Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (62884)	10/29/2005 11:22:55 PM
From: RR	Respond to of 65232

We have not talked about life plans on the Porch in ages. Anybody got any success stories to tell on their life plans? RR

To: RR who wrote (62884)	10/30/2005 7:46:07 AM
From: Clappy	Read Replies (1) \| Respond to of 65232

John, did you buy anything on that pop going into Friday? I got burned again. I went long the ES mini on Thursday morning as it looked to be turning up but then it came back down and kept going. Then on Friday the move had begun already and it put me in a bad frame of mind to be trading where I look at what I missed instead of what can be happening. (Working the levers while looking in back of the train instead of in front.) I'm going to simply play the calls on those signals of yours instead. The minis give a lot of leverage but holding them overnight could be deadly in an unseen event. Had I bought the calls instead I would have had them the following day and not have lost a penny due to my initial early entry. (Same mistake as last time.) What I like about the minis is that there isn't as much slippage (big gap between the bid and the ask). Anyhow... learn and adapt... I'll be ready next time. It took some balls to continue buying into Thursday's slide. But then thats why you are where you are. You take your risks and believe in your system. Nice job. Must have been a ton of profit on that trade of yours. -Clapper