Bulls have the definitie edge over the next 6 months

Discussion in 'Trading' started by drukes1234, Dec 8, 2006.

  1. Just curious . . .

    Would you be so kind enough to explain your money management strategy given that you are looking for a 5% gain to sell your longs?

    For example, if you buy a "dip" in the market, what would you DEFINE as a "dip" to get long on in regards to the SPX and what is your stop-loss given such an entry point?
    #11     Dec 8, 2006
  2. Sure... I will buy any day the S&P is a full 1% below my cost basis of 141.03 on the SPY's. I will always have a hard stop at a level just in case something extraordinary happens but I will sell my position at a loss based on my sentiment indicators in the market... not a predetermined price level.
    #12     Dec 8, 2006
  3. S2007S


    where do you see the s&p in 6 months??
    #13     Dec 8, 2006
  4. I see it higher than where I bought... my goal is to take profit at 5% above my cost basis or just close out the position in 6 months, higher than where I bought.

    I have no idea what price the market will be in 6 months... I just believe it will be higher than where it was when I bought a few days ago.
    #14     Dec 11, 2006
  5. The crystal ball, my friend. The best trading tool ever !
    #15     Dec 11, 2006
  6. Bears...... where art thou?
    #16     Dec 14, 2006
  7. =) I can actually hear the bears squealing... there's still room on the bandwagon if you want
    #17     Dec 14, 2006
  8. Doesn't sound very objective.
    #18     Dec 14, 2006
  9. Objective in what sense?
    #19     Dec 14, 2006
  10. TrendPro


    Average down and wait 6 months.... sounds like a Plan :D

    Just curios, what month contract are you taking your position in ?

    What if the market takes off to new highs from here and doesn't look back ? In that case you won't get another chance to average in. Might be better to load up the boat now before it leaves the dock !
    #20     Dec 14, 2006