Price target $69.
Atilla this one is for you
Started by
isaac613
, Mar 04 2008 01:21 PM
7 replies to this topic
#2
A-ha
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Posted 04 March 2008 - 03:45 PM
Price target $69.
thank you ....
if the market didnt turn, you would ride it to 59 not 69...even with the current rally it is still under where you bot...
good luck...
Edited by A-ha, 04 March 2008 - 03:46 PM.
#3
vitaminm
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Posted 04 March 2008 - 03:53 PM
Es ship did wobble thru hi winds but now in control!
vitaminm
#4
A-ha
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Posted 04 March 2008 - 03:58 PM
Es ship did wobble thru hi winds but now in control!
see even an overpowered imbecile like bernanke can not delay the inevitable for more than a few hours....
Edited by A-ha, 04 March 2008 - 03:59 PM.
#5
rkd80
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Posted 04 March 2008 - 06:18 PM
Atilla,
Do you have a stop for those longs? today was looking kind of shaky at 1307....
rkd
“be right and sit tight”
#6
A-ha
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Posted 04 March 2008 - 07:20 PM
I gave an approximate stop at 1300 when i first initiate a long at 1320... it is still the stop i have in mind... i dont place hard stops, never...
if i am convinced, i can sell them at 1315...i dont wait 1300...
as you may remember, i was expecting an IT bottom within 1300-1320 layer ... it could be 1305 or 1315 ... doesnt matter... benny the idiot caused a small downside extension today
as an IT trader who made several 100+ sp points over the last 12 months, i can tolerate 20-30 point drawdown ... that is the thing most traders can not agree with my style because most are daytraders here...
Edited by A-ha, 04 March 2008 - 07:22 PM.
#7
rkd80
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Posted 04 March 2008 - 07:41 PM
20-30 points for an IT trade is perfectly reasonable imo, some other guys here have even wider stops that are a bit mind boggling.
what I am more curious about in terms of your trading - how do you havendle the emotional rollercoaster. You went long about a month ago and were up huge, then all your profits vanished and you are back where you started from. Not quite a buy + hold strategy, but compared to short term trading...feels like it.
I get very frustrated when I am up 10-15 ES points and give it all back! I am wondering how you handle watching 60-80 points profit evaporate.
“be right and sit tight”
#8
A-ha
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Posted 04 March 2008 - 08:12 PM
20-30 points for an IT trade is perfectly reasonable imo, some other guys here have even wider stops that are a bit mind boggling.
what I am more curious about in terms of your trading - how do you havendle the emotional rollercoaster. You went long about a month ago and were up huge, then all your profits vanished and you are back where you started from. Not quite a buy + hold strategy, but compared to short term trading...feels like it.
I get very frustrated when I am up 10-15 ES points and give it all back! I am wondering how you handle watching 60-80 points profit evaporate.
most of the time, especially if the position is large, i micromanage the position but i dont post them here, it will be 10s of messages in a day...
in an IT move there are too many short term multi day swings and sectoral rotation to adjust your position around
Edited by A-ha, 04 March 2008 - 08:13 PM.
