P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: LTK007 who wrote (20753)	12/19/2002 10:59:10 AM
From: Jeffrey S. Lillie	Read Replies (2) of 30712

i admit it i did get lucky. my very reliable indicator said we would close at the lows but get an approx 8 -10 pt bounce in spx before an afternoon dump. we got that and i didnt even sell half into that bounce. I had 25% gain and let it slip away knowing full well that we had over a 90% chance of a close at or near the lows. I was in the hope crowd. fortunately things reversed today and im ok. i did sell half in ah yesterday to minimize my downside risk. by days end i felt today had about equal odds to go up or down, but felt if we went down that we would get a bounce to get me out. if we can dump good here today i will look to calls again. not being greedy and playing puts on the pullback. dont want to be greedy (gggg). i will be selective in my trades as i have had the absolute best week of my life. trading account is up 89% on the week. i see we are now getting the dump we should have had at the open. j

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