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Old 12-21-2022, 08:19 AM   #196
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Getting a nice bump up over the last hour...going to get out soon while the getting is good on this one...stay tuned
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Old 12-21-2022, 08:32 AM   #197
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Quote:
Originally Posted by PaceAdvantage View Post
Not my favorite entry, since it's already gone up a lot...but a signal is a signal...

LONG RTY @ 1766.60

stop @ 1740.40
Exited LONG @ 1774.10

P/L = +7.50pts

Record = 10 for 34 | +90.90pts | +$4,545 per contract
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Old 12-21-2022, 10:47 AM   #198
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So yeah...my method obviously got me out when it shouldn't have, as RTY has gone up 20 pts since I exited my trade...but that's what happens sometimes when you are trading a method.

There have been other times where it has gotten me out at pretty much the exact perfect time to exit. These are the things you learn to accept as a trader if you are actually going to succeed at trading.

Only get upset when you DON'T FOLLOW the method and you MISS OUT as a result (like what happened to me last week when I missed out on a 90pt trade).
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Old 12-21-2022, 09:22 PM   #199
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might be setting up for a short soon...that's what it looks like anyway at this point...stay tuned...or not
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Old 12-21-2022, 09:29 PM   #200
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if you look at the chart, it doesn't look like it's saying short...so if I do go short, it will probably be a loser...the chart itself still looks quite long....it's barely pulled back off the highs of this afternoon....but a method is a method...
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Old 12-22-2022, 01:50 AM   #201
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SHORT RTY @ 1792.70

stop @ 1795.00
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Old 12-22-2022, 06:36 AM   #202
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kind of surprisingly, I haven't gotten stopped out yet, and the trade simply moved in my direction almost from the start...up almost 10pts at the moment...who knows what will happen from here...definitely will be staying in this one through the day and into the evening if I don't get stopped out...
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Old 12-22-2022, 09:22 AM   #203
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Up about 20pts now...sometimes I even surprise myself...but, it doesn't count until you take that profit (or loss), so this reply is nothing but a self-serving, ego-stroking flex...my apologies
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Old 12-22-2022, 11:52 AM   #204
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up 40pts now...poggers
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Old 12-22-2022, 01:34 PM   #205
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up 57pts now....so much for that Santa Claus rally, eh?
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Old 12-22-2022, 04:57 PM   #206
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What a difference a few hours makes...have already given back 27pts since the last update and now stand up only 30pts...oh well...that's what happens...

Still holding short...
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Old 12-22-2022, 10:10 PM   #207
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still holding short until at least tomorrow morning...
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Old 12-23-2022, 08:28 AM   #208
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it's becoming clear with this trade that it's either going to be boom or bust, because I'm still holding...and could hold over the holiday if I don't get stopped out, which is something I never really do....
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Old 12-23-2022, 08:43 AM   #209
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The resilience being shown at the moment is telling me I'm just going to get stopped out today at some point...whatever...I followed my method, so nothing to complain about...I can only admire the roller coaster ride that was this trade...
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Old 12-23-2022, 04:47 PM   #210
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After examining the numbers going into the close and taking into account the market is closing in about 15 minutes and won't reopen until Monday evening, even though technically I'm supposed to hold onto this trade, I am going to cover this short sometime in the next 10 minutes...my current projections show that I will likely close this trade within a few hours of the market opening on Monday evening, and I just don't think it's worth the risk to hold it over the long weekend....

Best just take the 20 or so points of profit now and be done with it...
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