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Non-Tech : Raptor's Den
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To: Win-Lose-Draw who wrote (10083)5/3/2003 9:23:52 PM
From: velociraptor_  Read Replies (4) of 10157
 
I cannot delete posts anywhere. I can only ban people from posting. There is nothing misrepresented because the last week went pretty much as outlined with only a few adjustments. I don't dislcose my specific trades publicly and the index outline has nothing to do with specific trades.

Do I have 2 DOW shorts open at -1000? Yup...I don't have a problem with telling you that and I will do it publicly because I am not afraid to let you know that no plan is perfect...not mine nor anywone else's. But I can tell you I do have strategies planned and I will be willing to wager that I will close both of those shorts well before the contract expires without taking any real losses while at the same time bringing in at least a minimum of another 500 points in gains on top. You also forgot to mention the 3000 points in gains that have already been taken. Nor the fact, that I hedge my trades at times with the S&P contract which by the way has 23 points in gains and 5 points in losses and I only just started it recently on the site.

And yes, my gain totals include positions closed only because I have a bigger picture plan outlined and will also be willing to bet that I will be able to pull profit on just about every one of my trades currently in the red. Like I said, no one is perfect, buy the bigger picture strategy usually works out and I tend to take few real losses over time. It is not always necessary to stop out on some trades when you know thye bigger picture will likely bring you the target price anyway.

And no, current red positions will not wipe out the gains. There are 330 points in gains and 50 points in losses for Trade Studies. And 1200 points in gains and 200 points in loss for Chart Trackers. I certainly don't have that many points in the red. Not even close.

If you ask, I will tell you about it. I am not dishonest about anything. At the same time, you have to understand the strategy which is not day trading in a sense. I have a bigger goal of growth over time which includes taking losses on occasion and missing entries at times. It also involves hedging and diversity.

Please post future comments on the main Raptor board. I have no objection to it but realize we all make mistakes at times, and we are not here to analyze records. You're going to miss some but it's what yu do with those misses that counts and how it factors into the bigger strategy as well as profits already taken.
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