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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (5253)8/13/2002 10:35:43 PM
From: jefe12  Read Replies (1) | Respond to of 11288
 
Susan- you're back from dinner. How's grandma? So the day before the Fed speaks is a dead day. I would've taken yesterday off had I known that. Should we see some movement tomorrow, or is there something I should know about the day afters?



To: Susan G who wrote (5253)8/13/2002 10:46:43 PM
From: the-phoenix  Read Replies (1) | Respond to of 11288
 
Nice trade. I, too, was shorting on the way up from 10-11AM(S&Ps). Wasn't too worried about getting shaken out, as the S&Ps had some strong overhead resistance just over today's highs as well. Sure wish I had held to the close like you. That is something that I just can't do, and is the difference between a two-bit wannabe daytrader and a real professional.

*Sigh*

I just read the Livermore book this summer. Some great lessons in there, but few traders today can do the things he did back in the first quarter of the last century.



To: Susan G who wrote (5253)8/14/2002 11:21:52 AM
From: the-phoenix  Read Replies (1) | Respond to of 11288
 
It figures. Tried to have a little more patience with an S&P short this morning, and ended up blowing a $1000 profit opportunity. Stopped out near the high, of course, at breakeven.

The worst of it is, I held a spread trade overnight, and that too was up $1000 this morning at 10:30, but I broke it to play the S&P short. TWO blown $1000 profits this morning.

What a week.