-------------------------------------------------------------------------------- Quote from mhashe: Except for the MRC, the next safe trade is to short this going into the close. They're going to jack this thing down like yesterdays close. 11037 is my short mark. it's 11031 now. -------------------------------------------------------------------------------- Did you took the profit? I hope you do. BTW osorico welldone!
Why would I cover now? The strategy that the trade is based on is just about to unfold. Going to hold this with no Price stop. Time stop till 2:30 am Est. Time to take a break, will post profit ( or loss ) after I exit.
please quit trading yesterday's market or tomorrow's....only todays.............that is the only one u can see realtime....
Had to catch a flight today so that was my last trade when I posted that was what we could call during the 1:30EST slide. And yes I do try to be flat eod, yesterday was an exception, I was short and held into afterhours/a.m. to catch the slide. (A nice 50pts YM and ES 7!) Yesterday was my first losing day in weeks so I made that decision to hold. Percentages overnight trading are good on my system but I have a tough time takin those profits in the a.m and starting the slate clean (no bias), new tactic has been aim to be flat at the close (I guess you could say I don't allow myself to hold overnights). Drawdowns? What are those lol . I am trying to seize reversals intra-day so that means YM could go 20+pts against before it goes 60/80pts in system favor, or could take 3 hours before the turn I want occurs. So while Learner is cleaning up on 10pts up/down all day (damn he is good at it), I will ignore 10pts back and forth in my favor for the larger catch.