I'm not going to talk us through this whole trade, of mine.... It's very involved....
but I was a little upset that I hadn't exited this entire position at the bell on friday.... It was a mistake.... Though... It worked out for me.
So here we are, this morning, and I have "in the Premarket" gotten out of half that positions....
The exit for the other half is my entry point Pluss a "Panic".
I'm just "not sure" about a gap fade..... Seems possible, but as I see how large this move is....
and as I tracked the futures all night.... at the open of Markets on sunday we started down 3 and moved to down 5 and then late last night moved to down 10 on the SPX...
so It feels like "Even if it Gap fades" it will not move more than 7....
and I'm not sure... but I'm going to keep an eye out for a "Down Day" or a Down Bar...
Possibly a Set of 3...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, June 15, 2009
Last we knew
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment