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if the current level of spx doesn't hold


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#1 andr99

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Posted 10 March 2023 - 04:52 AM

3760 is the most I give to the down target of the correction which is currently underway

 

https://i.postimg.cc.../spxsupport.jpg


Edited by andr99, 10 March 2023 - 04:59 AM.

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#2 pdx5

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Posted 10 March 2023 - 02:39 PM

Andr99 I hope you sold some of your longs.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 andr99

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Posted 10 March 2023 - 02:54 PM

Andr99 I hope you sold some of your longs.

 

don't get worried.....I took a large profit at nearly the top of the up run from the October bottom and currently I'm in with a far less long exposure than I was before taking profit. Thank you for your kind message however, because it tells me you are a nice person as you think also to others and not just to yourself. Thanks for that 

That said I'm not afraid of my longs........ 


Edited by andr99, 10 March 2023 - 02:56 PM.

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


#4 andr99

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Posted 10 March 2023 - 03:25 PM

by the way afetr yesterday's big red candle, it was clear that we were going to have continuation. However I'm confident the lower support I drew will hold. The W pattern which is coming out is the way they use to recharge the market strenght   


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


#5 pdx5

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Posted 10 March 2023 - 04:16 PM

I was in similar situation. Bought longs in October and added more during another correction in 2022. Sold all tax deferred longs first and sold the remaining longs end of February. Now 100 flat since end of Feb. will buy again below spx 3500.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 skott

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Posted 10 March 2023 - 09:02 PM

I was in similar situation. Bought longs in October and added more during another correction in 2022. Sold all tax deferred longs first and sold the remaining longs end of February. Now 100 flat since end of Feb. will buy again below spx 3500.

 

Yes, thank you PDX5 for actually telling us you sold at the time you sold and not after the fact when it (like right now)  is clear all the bullish snorting is not working out so well.



#7 pdx5

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Posted 11 March 2023 - 03:46 PM

 

I was in similar situation. Bought longs in October and added more during another correction in 2022. Sold all tax deferred longs first and sold the remaining longs end of February. Now 100 flat since end of Feb. will buy again below spx 3500.

 

Yes, thank you PDX5 for actually telling us you sold at the time you sold and not after the fact when it (like right now)  is clear all the bullish snorting is not working out so well.

 

I posted my trades as they happened.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#8 pdx5

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Posted 11 March 2023 - 03:48 PM

 

 

I was in similar situation. Bought longs in October and added more during another correction in 2022. Sold all tax deferred longs first and sold the remaining longs end of February. Now 100 flat since end of Feb. will buy again below spx 3500.

 

Yes, thank you PDX5 for actually telling us you sold at the time you sold and not after the fact when it (like right now)  is clear all the bullish snorting is not working out so well.

 

I posted my trades as they happened. My goal is to avoid losing money in stock trades. Call me cowardly. I do not mind LOL.

 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule