Discussion in 'Trading' started by scriabinop23, Aug 8, 2007.
The Trader's conundrum.
sell some, raise stops on some, let rest run...
Spoken like a true warrior trader!
thats the way.
anyone find themselves in a situation of being 'fearful' of buying at these levels (for scalps) ??? Its interesting to watch the bear psychology creep in. Which probably means load up now.
If you are pressing the ES you probaly want to bail at 1512.00
had to make a few more bears cry uncle, before revision to the mean.
Use a trailing stop. If your broker doesn't permit it, get a new broker.
A trailing stop in any timeframe is the best way to "let your profits run."
let it run, i sold out of my SSO at 91.50 and saw it jump another $2.00
Still holding QLD looking to sell that at 100+.
Damn good call!! missed your exact # by 1.5 pts but shit, that's good enough for me.
Wow, this market is just tooooo volatile, dont get me wrong I would rather trade this market than any other day when the the DOW stays range bound for 5 hours but to see it go from 135+ down to -20 only to surge back to 95+ is quite interesting.
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