maybe the trend in not their friend..BUT.......if u hop the freight train, run in the same direction train is moving. otherwise....SQUASH ! ! COUNTERTRENDERS AND DISCRETIONARY TRADERS WILL LOSE MORE THAN WIN............
still here and still holding and still bearish. I will cover this week for an 80+ point gain in the next 4 days.
Took profits right before the sell off.. .got lucky.. I read it in a book a while back.....Non-random walk down the markets or something.
Ah-hem. As I was saying...... http://www.elitetrader.com/vb/showthread.php?threadid=58005 Knowing that this market is manipulated to high heaven is an edge. Keeps you from getting your head chopped off by the bullies.
volente, your avg was 10414? did you hold onto that for a 80 some point draw down? dont you use 20 point stops? (I've been away for a couple weeks here ... out of the loop)
I'm beginning to have doubts about your trading style. I'm not anywhere near as good as you, but still......... To let a stop run like that...wow.
DELL warned, possible outsourcing.. and more americans losing jobs.. more unemployed, will cause deflation
I am trying a blackgaurd longer term strategy at the moment. Today was a heck of an equity swing but I am riding on a nice last week and can afford to take the risk. As I said I am looking for 80+ points on this trade even though I had a crappy entry.