This is why stop loss is EXTREAMLY important
i was short overnight 4 es from 900
(had 910 June calls for protection)
at 1 am i get home last night and see es minus 11
immidietely put a stop loss at 894.5
see attach gif for the perfect stop loss
the lower green line is your short shop
the red line (third from bottom is my buy stop for long
so early this morning was stopped into 4 longs
and, took profit at top line
this is very useful as it gives you diciplane,,
this is control of fear ,,, greed,,
this is available
Ben
-----
Original Message -----
From: RajaCar
Date:
Wednesday, May 6, 2009 12:29 pm
Subject: RE: [TimeandCycles] trades
To:
TimeandCycles@xxxxxxxxxxxxxxx
> It ain't over until it is over. There
is an NDX Apex due 5/8,
> right where the Master Cycle suggests the
final HIGH will be and
> the there will be all out crooked OE week
next weak. Bears beware.
>
> --- On Wed, 5/6/09, Roy A.
Fellars wrote:
>
> From: Roy A.
Fellars
> Subject: RE: [TimeandCycles]
trades
> To: "TimeandCycles@xxxxxxxxxxxxxxx"
> Date: Wednesday, May 6, 2009, 11:04
AM
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fwiw, I covered all swing shorts and looking to reload again.
> Fibonacci
retracement lines continue to offer support suggesting
> that, in wave
structure at least, the rally is not over.
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>
> --Original Message Text---
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> From:
Robin Tracey
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> Date: Wed, 6 May 2009 16:48:05
+0100
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> Kirk,
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> Here is the open interest in SPX options for May and June.
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> RT
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> From:
TimeandCycles@xxxxxxxxxxxxxxx
> [mailto:TimeandCycles@xxxxxxxxxxxxxxx] On
Behalf Of
> Kirktaylor966@xxxxxxx
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> Sent: 06 May 2009
15:25
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> To: TimeandCyclesDaytrading@xxxxxxxxxxxxxxx;
> TimeandCycles@xxxxxxxxxxxxxxx
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> Subject: [TimeandCycles]
trades
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> I concur with our
gurus, today marks a top....Thanks Slawekp for
> updated charts.....Larry
Pesavento waited until this morning's
> open to go short...He'll be
updating all the marlkets tonight,
> I'll post.....
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> I bought SDS at 58.25....also sold call
credit spreads....the
> May 930 calls/May 950 call spread....credit of
5.00.....based
> on the forthcoming CIT on May 18th, I could conceivably
capture
> ALL of that premium and they expire worthless. Anyone have
> updated Max Pain and/or option open interest on calls? As
> long
as we close OPEX below 930, I'm a winner!
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> Shopping for Mom? Save yourself a little time and money on AOL
> Shopping.
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