Yes, shorted very near the top. But don't expect me to post my trades here. I'm sure you know the reason why.
Who the hell are them T-DAY BOYZ? First I thought it was a joke, then I started considering it and now I`m a believer As for my trading, I traded rather miserable today and broke my two most important rules lately; waiting for confirmation and waiting for a retracement. I started the day with an impulsive trade against the current short-term trend. Used a tight stop since I though we were at the bottom of a leg down. -0,5 points. Then I remained impulsive and entered again in the opposite direction without waiting for a retracement. My execution could not have been worse, but since I had my eye on a certain level, I still believed that my trade would work and that with a 2 point stop. I barely avoided hitting the stop and exited with a +2,5 point profit. Had I waited for a retracement, I could have easily taken at least one point more. Now, what I started perceiving the day I had identified as a range day for a trend day and went short at what I thought was a retracement. Instead, it was the market bottoming out. I widened my stop to my max level (I use between 1,0-2,0 points on balance, but have a maximum stop at 2,5 for rare occasions). Stopped out. -2,5 points. Now, I started smelling them T-Day Boyz and I entered a nice long @ 1281. NICE EXECUTION. At this point, I had to leave the computer. I anticipated a test of the day`s high, but I did not have the confidence to place my limit order that high in case we went short of the highs, so I placed it @ 1283 for a certain fill. + 2,0 points. +1,5 points for the day in spite of three horrible executions. The first being an impulse trade, the second being a matter of impatience and the third one a matter of misreading the market.
In a moment of insanity (don't think you ever really outgrow it), I moved my stop...and again...and again. To the point of no return I went with all emotions competing for top billing in my scattered brain waves. As I found myself on the ledge 5 stories up, I heard a whisper. It was DEMBOYZ. They were riding Shetlands so I had to look low, but they were coming! All the way from complete disaster to BE on the trade. They even gave me a couple ticks breathing room. Saved by DEMTDAYBOYZ. Live to fight another day despite being today's second worst trader on the planet!
When the market tells me its time to stop buying pullbacks. The time has not come yet, maybe it does, but it is not my business to predict it. When it does come, I will take a few losses Im sure, in the meantime, Im accumulating winners and having the time of my life.