we have only a few days of rally left..upside in the ~1370 area...
that would be the first warning shot of a year long bear market that will destroy pretentious livelihoods , wreak Schumpeter on the global finance and bring a new social order ...
A new era would be upon us...Just as the venerable Mayans envisaged.......
Fear the incoming Armageddon......
Turning into a Bear
Started by
andiron
, Jul 26 2012 05:56 AM
6 replies to this topic
#2
andiron
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Posted 26 July 2012 - 06:16 AM
i would be cashing in my position basis of 1363 soon....I had guaranteed IndexTrader...
happy trading 
Edited by andiron, 26 July 2012 - 06:16 AM.
#3
ogm
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Posted 26 July 2012 - 06:17 AM
i would be cashing in my position basis of 1363 soon....I had guaranteed IndexTrader...
happy trading
I'm tempted to short again already..lol.
So how long do we have till the end of the world ? what does the system say ?
#4
andiron
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Posted 26 July 2012 - 06:23 AM
this is not the system's..it is my prognosis...
#5
andiron
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Posted 27 July 2012 - 05:34 AM
selling my 1 PS here at ES1359.....left 4 es pt loss just in case...
#6
Geomean
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Posted 27 July 2012 - 06:28 AM
Andiron, glad you got so close to even on that one. BTW, excellent timing on the exit and outstanding discipline and trade management. Thanks for the update.
Just to make sure I understand your approach, I assume that PS = position size? Is that correct?
Is that a fixed fraction? i.e. a fixed percentage? If so, might I ask what percentage is a PS?
TIA
Geo
Opportunity knocks on your door every day-answer it.
#7
andiron
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Posted 27 July 2012 - 06:49 AM
Andiron, glad you got so close to even on that one. BTW, excellent timing on the exit and outstanding discipline and trade management. Thanks for the update.
Just to make sure I understand your approach, I assume that PS = position size? Is that correct?
Is that a fixed fraction? i.e. a fixed percentage? If so, might I ask what percentage is a PS?
TIA
Geo
thx geo..
yes..usually it is 50% of the trading account..only at severe market sell off do i leverage....
