i have to run so i will report the closing price early today: closing price for SPY today will be 112.34 Rennick Out
Nitro's NFV triggers +24pt spread. Short everything! Almost free money! not kidding here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2914700#post2914700
I do not think there is a need for a stop if your stop were 113.28, and your entry ____. I have to stop talking. SPY is now at 113.08.
one thing that may not be relevant to the general market is that i got a message for possible buy-in for BA today. later the issue got resolved without the actual buy-in. why is a blue chip hard to borrow? is everybody short everything or is it just BA? http://www.elitetrader.com/vb/showthread.php?s=&postid=2914961#post2914961 just a little paranoid rant from a short underwater.
The issue with that is that she can stay irrational, and turns the right way right after it bankrupts the trader. That is why I have been working on myself to accept to wait until confirmation, but it is hard to wait. I have issues with patience when it comes to trading. If one of you can teach me a bit about patience, please teach me.
Sorry to hear the underwater thing. You should always be paranoid, particularly before entering in a trade. I always forget that before entering the trades. I hope that the water is only covering your feet, that your clothes will remain dry, and that if there is a mention of a neck line it will be your opposition that deserves all the curses in the world for attempting to harm a fine fellow who wants only to make some money.