Ok i am in. Short ES 1398.25. 4 point stop.
1402.25 ?
I would give more room in case they gun the stops.
The law of diminishing returns
Started by
NAV
, Apr 28 2008 09:00 AM
32 replies to this topic
#21
A-ha
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Posted 28 April 2008 - 10:33 AM
1402.25 ?
I would give more room in case they gun the stops.
#22
NAV
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Posted 28 April 2008 - 10:42 AM
Ok i am in. Short ES 1398.25. 4 point stop.
1402.25 ?
I would give more room in case they gun the stops.
Not a penny more. I will approach shorting here is a high risk/ high reward trade. So small stops, if i am wrong. This cat and mouse game could continue into the Fed.
#23
A-ha
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Posted 28 April 2008 - 11:34 AM
It just hit 1403
stopped out?
I remember livermore says this in his book several times: "If I am not short, I must be long" and visa versa
You wanna try going long now?
Edited by A-ha, 28 April 2008 - 11:34 AM.
#24
NAV
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Posted 28 April 2008 - 11:38 AM
It just hit 1403
stopped out?
I remember livermore says this in his book several times: "If I am not short, I must be long" and visa versa
You wanna try going long now?
Yes, stopped out. What do they say "Never short a F$%^^@ dull market ?"
. Will leave the long side to you. No point trading these narrow range days. I guess, i need to wait till the Fed.
#25
A-ha
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Posted 28 April 2008 - 11:41 AM
It just hit 1403
stopped out?
I remember livermore says this in his book several times: "If I am not short, I must be long" and visa versa
You wanna try going long now?
Yes, stopped out. What do they say "Never short a F$%^^@ dull market ?"
Good point NAV. Like I said you cant win them all...
#26
cycletimer
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Posted 28 April 2008 - 11:55 AM
Dull markets can be shorted via selling call credit spreads. The more dull, the better as premium erodes rapidly. ON Friday I sold the OEX May 650/655 spreads.
#27
pdx5
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I want return OF my money more than return ON my money
Posted 28 April 2008 - 12:34 PM
is in play here for SPX longs.
Probe 50% short at ES 1398.50 with tight stops. Will add more if we get a breakdown.
You are exactly right, I am liquidating my partial longs today or tomorrow.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#28
A-ha
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Posted 28 April 2008 - 12:37 PM
is in play here for SPX longs.
Probe 50% short at ES 1398.50 with tight stops. Will add more if we get a breakdown.
You are exactly right, I am liquidating my partial longs today or tomorrow.
Sounds good to me. You have a downside target in mind?
#29
SemiBizz
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Posted 28 April 2008 - 12:42 PM
Struggled to test 1402... sure feels heavy, even on light volume today.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#30
MacRo
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Posted 28 April 2008 - 12:58 PM
I've decided I'm going to go long ES too. I would like to do my part in helping everyone realize all this profit. I want my last contract to be the straw that broke the camels back. Is this cool A-ha? Or are you looking to bring the market down yourself?
