ES 9-30-08

I just covered all of these in the overnight at 1253.50...I'll consider this a "gift" and a failed campaign because of the high risk and overnight exposure.......thanks again for the support and encouragement......

one thing that many aspiring traders don't always factor in is TIME.......OUR personal time...

I've got two kids and one on the way.....it's 4:21 in the morning on the east coast and I am UP managing this trade......I'm 47 years old and I need to sleep..lol..........While I'm happy to exit the trade it's just not worth the wear and tear on ones personal life at times....

You folks with the options had the right idea.....

quote:

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Originally posted by BruceM

I went in at 27.25...three.....avergae price on this campaign is 1148...whew...that's a mess...targeting 62.50.....but when...?

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Short one at 1149.25, 2.5 stop.... covering here

1146.75..plus 2.5.. up 5.5 on the day..(reasons for the scalps simply the over bought 5 min. and 1 min. charts and have to leave for 2 hours. wanted to squeeze at least one off)

I sold on the hour breakout with $tick and volume divergence...I think they want to take those 43.75 folks out of the long side........won't be adding in today.......

I wanted to make it clear that this was actually a losing campaign.......I worded this incorrectly and want to remind folks that I also had longs as part of this campaign from 1170 that I covered at 1147....for a loss.......reading this one would think I made a few points but in fact I didnot win on this ...

Just want to keep it real

Bruce

quote:

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Originally posted by BruceM

I just covered all of these in the overnight at 1253.50...I'll consider this a "gift" and a failed campaign because of the high risk and overnight exposure.......thanks again for the support and encouragement......

one thing that many aspiring traders don't always factor in is TIME.......OUR personal time...

I've got two kids and one on the way.....it's 4:21 in the morning on the east coast and I am UP managing this trade......I'm 47 years old and I need to sleep..lol..........While I'm happy to exit the trade it's just not worth the wear and tear on ones personal life at times....

You folks with the options had the right idea.....

quote:

---

Originally posted by BruceM

I went in at 27.25...three.....avergae price on this campaign is 1148...whew...that's a mess...targeting 62.50.....but when...?

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1153ish would be a great short op right now imo

Nice call Pop

long at 43.75 looking for 49

edit moved stop to 44.50

out at 48

If they trade back down into that single print area once more then I'm afraid we may see new lows down towards that 1132 number today......this would also put us back below the current high volume zone of 1143.75 - 1148......big zones when we have big moves....

nice trade POP...what was the set up?

Kel, answer is on the Pops video thread.(ps; remember not necessarily THE downside of any given cycle or movement but a possible support point where a bounce of some kind might be expected)