yeah TBT following the market, whatever the market does, I think
TBT will tag along.
as far as stop, that's your personal choice. Steve posted
yesterday that he wanted to see TBT break the downtrend line on
that 60 min chart, but then pullback and hold the trendline; well
this morning TBT broke that trendline but came right back below it
on the pullback today, so I'm sure he stopped out. Now
you personally may choose to give it more room.
Tomorrow is historically bullish for the market, if the market
rallies, then TBT probably will bounce as well, though realize we
have big Jobs report tomorrow so it's a crap shoot
At least you have a stop in place, too many traders don't use
stops and come back to us after they are down 30%, so you are
trading objectively
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yeah TBT following the market,
TBT trade question for Steve or Matt
Posted by matt on 1st of Sep 2011 at 01:46 pm
yeah TBT following the market, whatever the market does, I think TBT will tag along.
as far as stop, that's your personal choice. Steve posted yesterday that he wanted to see TBT break the downtrend line on that 60 min chart, but then pullback and hold the trendline; well this morning TBT broke that trendline but came right back below it on the pullback today, so I'm sure he stopped out. Now you personally may choose to give it more room.
Tomorrow is historically bullish for the market, if the market rallies, then TBT probably will bounce as well, though realize we have big Jobs report tomorrow so it's a crap shoot
At least you have a stop in place, too many traders don't use stops and come back to us after they are down 30%, so you are trading objectively