the question must be "did you cover?"    if its me then  why ask?yes.gif