If you're short, I'm the sucker going long....: all about the last 30 min.

Monday, August 10, 2009

all about the last 30 min.

18 million shares that last half hour... that is 5 mill every 10 min or 2.5 mill every 5.

3 comments:

Tony said...: "don't short a quiet market" I'm out of most of my shorts... too eery.

This close is not weak, dude.; August 10, 2009 at 3:58 PM
Tony said...: That is true, but I never discounted the fact that it could have been a breakdown. Looking for the high percentage trade only.

I blogged this:
http://starwealth.blogspot.com/2009/08/xlf-bull-flag-or-beakdown.html

My sell-stop on the XLF short was 14.10, which means I was in the highest percentage trade on 8-11.

I did not hold shorts overnight on the 10th-- stopped out of short GENZ and short AZO in the afternoon.

Sometimes I'm right for the wrong reasons, in this case I was right for the right reason. High percentage trade.; August 12, 2009 at 7:55 AM
Eric said...: I'm about to post some Scathing shit, so Hold on.. not about you though...

That DB trader Feed, says what you do is build a position,

so.. day trade a full position then leave some(30%/10%/20%/5%) "in play" in case the trend continues. And if it Mean reverts you get out flat. then keep building it as the trend continues.; August 12, 2009 at 8:12 AM

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