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Joined: Fri Nov 03, 2006 12:37 pm Posts: 16 Location: Reading, PA
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My personal trade on Friday
short 2 at 12469
added short 2 at 12476
added short 2 at 12485
I did not use a stop
I traded a scalp by shorting 5 at 12507 that I closed at 12499
When prices broke back above 12507 I closed the original 6 contracts at 12508.
My loss on the scale up short was -39 points, -32 points, -23 points
Multiply by 10.00 per point and that was a $940.00 Loss
Yes I did take a 200 gain during that bad trade but I am sure no one else would have
wanted to have even more short. And imagine if you had just finished getting stopped out.
Would you have had the stomach to take the Trigger short at 12519 at 3:17 PM?
If room members want to follow my calls remember that I may make dramatic
sometimes uncanny predictions of market highs or lows but I also make stupid trades
If any of you took a similar loss following my personal call, unsupported by any other indicators
think about this.
I took a 39 point loss on a trade based on my market feel. If you were able to follow that one, what prevents
you from following the maxspan trade with a normal 40 point stop?
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