Great call on 1302 on S&P. I loaded up on 1,500 DXD at
9:50AM today ($58.39)with tight stop. As market pulled back I
widen that stop however it did hit near 1294 area. I didn't
want to lose my gain and used 1292 as support target.
($59.56) It worked perfectly like you called it however I
guess I should have kept some since 1292 didn't hold. Will
wait and watch 1260 or 1302.
I disagree somewhat with your statement. :) You and
Matt get credit for laying out the road map. I'm learning and
getting better by listening to you both. (Setting an Entry
Plan and Exit Stop Plan, Put the trade on,
and then let it run until my trailing stop gets hit or
money gain objective traget is hit)
I hit my money target today and so I tighten my stop to
lock those gains in from R 2 to R1. After studing my trade
just now I still had a small mistake. I took off full trade
at R1 and should have keep 1/3 to see if Market would tested the
pivot point or lower. (Net - I took off the runner trade
which I shouldn't have done)
Funny - I started by being a lost puppy buying and selling
blindly now I made some money and still find trading issues.
It tells me I'm getting better at trading however still need to
keep learning.
I share this with group because I want everyone on board to
learn so we all can continue to improve and make better trades.
Thanks - Matt/Dodger
Posted by cspirit on 2nd of Sep 2008 at 03:33 pm
Great call on 1302 on S&P. I loaded up on 1,500 DXD at 9:50AM today ($58.39)with tight stop. As market pulled back I widen that stop however it did hit near 1294 area. I didn't want to lose my gain and used 1292 as support target. ($59.56) It worked perfectly like you called it however I guess I should have kept some since 1292 didn't hold. Will wait and watch 1260 or 1302.
Thanks Guys .. You made me $1500 today.
Congrats Chris - you are
Posted by dodgerdog on 2nd of Sep 2008 at 04:01 pm
Congrats Chris - you are the one who deserves the credit. Way to execute your plan. Very objective trade.
Steve, I disagree somewhat with your
Posted by cspirit on 2nd of Sep 2008 at 04:20 pm
Steve,
I disagree somewhat with your statement. :) You and Matt get credit for laying out the road map. I'm learning and getting better by listening to you both. (Setting an Entry Plan and Exit Stop Plan, Put the trade on, and then let it run until my trailing stop gets hit or money gain objective traget is hit)
I hit my money target today and so I tighten my stop to lock those gains in from R 2 to R1. After studing my trade just now I still had a small mistake. I took off full trade at R1 and should have keep 1/3 to see if Market would tested the pivot point or lower. (Net - I took off the runner trade which I shouldn't have done)
Funny - I started by being a lost puppy buying and selling blindly now I made some money and still find trading issues. It tells me I'm getting better at trading however still need to keep learning.
I share this with group because I want everyone on board to learn so we all can continue to improve and make better trades.
Thanks
Chris
I second that matt &
Posted by dallahoo on 2nd of Sep 2008 at 03:46 pm
I second that matt & DD, I unloaded a bunch of SPY calls right on 1300+ resistance line you guys drew, awesome!
great trade
Posted by robbie on 2nd of Sep 2008 at 03:35 pm
great trade