just before ISM release
10 AM plan: short @SPY107
Started by
andiron
, Sep 01 2010 08:18 AM
5 replies to this topic
#2
andiron
-
- Traders-Talk User
- 5,757 posts
Member
Posted 01 September 2010 - 09:04 AM
nixed it...wait & watch
#3
andiron
-
- Traders-Talk User
- 5,757 posts
Member
Posted 01 September 2010 - 09:07 AM
50 SMA 1080...building my shorts here... unless you believe in I H&S
#4
orange
-
- Traders-Talk User
- 1,257 posts
Member
Posted 01 September 2010 - 09:41 AM
50 SMA 1080...building my shorts here... unless you believe in I H&S
Why not wait a bit for the euphoria to die down? Like any other drug, the high doesn't stop immediately ...
"When your position is underwater, average down" - Professional Trader
#5
andiron
-
- Traders-Talk User
- 5,757 posts
Member
Posted 01 September 2010 - 10:00 AM
i will be building next few days..that's what i means..
intra day, however, i am looking for a setup to go long
#6
orange
-
- Traders-Talk User
- 1,257 posts
Member
Posted 01 September 2010 - 10:21 AM
i will be building next few days..that's what i means..
intra day, however, i am looking for a setup to go long
I'm confused ... why would you be looking to start adding shorts here for the next few days, if you are thinking about going long here? You would just be buying your shares back!
I don't know what you are going short (or long) on, or why. Even one reason would be good enough to get an idea what you are looking at.
I know other traders post their entries and exits (NAV), but he occasionally gives reasons for why he is taking a position. After following those trades you slowly get an idea of his trading style and what he is looking for in the charts.
"When your position is underwater, average down" - Professional Trader
