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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 680.44+0.6%4:00 PM EST
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To: GROUND ZERO™ who wrote (98483)11/13/2017 5:23:14 PM
From: codfish231 Recommendation

Recommended By
Don Green

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I haven't seen anything in the markets or the charts to indicate to me that dips can't be bought. I just have to keep remembering that higher prices ARE coming, and even though I may not get paid off right away, payday IS coming.

My strategy within this context is to take new positions on pullbacks, and sell a portion of the new positions into strength. I bought 4 eminis at 2074.5 today, 6 at 2072.5, and 8 at 2071.25. I had an order for 10 at 2068 that went unfilled. I sold 2 at 2080, 4 at 2082, and 6 at 2084.5. I did similar trades with the NQ's, except that I sold all my new buys, because they met my price targets.

I am currently playing with sufficient "house money" that I have no real stops
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