Posted by sptrader on 15th of Oct 2014 at 09:38 am
this is uglier than I have ever seen in my brief experience...
My short positions are wonderful, but I'd appreciate advice for a
day like today... what to look for regarding a turn-around?
The best advice I can give with the lack of knowledge of the
style of trade you have, is if you are unsure, slice a third of the
trade to bag some profit and then position your stops to protect
the rest, either at entry or in profit at apoint that suits you and
the charts.
The other way is to use say a weekly option spread bet where
they can be purchased for the minimum down here. so the loss is
miniscule but protects your trade if it reverses by paying out.
Advice from the experienced traders appreciated...
Posted by sptrader on 15th of Oct 2014 at 09:38 am
this is uglier than I have ever seen in my brief experience... My short positions are wonderful, but I'd appreciate advice for a day like today... what to look for regarding a turn-around?
thank you
Depends on the type of trade you have...
Posted by saturn6 on 15th of Oct 2014 at 09:57 am
Is it a day trade a swing trade for example.
The best advice I can give with the lack of knowledge of the style of trade you have, is if you are unsure, slice a third of the trade to bag some profit and then position your stops to protect the rest, either at entry or in profit at apoint that suits you and the charts.
The other way is to use say a weekly option spread bet where they can be purchased for the minimum down here. so the loss is miniscule but protects your trade if it reverses by paying out.
agreed... took some nice profits...
Posted by sptrader on 15th of Oct 2014 at 10:01 am
agreed... took some nice profits... mostly in cash now and considering long positions... trading SPY
thanks
trail stops
Posted by hazbin1 on 15th of Oct 2014 at 09:45 am
with vix @ 27+ and climbing, markets will move very quickly. and that's being kind.