YM Traders

Im out at 470

 

short at 10470

 

ripley ,


where are you ???????????????

 

20 point stop set

 

Stop hit for a 20 point loss.

 

Please explain the trade. Why did you get long? Why is the target 460?

Thanks.

 

Short 9 contracts at 470, yes.. NO STOP.

 

....looking to count my blessings and get out ASAP at a decent point.

 

I am bullish on tuesdays and thursday, I was basing the trade on a double bottom today, using support from Tuesday's and weds. previous resistance at 10425 on the index..


http://finance.yahoo.com/q/bc?s=^DJI&t=5d



I shorted at 10471 using this mornings previous support before it broke dow. I was early and it cost me 20 ticks.

 

"Short 9 contracts at 470, yes.. NO STOP"



Tell me you were long from 430 ish to 470 before shorting ?