But yet everyone has been getting killed for the best part of a year with the exception of one or two posters! It's interesting, isn't it?
Who's getting killed on this thread? I check in and see some folks taking tight stop losses and a lot of folks making profits
4 posters in this thread are currently underwater anywhere between 3 and 10 points. The 5 th one was stopped out for -10 early this morning. I got a feeling my fellow trapped shorts could put a hamper on covering my r10 short at 15,13, and 10 today.
Well, that's what I get for skimming instead of reading the whole book. FWIW, upper Keltner overshoots generally retrace to the 20-day MA. GL all.
good points - but just because you are under water currently does not mean it will stay that way - its all in the reality of it i guess maybe by 1 pm i will be ahead 3 points
We are above boolinger on daily and on top of channel. Shorting now is very low risk trade. I do not want say that it must starting falling today but my trade will end positive this is extremely probably. Long position can easily end 15-20 handles in red, no way with short.
I truly admire those who can hold short positions "hoping" this market will reverse at some point so that they can make some money... I could never do that, I am too much of a pussy...and probably this is why I never have big drawdowns...I do get stopped out frequently though...so to each his own I guess...
- i feel its all in the way you handle your leveraged add-ons- if you have a system that has proven effective then you have to play it regaurdless of conditions - the 1 most important thing i personally have learned is never run out of available bullets - thats why i add 1 for every point against me so is 1 con runs past by 5 points i add 5 -then you only need a very small retest of the area to get out at b/e or close to what you can handle-