90.18 is average short for CL, 14294 is average price for short YM-- Yeah, doesn't look like sell off is going to happen by EOD--- the call may be off by one or two sessions. Good thing I position size properly to manage the drawdown here. Staying short. surf
But you`ve already debited to the tune of ($3K) or smth.Now you`d need at least -200/300 ticks down to the trade to be of any sense.I thought your ave price @ 91,82 now?
We were early on the short entries for today. Will be holding positions into Tuesday-- expecting solid profits by Wednesday close on the trade. The Price Drivers have slipped up to negative 5 but remain bearish enough to maintain positions. Trading is a game that weighs patience, conviction against limited resources. this is why its critical not jump out of a position immediately, particullarly if your system tells you stay in--- POSITION SIZING to take heat without being shook out is KEY. This is why so many constantly lose, they cant' take the heat of an early call despite what their system says. Staying short in CL and YM. surf
early or wrong...I guess only time will tell....never be afraid to admit you're wrong and dump a losing position
never trade if you don't have the wherewithal to withstand negative moves. This is not a game for weak handed, vig paying, tic kissers. I try to catch the epic moves-- like you witnessed with the 600 point DJIA trade earlier this year----If you are a video game player on Ninja or X trader, the surf report isnt' for you. It's for real traders who eat what they kill. surf
You are about ($5K) under water now.several sessions were closed negative against you.You need now to get at least -200 down to be at least at BE.And how is the your ave price @90.18 now?Your 3 cars`been reset @ 91.82 today.($5K) supposed to be debited from your account.The money has gone!I take it that you don`t even have an idea on how the daily price settlement works.Do you papertrade,surf?
What platform are you using? your pretty much saying anyone trading in the spectrum of a low-end front-end (ninja) and a high-end front end (xtrader) are "video game players" So your retail tradestation account is "non-video game" ?
why not try " being late " on the entries and in the direction of the " supposed price driver " trend. whacking your head against the prevailing trend wall has got to be painful. what a diff. that would make on this thread..........
Surf,i thought you were for real.Keep saying your ave price @90.18,when in reality it`s @91.82 speaks out loud. More i`m here,more i see ET as a demo paradise.