didn`t chicken out.....still have my 5 short ym`s at 12,521----i will do some fib/ta analysis and pick a good profit point for selling them tomorrow as this will tank right before cpi----probably make 3,000 on them==anyway time to go play some golf---and watch the rockets tonight.
you guys are riot acts-----the dow has never been at this level/territory........i am up for the trade and for the day for that matter----i can sell them right now for a profit of 450.00-----you all wish you had the same contracts short at 12,521 going into cpi tomorrow....as every cpi/important market moving event always makes people nervous right before the release of the numbers...and this thing will take a big dip-----come talk some smack to me tomorrow morning-----when I have scoreboard---what are you going to do (tell me now--ahead of time) that will make you more money than me by tomorrow---its already a winning trade--i hear a lot of talking----what are your big setups for tomorrow, for this week, for this month. i like my setup....i have a minimum target exit point, but since the cash market is closed I will look it over and do more detailed research on it, i repeat it is already a successful trade. but come on some moves are instinctual....i felt that i could make some money off of fading the breakout of the previous resistance, which atleast temporarily could be some sort of support for a nice play----markets move------you have to make quick decisions--by the time you figure your "perfect setup" you have missed this trade. let me hear some of your best seups tonight for tomorrow---then we will see how good you guys are in action. I don`t want to hear after the fact......what are your setups for tomorrow. anybody can arm-chair trade
Here's the difference bleu, successful, long term traders forget their egos. Successful , long term traders do not have the need to be right at the expense of market realities. You have a medium to long term analysis but you must trade your way to that reality--it can not be forced by will. Myself, I'm just a tiny retail speculator that has been investing in these markets for along time and only a few years ago started actively trading. I'm not rich or brilliant or connected. What I am however is a humble student of the market and on a daily basis I must become the market. Short term I know of no other way.