Stop 987 It's lunchtime, but let's give it a go. If price makes it back up to 990.50, it should break thru this time. If not, there is still room to get our 2 points. Who knows what will happen.
This might be a good time to point out that during backtesting I did not rationalize on the lunch hour trades. If the set ups occurred, I took them. That is what I have decided to do here. If I find that a high percentage fail, then I will re-evaluate. But I'm going to stick with it for now.
Yeah, those "lunch hour" trades will getcha everytime. It's better to sit on your hands. When the moves "hit you over the head and scream, take this trade!!"....those are the one's that I like to take during the midday doldrums. Other than that, it's better to sit on your hands.
I "gotta tell you" gotta trade, this phenomena has always puzzled me. Why do traders need lunch anyway. Don't come to work until late morning. I get ths "Vision" of all the trader types running out the doors in Chicago and New York to the local eat spot. Why don't we all just work thru lunch and take off at 2:00 and be done with it. Think I'll get out of my underwear and go take a shower/shave My $12.50 anyway.
Yeah, why can't everyone work through lunch. Let's make this self-fullfilling prophecy happen. Let's make the market active so we can have some big swings that we can take advantage off.
Whooaaa. Came back to a bold message from the teacher. Stopped out. Had I been watching the monitor. I would have gotten out early because a sell signal was generated, would have b/e. Wooda, coulda, shooda. Loss of -1.25 Some will, some won't, so what, next FED ANNOUCEMENT. DAMN FORGOT ABOUT IT. WHAT AN IDIOT. STILL THINK ITS WORTH 1.25 points NOT TO LISTEN TO CNBC ANYMORE
Stop 986.50 Stop moved to 982.50 to lock in +2 points. Will bounce on the bottom most likely. Stop to 981.25 to lock in +3 Stop to 978.50 Stop to 975