We are continuing to hold shorts through the NFP bounce and current selling. Nice short term call, South-- but your still gonna lose holding longer term longs here--- surf
Its funny how you and Surf seem to post at roughly the same time. Neither of you post for hours and hours, then you both post together.
Yeah but they are good at nailing the low of the day by posting a chart showing how well the short is working.
Need to say we are disapointed in the slow grind down from our 10 unit entry. Was hoping we would not have to go into the next contract--- But, regardless, our bearish bias remains strong into next week. We will cover around break even should it come that. Extremely unlikely however. Regards Surf
Some NY Times press for surf today-- https://mobile.nytimes.com/2017/03/...nd-happy-hour.html?ref=dealbook&_r=0&referer=
If you are sure that there wil be a drop of 1,000 points and as you spoke with important fundmanagers who agree with you, you should stay in, even if prices would go to your entry price again. Imagine what can happen: you get out at break even and after that prices drop 1,000 points and you miss the move... You cannot take that risk. No pain, no gain. On the other hand, many take the pain, but never get the gain... It can even happen 7 times in a row.