posted a eur/usd chart,oex,djt,spx,they are all hitting res,dow closed 10462,had res at 10520 and supp at 9950 so we are hitting psuedo res there,it depends on how strong i feel about a turn, here i have 1/4 position on in case it turns down at 3 am ,i 'll be in ,i wont be up all night and these things usually wait for the open,if the open confirms fear or weakness at these levels ,i'll go all in,we just came from 1040 in 10 days, we've been ending both up and down moves in ten days...i really don't have any set rules about size(edit,have a max position size but no set rules on what percentage to use),it all depends on the market, i like to keep room to add and reduce to raise my avg , if i'm early,which is usually the case...i risk the avg monthly profit and thats my max loss
Thanks man. Although the overall position is certainly more than breakeven! Been snatching my +3's everday since it bottomed as well as a few bigger ones. Its actually been a fantastic period for me which it often seems to be when the market initially goes against me, as strange as that sounds, lol Only holding a few positions now with loads of powder left to add once again, should it go down at all. Back in the same position as when I began this trade, only now with a bigger account. I love this market. Good trading all!
This was the Anek trade, and since we didn't go down below 30, he got in at 41.5 So broke or not, this was so far the trade of the month....
Ammo, After gap fill above today, should Dow snap down below previous year close ... there will be a good chance that NDX retest its previous year close (either a pullback or start of a sell off). Hope this helps.