Discussion in 'Trading' started by capmac, Nov 8, 2007.
sell this rally!
oh, and stock.....still just 475 points to go!
Everbody covered at the same time....lol
Bull trap into tomorrow.
same here, didnt avg down myself, but noticing today that gettig out above 52 was good enough, also own DDM myself.
This is just like august 16th
Shorts don't realize how much more upside there is gonna be in the coming weeks
Everything is rebounding this is gonna be huge
economic perpetualism still lives
this bull market will continue for many more decades
I would be wowed if the dow runs past 14k between now and end of 2007.
if they rally this hard into the close it could be a big up day tomorrow.
stock, just to clarify....once we hit DOW 12,800, you will cancel your account?
The trend was down for most of the day. How did I know that? Simple: lower highs and lower lows. I kept shorting rallies until that changed, and then I started buying.
Stops serve many purposes. They help a trader enter a position so as to be a part of a newly developing trend. If the lows stop getting lower, and the highs start getting higher, that is a sign that the downtrend is over.
They also help a trader lock in profits (trailing stops) or limit losses in an existing position.
Yes, sometimes I am wrong (so are you--as we all are).
I am comfortable enough in my ability as a trader to acknowledge that sometimes, I will be wrong. Stops help me stop being wrong.
i will cancel my account if we enter a bear market. Long long way off.
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