Dow heading higher

Moneylender

Legendary member
5,693 369
Originally Posted by timsk
Don't you regard the morning high @ 14,650 as resistance? I do!


Not anymore!!!
 

stellarog

Member
65 6
Last through of the dice for the Dow, adding to my shorts here at 14665 target 13200 ish
 

timsk

Legendary member
7,605 2,378
Last through of the dice for the Dow, adding to my shorts here at 14665 target 13200 ish
Hi stellarog,
That's an ambitious target and it sounds very much as if you're scaling into your position? When you say "last through of the dice" - do you mean if the Dow doesn't sell off and continues to rise that you'll close / be stopped out of your trade(s)?
Tim.
 

stellarog

Member
65 6
Hi stellarog,
That's an ambitious target and it sounds very much as if you're scaling into your position? When you say "last through of the dice" - do you mean if the Dow doesn't sell off and continues to rise that you'll close / be stopped out of your trade(s)?
Tim.

I mean I can't see it closing the week up here above14700 however if it does I will reconsider my position.

Regards Stella
 

stellarog

Member
65 6
Stellarog, get ready to add more shorts at 15000.
What is your average price?

Haha I won't be short at 15000. My average price is 14600 so about 100 offside at the moment although I expect to be in profit sometime tomorrow !

Stella
 
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timsk

Legendary member
7,605 2,378
Haha I won't be short at 15000. My average price is 14600 so about 100 offside at the moment although I expect to be in profit by tomorrow !
Hi Stella,
In answer to my question you said you'll "reconsider your position" if price continues upwards. You're circa 100 points off side now, at what point will you reconsider and what does 'reconsider' mean? Does it mean:
A) You'll take the hit and close the trade.
B) You'll add to your position to raise the average entry price nearer to the current price.
C) Other - please specify.
Just in case you're wondering, I'm not someone who's against averaging into (or out) of trades, but not many people do it and those that do are often reluctant to discuss their approach. Suffice to say - I'm genuinely interested in how you manage trades that are off side.
Thanks,
Tim.
 

stellarog

Member
65 6
Hi Stella,
In answer to my question you said you'll "reconsider your position" if price continues upwards. You're circa 100 points off side now, at what point will you reconsider and what does 'reconsider' mean? Does it mean:
A) You'll take the hit and close the trade.
B) You'll add to your position to raise the average entry price nearer to the current price.
C) Other - please specify.
Just in case you're wondering, I'm not someone who's against averaging into (or out) of trades, but not many people do it and those that do are often reluctant to discuss their approach. Suffice to say - I'm genuinely interested in how you manage trades that are off side.
Thanks,
Tim.

Answer A is correct. I'm out of that trade now !

Stella
 

jlian

Junior member
27 1
Never mind about the losses (I had a loss as well near there). Do not base your trades on expectations!
 

Cole Hann

Junior member
22 0
a 15K DOW. The market hates traders. Wants them to fail, and will do everything to get them to fail & lose $. The market hates winners. It's not going to be easy.
 
 
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