Real money but very small stakes. Im a noob. Recently opened up an account iwht IGindex. Yes, ill post all of my add-ons. I like the way Airwaves trades. I've watched him rake in a ridiculous amount of points in this thread. I think Ammo would also make loads if he went long instead of short.
Be very careful averaging into a long position at the time when stock indexes are overbought. Scaling into a long is more prudent when stocks are oversold.
First, no offense to you intended, we're just trying to help you (at least most of us). You didn't watch Airwaves take some serious heat on a mild correction a while ago. You didn't watch other people like Airwaves buying every dip from 1500 to 700. As far as I know - and I could be wrong, of course - Ammo's account and profits dwarf those of Airwaves and he will still be here long after Airwaves is either gone or makes some adjustments to his trading. The way I understand it NowIsNow isn't asking you to post your add-ons after the fact, but rather to share where you're planning to add and/or take profits and/or cry uncle and cut your losses, so you can receive some feedback. Best trading to you.
Problem is that even smallest possible position 2 contracts (1 original and one add on) can make damage in thousands very, very easily...
Maybe i'd be willing to compare statements with Ammo if he wishes. But yes, he'll be here long after im gone. My average post count is already reducing by the day.
i.c ...in the chart you'll see that we are a lot closer to the top of the channel(1250) than the bottom,so the greatest profit potential is to the downside,there is also an m pattern which is more likely to leg to the downside to fill, if we were near the lower part of channel, i would probably only play the longside....the current pile upon pile of economic events warrants the greatest risk to the downside,,,you can easily make money to the upside.but any surprise turn of events could wipe out your gains,keep your stops tight
Don't take it the wrong way, Airwaves, I'm your biggest fan and it was me who coined the cry "Go, Airwaves, go!" And I don't think Ammo is interested in a pissing contest with anyone, I'm just saying that either you make some adjustment to your trading plan (because you have a plan, right?) to account for the times you WILL be dead wrong (as Ammo does) or, sooner or later, you will meet your fate. By the way, the only reason I mention Ammo is because apparently you both trade in a similar way (you long, he short), but IMHO, if you scratch below the surface, you two couldn't be trading more differently. Anyway, please allow me: Go, I.C., go!
possibly targeting 1198-1200 area. Will be waiting for my signals around that area to get long. May not post entry though. As said ages ago, im really trying to cut down my calls but its kind of addictive. Good luck all.