What's going, man? I feel the roles have switched here with you being bullish and me being bearish. As for your question, I can't answer it off memory, but pretty sure it's not uncommon with some consolidation after a bigger move before the next bigger move (up or down) out of that. LOL. Pretty sure you had a $15K day on NQ a while back while I think I was chopped up that day and generally you seem to be doing very well. I'm sure I have loads to learn.
Longed 71.50. 5 MES. Baby size. Stop at 66. Still feeling fairly bearish, but in the case we rally, it should a be a good average long to start building a bigger position. Will kill it pre-release if I'm not stopped by then or close to the market.
Added 5 MES after this, so the average is 75. Forgot to post it. I was contemplating hard to hold or not through NFP, but I calculated the worst case scenario for 50 point slippage with such a small size and decided to take my chances. Locked in 10 points here. Will see where we're at on the Open. I figure there's a good chance this still can sell off again on the Open. Best case scenario (for me), we get a trend day up. Not so sure about that today, though.
Part of the reason why I'm not a big fan of posting trades is I feel like I have to defend it. Follow it up with updates. And so on. It's a drag...
great long LF. My hunch was that it was a good trade and I was tempted to join you, but ended up sitting it out.
A calculated gamble. Maybe I got lucky. I wouldn't have done the same if my position was in the middle of a range and close to market at that point. And certainly not on big size. Worst case scenario I'd lose $3K I figure and that would suck hard, but not be the end of the world.