Vaco
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I get it now hung,
As for being gloomy, (i know it sounds like I'm just saying now cause the market turned) I was starting to feel like I got out my short trade too song and that going long was a bad idea (stopped out now so it must have been).
Now I'm stuck, 11000 is a long term support price to go in long at but I cant bring myself to pull the trigger on it Some one on this board said 'dont try to catch falling knives' and its stuck in my head so i may just sit the rest of this week out to regain my composure.
Happy trading all
As for being gloomy, (i know it sounds like I'm just saying now cause the market turned) I was starting to feel like I got out my short trade too song and that going long was a bad idea (stopped out now so it must have been).
Now I'm stuck, 11000 is a long term support price to go in long at but I cant bring myself to pull the trigger on it Some one on this board said 'dont try to catch falling knives' and its stuck in my head so i may just sit the rest of this week out to regain my composure.
Happy trading all
Elefteros said:
That's sensible.
I really don't like long price bars (anything more than 70-100 points for the FTSE or the DOW). I do want the market to go up a bit more so that a short has more potential but I am not sure how much it can go up before the bears start dragging it down again.
Best,
Hung
Vaco
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The devil makes work for idle hands, 
Just trew caution to the wind and went long at 11015 but with a tighter stop 11615 50 pts instead of 100, if this one gets stopped then i'll stay out.
Then i came in here and saw your post so if i was being sencible before only god knows what i'm doing now. :-0
Just trew caution to the wind and went long at 11015 but with a tighter stop 11615 50 pts instead of 100, if this one gets stopped then i'll stay out.
Then i came in here and saw your post so if i was being sencible before only god knows what i'm doing now. :-0
hungvir said:Good luck!
If I trade now, I would bet on the long side as well. But as I do not trade against the trend, I just stay out of it. But a rally after a week of heavy correction is... sensible
Yes,. but, WHEN, though? I went long on NRK the day before yesterday.....
Split
Closed GUS at 960.9. New high for the day. With Footsie recovering it may not be a good idea to short , especially after yesterday! While I was typing this, it went up another ten points, although it is off the top now. That shows that, once the trader's reason for opening has been found wrong it doesn't pay to hang around waiting for a recovery.
My reason for opening was fine as long as the 956 high was not broken and I was on a mental stop which cost a few points to close the trade- plus spread.
Split
My reason for opening was fine as long as the 956 high was not broken and I was on a mental stop which cost a few points to close the trade- plus spread.
Split
If you can't coin it, who can, Jon?
By the way, I still did not get it that share price does not drop the day it goes ex-divident. Isn't it true that you don't get the divident if you buy the stock after that day and as thus you're entittled for a discount?
best,
Hung
P.S should my congratulations go to you or your wife in the trading contest ?
By the way, I still did not get it that share price does not drop the day it goes ex-divident. Isn't it true that you don't get the divident if you buy the stock after that day and as thus you're entittled for a discount?
best,
Hung
P.S should my congratulations go to you or your wife in the trading contest ?
Splitlink said:
Didn't you get something out of it yesterday when the FTSE went up 140 points plus? But it's down more than 100 points this morning. As I stay true to the rule of only shorting when the price starts to come down again after three up day, I did not short it.
Good trading,
Hung
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