In others words you did not make jack $hit. You called it within 15 points. Next time do it unhedged within 5 points and then you might be able to compete with the best young pup
Of course it matters how much you made. This business is about making money. What are you in this business for? Hopefully its not to make bottom/top calls on an anonymous message message board. Either way nice trade in cotton and in the indices...I trade equities so it's not a trade that I can participate in. Glad you stuck with your conviction and it worked out for you. Conviction alone won't make you money in the long run however...especially on bottom/top calls --- it'll probably bankrupt you if you don't take small losers when you're wrong (as you probably know). I'm not going to block you, I was just talking some late night shit. This Japanese stuff has made me a little too excited to go asleep....feels like 2008 again.
I can tell you this much i FOR SURE made more than you did on this trade Thats the difference between you and I, I make a longterm top call and I look for shorts or maxium longs strictly intraday...you make a top call but then take a major long like this either way you are right if it goes down you called the top and if it goes up you called the long...stick to one or the other
You must have been hanging out with Dirk Diggler and the fun crew. Shorting the Nikkie Now would be an insane move. 16% down at one point. The rubber band has stretched my friend. Think outside the box. Think of the Future, going forward, rebuilding and how much liquidity will be pump'd into Japan from the World. Also, look at what happen in 1995. Do some research. This quake has done damage in a area of JAPAN that produces less GDP than the 1995 Kobe Quake. This is the biggest buying opportunity of a life time, great entry point towards the close.
Actually the difference between us is I make more points day trading in a week then you make swing trading hedged with your top calls so I stick to what I am better at. Here is how I said I would trade it if I was a swing trader. And you are right I lost 12 points on that trade. But that was 1 out of 5 trades I put on in the last 7 hours. The first was a r10 short from 92 to 71 The next was that knife catching act for -12. Followed by an r10 x 4 long from 53 to 61 And a 50% retrace long at 56.5 to 64.75 volente_00 wrote on 03-15-11 05:59 AM: see if i can unload these 56's around 65-66 I'm flat and going to bed now. Good luck with your hedge short paulson jr If we go down you are right. If we go up you are right. Can't beat that setup. P.S. If you get bored you can always come back to the ES journal and post some more after the fact trades like you did before you got busted by the real traders in there.
Trades over my friend the move was shorting on Monday... I still see short term uncertainty like Tokyo being a permanent ghost town, i def wouldn't be getting long here... But you could do as you please..
So first you tell me your top call was better than mine because it was within 5 points now the truth comes out that your zone was 3 times as big and check my intraday calls when I called for trending days and we closed at highs for the day or check my cotton call. Stick to r10 and knife catching ...that's how the big boys play P.s I said I was long a small amount of stocks ...3 compared to being short 12 and those 3 longs are long term and ill be buying more down here there is a reason I'm long those stocks and it just so happens it also slightly hedged the position
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