35 replies to this topic

[CLK]

 

 

Sorry it was just the no stop thing, no matter what you should always have a stop on.  With the height of the market today it can move so quick you can get caught.  When the S&P was below a 1000 you didn't need to worry to much.

 

 

Stops are a guaranteed loss, if you can't take the drawdown, you are not capitalized and have no business trading.

 

Oh my, guess my 35 years in this business didn't give me any knowledge thanks.  Just so you know same trade I made 6 extra points with the movement from 3378 with my "protective profit stops" and last one still sitting at 3385!  

 

 

 

Ok dude, start posting these in real time then.

[12SPX]

Always love rude people on here, there usually the ones you know are having a hard time trading.  Happy people in the market are just nice and don't need to post, besides, I only do it for fun once in a while, my main trading is selling option premium making me a neutral trader, never bull or bear.  Will say though, this market is ripe for a pullback but as long as it keeps coming back it makes it for some nice day trades here and there.  

[CLK]

You attacked my trading style first, now you label me as rude because I didn't just stay quiet. 

You have your trading style, I have mine. I've lost a lot of money using stops trying to make a 

"low risk" perfect entry, so I don't use them, eventually I will get hit with a sizable loss, doesn't matter

it won't be much compared to my wins, I am not afraid of a sudden 5% down, they are very rare.

 

I don't think it's fair to attack a traders style that posts in real time if you don't do the same, at least once

on this forum, but since you have been here, not once, that's your choice.

Edited by CLK, 20 February 2020 - 10:46 AM.

[12SPX]

Well I apologize for that, always the problem with "writing" instead of actual speech.  People have the same problems with texts.  I just meant it as a joke because I read your post just after the downturn so thought I was being funny.  Have noticed your trades have been great btw!  Again I didn't explain myself correctly either as I agree if a trade goes bad I will hang on, maybe double down as I have the capital but the second I see even a 1 point profit, the profit stops go in.  Anyhow once again I apologize and in the end you were right and had a nice trade.  I'm getting tempted to try a buy at 3345 if we hit it again!  

[CLK]

Well I apologize for that, always the problem with "writing" instead of actual speech.  People have the same problems with texts.  I just meant it as a joke because I read your post just after the downturn so thought I was being funny.  Have noticed your trades have been great btw!  Again I didn't explain myself correctly either as I agree if a trade goes bad I will hang on, maybe double down as I have the capital but the second I see even a 1 point profit, the profit stops go in.  Anyhow once again I apologize and in the end you were right and had a nice trade.  I'm getting tempted to try a buy at 3345 if we hit it again!  

 

 

No problem.  I'm staying out of longs if the daily closes below the 10dma until I see a low forming. Bears finally caught a top today, just glad I didn't stay too long, that's the problem with a lot of traders out there, always wanting more and going for top dollar, well today it cost them, one trader was long 12 contracts at 97 yesterday, not around today, no follow up on the trade.

 

It's tempting to try to pick these tops, maybe later on a small position, but it's too late to initiate one now.

Edited by CLK, 20 February 2020 - 12:33 PM.

[skott]

What happened to the buy at 3372?