Jump to content



Photo

hat off to Bennie ......


  • Please log in to reply
5 replies to this topic

#1 andr99

andr99

    Member

  • Traders-Talk User
  • 8,539 posts

Posted 01 September 2010 - 01:02 PM

...and his friends. Nice trap for the bears like me believing in a sideways consolidation for one more day or two before breaking down (2.7% up is not sideways consolidation) and nice bull trap set up as well for those entering long here. Longer term it changes nothing to me. Yesterday I was on average 10% in gain with my shorts, today just 8%. I will cover in october-november. Forgot...........good job Bennie

Edited by andr99, 01 September 2010 - 01:09 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#2 Architect

Architect

    Member

  • Traders-Talk User
  • 75 posts

Posted 01 September 2010 - 01:08 PM

How can you have 8% gain on your shorts on a day like today???

#3 andr99

andr99

    Member

  • Traders-Talk User
  • 8,539 posts

Posted 01 September 2010 - 01:13 PM

How can you have 8% gain on your shorts on a day like today???



stocks........not futures. USA stocks which I entered short earlier than 27th of july and italian stocks which I entered short on 27th of july when the sp was 1120, exactly. I understand that future-day traders who were short today are in panic. Not my case

Edited by andr99, 01 September 2010 - 01:14 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#4 porsche911sg

porsche911sg

    Member

  • Traders-Talk User
  • 2,907 posts

Posted 01 September 2010 - 01:17 PM

How can you have 8% gain on your shorts on a day like today???



stocks........not futures. USA stocks which I entered short earlier than 27th of july and italian stocks which I entered short on 27th of july when the sp was 1120, exactly. I understand that future-day traders who were short today are in panic. Not my case

It will top out pretty soon nothing to worry i covered my shorts and went long but i think it may last for a few days thats all.

We will double dip.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#5 andr99

andr99

    Member

  • Traders-Talk User
  • 8,539 posts

Posted 01 September 2010 - 01:25 PM

How can you have 8% gain on your shorts on a day like today???



stocks........not futures. USA stocks which I entered short earlier than 27th of july and italian stocks which I entered short on 27th of july when the sp was 1120, exactly. I understand that future-day traders who were short today are in panic. Not my case

It will top out pretty soon nothing to worry i covered my shorts and went long but i think it may last for a few days thats all.

We will double dip.


hi porsche, nice to hear you. I ' m not in this forum too often, lately, but I am 110% sure about the double dip. I am sure because I have a great faith in Bennie's skills. Best to you.

forever and only a V-E-N-E-T-K-E-N - langbard


#6 dasein

dasein

    Member

  • Traders-Talk User
  • 7,696 posts

Posted 01 September 2010 - 02:15 PM

there are a lot of stocks down hard - good for you andr
best,
klh