surfers $$ journal

What's your criteria for locking in gains?

As of the open you had about 10 pts of profit in your long on the financials.

Best,

Jimmy

 

taking profit - 11475
+70

 

hey jimmy,

yeah, i look to stay in as long as possible once i have a profit in the DJIA system trades--even if this means giving up lots in an attempt to catch the big waves. i have been experimenting with Xtrader lately using it to capture 2-10 points intraday.

surfer

 

closed out the dollar longs at a loss today. holding profitable DJIA long into friday morning, trailing with wide stops to lock in some profit should it reverse. climbing slowly and cautiously out of the hole......

best,

surfer

 

that late $ pos looked like revenge tradin' to me, innit[?]

 

closed YM longs on NFP spike @ 8:33 AM est. reversed and am now short from 11508. thank you ADP and the new pre payroll data!


surfer

 

adding to YM shorts here @ 11532

if i was a TA person, i would call this a "blow off top"



surfer:eek:

 

How, then, would you characterize yourself? A man of science?

 

You may see a dip into lunchtime, but I wouldn't get too greedy. Trend remains UP!

 

yes. i believe the scientific method has much application in the markets.

surfer