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Strategies & Market Trends : E-Mini Pit
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To: the-phoenix who wrote (551)2/14/2002 5:22:42 PM
From: Dan Duchardt  Read Replies (3) of 11288
 
Pheonix,

Went short again when the lows broke, only to watch it run right back up

This has been absolutely the surest way to lose money I have found in the last few months. I don't now if anyone has the tools to back test this, but it's been a killer for me. Shorted NQ at 1409 on Friday after the gap failed and decisive break of Thursday's lows. Watched it try to break down for 2 more hours before getting run over by the train. I know some of them go, but when they don't they can hurt big time.

Dan
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