John.. Levels are important to watch, we established our strategy nicely yesterday, was not able to catch the entire move but that break of 3685 to lower I had a solid move to capitalise on by long puts that i established on the way down below 3685, that level proved to be good , the first fall to 3670 was entrapment that second wave of selling was the real momentum players.
Market dynamics and fluidity cannot be covered by few posts when we sit to write, but if an effort meets even half way it is good enough, bottom line is that outside parameters are defined and we try to play within those outside parameters, ideally I should have been continued short from day before yesterday but once NDX rallied day before I did not had the case of continued short, the position I made few $ was worth 40$ yesterday but discipline did not allow me with the foresight to carry this position overnight, same like last night I closed my position estyablished at break of 3685 to avoid the plus 8 opening, inter day trading gives a lot of opportunity we need to keep looking at our parameters and than establish game plan.
I do have the luxury and I take this on me to keep reminding myself of the posts I am writing so that iwth dynamics of the marekt the strategy should tie up, that is how I determine if it is all adding up, last night and today that is one thing you will find on this thread quite a bit. |
