I went long at 949 this morning and the market just ran off before I had the chance to put in a stop-loss and there I was just staring at the...
feels like close will be around 940.. so planning to sell/buy any 3 point deviation from 940..
Happy it worked out for you.. let's see if my short pays anything off.. my acct took a beating today..
crap.. stopped out.. short 2 @ 939.. stop above 942...
yeah it's been over an hour within a 2 point range.. feels like distribution is taking place and it is going to break to the downside..
This is getting boring.. let it break one way or the other.. tired of staring at my screen.. I'm long 4 at avg of 940 with stop at 938.75....
I guess i view 940 as support in an upward market.. and you view it as resistance and picking a top.. but I guess your way makes sense also given...
well risk is 1.5 points on the downside vs. 6-10 point on the upside with probably equal probability of occurence.. i.e. if it breaks on the long...
long with a tight stop seem to be the better risk/reward at this point.. can easily switch back at below 39
adding 2 more at 93975 with same stop of below 939.
long 2 contracts @ 940.25 stop below 939
needless to say - hit my stop perfectly..
I'm going to lunch so I do not change my mind again about the trade..
long 937.. stop 935. target 940.5
out 936.25.. replacing with buy and sell stop orders at 937 and 935
Long 2 contracts at 936.5. target 940.5 stop 933.5
out 937.5
Stopped.. switching to long 935.75 stop 932.5
Short 2 @ 933.5 stop at 935.5 targeting 926.5
GE is NOT being removed. it's C and GM. GM due to bankruptcy and Citi basically due low stock price. The low stock price is an issue because...
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