Any long term strugglers out there?

Discussion in 'Trading' started by Eddiemorra, Aug 16, 2014.

  1. stopped -4.5
     
    #441     Oct 13, 2015
  2. taken everyone's stops there?
    Short 2013
     
    #442     Oct 13, 2015
  3. Another major squeeze...day after day of this since beginning of Oct...
     
    #443     Oct 13, 2015
  4. out here @ 2007 for +6
     
    #444     Oct 13, 2015
  5. Good job Eddie...ya got balls to keep shorting the monster...
     
    #445     Oct 13, 2015
  6. schizo

    schizo

    Ya bailed out too soon. Good trading nonetheless. :)

    I have my sight on 87-ish as the target and I'll be a happy man, and a richer man, should that happen.
     
    #446     Oct 13, 2015
  7. k p

    k p

    Ah... thanks for the correction. Mine was drawn as a channel in mind, so the upper line was just a copy of the lower line with the same angle. I can see how the way you drew it certainly makes it look like in this, that entry could have been based on the trendline.

    I personally don't like diagonal trendlines though. They are far too arbitrary, and I much prefer levels, since horizontal lines can't really move... price either breaks a level or doesn't. (the trick of course is to figure out if a level is being protected or penetrated, or if it even matters to anyone else at that point in time. :D)
     
    Last edited: Oct 13, 2015
    #447     Oct 13, 2015
  8. trying long here at 2001 st98
     
    #448     Oct 13, 2015
  9. schizo

    schizo

    I can feel the ground shaking beneath my feet...the landslide.
     
    #449     Oct 13, 2015
  10. The price action really illustrates the difference between the long and short side..i.e. trapped longs vs trapped shorts...always felt the longs get more opportunities to bail, while shorts know they are f'd pretty quickly.
     
    #450     Oct 13, 2015