Black Monday ??

Discussion in 'Chit Chat' started by hank rollins, Apr 15, 2005.

  1. MAESTRO

    MAESTRO

    Well, no doubts your style is very well polished. In my case I have to leave some money on the table as I'm turning a lot of capital. It would be impossible for me to flip that fast. My average holding period is 3 days and 90% of my capital I turn through options. To do this I need leading signals. My gauges turned RED yesterday afternoon and kept me in a short sentiment till now. I realize that there is a lot of profit opportunities that I could take as the market is still going down but my gauges advise me now to get out so I did. There is no LONG signal though yet.

    Cheers.
     
    #461     Apr 22, 2005
  2. I understand ... :)

    That's the benefit of staying independent.
     
    #462     Apr 22, 2005
  3. Sheesh - Just got out of the shower, thought I'd leave early pick up some flowers and head off to the fiancee's house early tonight (hour drive) and this is what is see... I left 50 ticks on the table.

    :eek:


    The cost of love ..... :(
     
    #463     Apr 22, 2005
  4. MAESTRO

    MAESTRO

    Got a positive signal, finally. Going to sell puts now.
     
    #464     Apr 22, 2005
  5. A 61.8% retracement of yesterday's move targets 1145 area.
    Just got there and found some support.
     
    #465     Apr 22, 2005
  6. Ok now I don't feel so bad after that last bar I would have been stopped anyway, so realistically I only left 20 ticks.

    Oh well .... :)


    Maestro - Good luck

    Hank - Hope it wasn't too bad for you and your stop wasn't too far.
     
    #466     Apr 22, 2005
  7. Had to stay and watch the close and all I can say is WOW.
     
    #467     Apr 22, 2005
  8. :eek:

    man, took a hit today--- lost 60 in DJIA. flat in channel awaiting monday. stirred not shaken--- have a great weekend !


    :eek:
     
    #468     Apr 22, 2005
  9. Looks like the market is a bit lost....
     
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    #469     Apr 22, 2005
  10. Now this is what ET is about. Trades and trading. The last several pages highlight how valuable this place can be to the real time trader and to the student. Good stuff guys.
     
    #470     Apr 22, 2005