Felt like a bunch of other shorts threw in the towel at the same time -- afternoon rally seemed SP led with nasdaq getting dragged up kicking and screaming. Whatever happens happens, but discipline trumps conviction -- that's why marketsurfer's journal is just about the only one still going strong. Keep it up
Good call! It takes a big man to admit when he is wrong. You are a great trader so a loss is no big deal. I like your style and because you use good money management you can expect to be wrong more and still be profitable...unlike the guy who does not use good money management.
Statistically, a greater than 80% chance tomorrow and Friday are up days. Probably not a bad idea to cover here. http://www.vtoreport.com/nasdaq/updown-holidays.htm
thanks ! trading the djia channel from here 9727--9803. it feels good to have closed that trade and be back to the system. will do whatever the market dictates. best, surfer
we are flat in the channel this morning. longs will be entered when (if) 9803 is violated. best, surfer
wow, the system kept us from going long this morning and we are currently back SHORT the dow from 9727. holding shorts here best, surfer
i think they tricked you surf. that channel break was on bogus news. 11:50 ET Suspicious substance on NYC subway not connected to terrorism - Sky News : Sky News reports that 5 workers have been treated for exposure to an unknown substance that caused a strange odor on the New York City subway F Line, according to the New York Fire Dept. The Fire Dept says there are no terrorist connections.