Which brokers allow you to split up orders for the same instrument? I thought when you buy or sell and then add to the position you get an average price and if you take off part of the position, the net gain/loss is based on the average price of the position as it relates to the price at which you lightened up.
no doji i gave the avg of each 10 lot short. thats how i keep track. no of course the avg on all 20 was 1685.625. when i cover the other 10 i'll notify
Yes es ran from 80.75 to 87. There's no fear as nothing bad has ever happened . The mkt always gets it's way. Maybe this time it doesn't .
Nice triangle on the 5 min es chart now? Which way will it break? I say down. followup: wrong, it broke up.
A little personal story about the hafez. Hafez and I used to work at a prominent trading shop around 10-15 years ago. I was fairly new to the game and it was right at the height of the tech bubble. Obviously, everyone was into tech and the nasdaq, myself included, and we were all trading anything tech related from the long side very heavily. We were making boatloads of money and it was as easy as buying in the morning and selling at the close of the day, or better yet, we had one trader that would buy yhoo on the open and instead of selling on the close like the rest of us he would double his position. Rinse and repeat. Many of us were paper millionaires very quickly and we thought we had mastered trading in a few months. Well, this is were Hafez comes in to the picture. He was one of the "senior" traders in the shop. In, my, and the other new guys opinions most of these older trader were really stupid. I mean, imagine those fools saying things like, "Learn risk management because a bear market will be coming sometime and it's going to be a big one". We just laughed. Hafez was one of those guys we were often laughing at. He had made a fortune trading the tech stocks from the long side much like many of us had but around two months before the market downturn Hafez had decided to sit out and "wait for the move". Well all of us laughed for a month or two as Hafez did nothing and just patiently waited like a mafia hitman waiting for his mark. Well one day near the close as all of us newbies are counting our profits Hafez walks onto the trading floor and starts hitting the bid on anything and everything tech. The next day the market trades up and makes new highs, again Hafez moves in and shorts everything in sight. Many of us started to realize that he was taking the other sides of our trades and then some. The next day we come in and the market pushes a little higher in the morning but doesn't make a new high and fades towards the low of the day. Hafez was selling again. Needless to say this was the top of the tech boom and Hafez had successfully gotten long on the way up and was able to short the top and make 4x the fortune he made on the way up. Bottom line is I would be careful who you criticize before you know their back story. Stay strong "Chili". Regards from your friend, Henry.