Nq just hit 1139, i'm out all NQ's + 14 on some, and + 29 on the others. I'm also out QQQ calls I bought this am. Still holding calls from...
Also, there are ways of doubling down that produce no extra risk. Here are the methods I use for doubling down. If first buy is on NQ @ 1500...
the negative effect comes from putting everything into a loser. for me, the play is not yet a loser because i made money on the options...
as long as u can keep averaging, your sure to come out a winner regardless of timing. :)
I remember a thread not to long ago about averaging. Most people thought averaging was a losing proposition. Some thought it could be done...
I sold my puts for a nice gain:). I still have calls.... all worthless :( . And i bought some more, as well as a few contracts of nq. Will...
my stop loss is when i lose 1/8th of my daytrading capital. :eek: thats why I only use 1/8 of what I use thruout the day on these plays. I...
long more NQ @ 1112 based on some simple fib #'s, I think the futures bottomed @ 1105. I'll keep buying between 1112 and 1105. edit: my...
the dow is the pillar of the US' strength imo, i doubt it will collapse anytime soon. (altho one day it will i'm sure :D ) edit: it's a...
it will get slaughtered one day. but I don't trade it, i trade the NDX...
buying the stocks instead of futures wouldn't have given you the opportunity to sell when the futures peaked @ 4 am this morning.
wow, i just realized something.... theres a whole new batch of traders who don't know how to trade, they only know that the market always goes...
MSKL, it just occurred to me that if the stocks were a better deal than the futures, you could have shorted the NQ futures and bought the main NDX...
long term predictions are no different than short term (1 min) predictions if you are using tools like fibonacci, elliot wave, trendlines etc......
i really disagree with that, but we'll see.
Thanks for your informative post. I wasn't watching any stocks as I usually only watch futures in overnight trading. I'll have to check out what...
what you said reminded me of Soros' theory of reflexivity... it's when the technicals become the fundamentals that a reversal is pending......
it may be random to some and logical to others, if you understand and can see the patterns that occur, and you can make money from predicting...
that was then, this is now... the importance of pyramids is not whether they eventually get buried or not, it's whether they are useful during...
we have to take out last septembers lows. since this is wave 5, the trend change is near, however wave 5 can be nasty. if you want...
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