Yeah no need to double down.....you could hedge your sox put perhaps....but I don't thnk its needed. You will be alright. Michael B.
cant seem to send messages on yahoo....only receive......probably better, i talk to much sometimes. Michael B.
WTF was up with the ES this afternoon? Rallied like a raped ape. Since I was shorting, got my a$$ handed to me. -FastTrader
I'm curious about why you went short this afternoon. TRIN started heading down midday (below 1.0) -- and never looked back. Also ADV/DECL data was wildly bullish. I guess it depends on your style, but I thought this was a serious no-brainer day. Days like this are relaxing, fun, and profitable!
I wasn't watching the TRIN or the news, or anything else for that matter. I just got home for lunch and saw the ES at 1018...first thought was 'why the f*ck is ES at 1018'...that just seemed out of line and I immediately shorted it. Got stopped out at 1019.25 Shorted it again at 1019.25. Got stopped out again. Shorted it again at 1020.25...and that was my 3rd loss in a row. Quit, had lunch, and went back to work. Now you all know why I don't do this full-time....I'm not good enough as a Trader -FastTrader