Well you tried... Please extend me this ability to neutralize a trade.. Took a 2pt loss from a 1779.25 long last night.. I want to go back and move my stop to 1775 where it should have been. Markets are such brutal masters... They take your money, then show you how much you could have made if you gave them a chance to take more of your money. After such an overnight session nothing to do today...
i feel your pain ... i nearly went long at 1176.50 right after the open of the globex session, then said ... "ah, fuck it -- i don't trust the overnight session." as if i can trust the rth session. lol
The varying stimulus we get can drive a man mad... The pain greater for me as I stalked this wedge for days and the execution error really simple.. either buy the dips close to the dive low at close, OR be prepared for a larger stop buying the 1179's (did it 3 TIMES).. I could do neither. I see wide stops used a bit here but how many REALLY allow those stops to work?
I'd keep an eye on this, might give us some volatility during lunch: http://www.bloomberg.com/news/2010-...-trillion-in-emergency-aid-during-crisis.html