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

"Sell down to your sleeping point"

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.

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.

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.

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