Kudos to MMs

Discussion in 'Chit Chat' started by nitro, Oct 23, 2008.

  1. nitro

    nitro

    NFV 1079.61. SPX 1047.08. Huge edge. Time your entry as best you can. There are two theories:

    a) wait to get as close as possible to 1042.
    b) wait until 1 CT close eyes and buy. Manage risk if break 1042.
     
    #1611     Jun 29, 2010
  2. you often mention 1 CT. what's so special about the period after that point in time?
     
    #1612     Jun 29, 2010
  3. nitro

    nitro

    Research shows there are times during the day for odds on reversals. 1 CT is one of them.
     
    #1613     Jun 29, 2010
  4. nitro

    nitro

    NFV 1082.43. SPX 1043.16. This is the biggest edge I have ever seen. You must buy it. Manage risk and probably exit on a break of 1042 (or if you are super skillful with entries, you may want to wait until a momentum change to enter), whatever your stop loss is. There is no need to take inordinate risk since this edge will likely persist into the night session and possibly into tomorrow. So if you have to take a two handle loss don't regret doing it. Just be ready to stay up most of the night.

    This is where big money is made. The better the trader you are, this is where it shows.
     
    #1614     Jun 29, 2010
  5. GTS

    GTS

    1042 broke a couple of minutes after you wrote this.
     
    #1615     Jun 29, 2010
  6. nitro

    nitro

    Ya saw that. The break is bad news if we close below 1042, but depends on where you bought and what your stop loss is if you are still in the trade.

    You have to be disciplined. In the course of the year you will make lots of winning and losing decisions. But they should all be disciplined.

    "If I lose, I take my medicine" - Robert James Fischer
     
    #1616     Jun 29, 2010
  7. $50 edge. Professional.
     
    #1617     Jun 29, 2010
  8. should revert really soon
     
    #1618     Jun 29, 2010
  9. nitro

    nitro

    NFV 1088.03. SPX 1043.55. Monster edge long.
     
    #1619     Jun 30, 2010
  10. Bot 1k SPY Quarterly 106c for .03 to take a shot your monster. You be 'da man if this baby strikes.
     
    #1620     Jun 30, 2010