A diary of the thought process behind my investment decisions
Case Shiller disappoints, Consumer confidence is well below expectations, 5 year bond auction stinks... market closes near its highs...Deja vu all over again.I think we need another spike higher to clear out position but I know you disagree. Are you going to increase your shorts if we continue to hover at these levels the rest of the week?JD
Its likely that I will roll the strike of my Puts higher and to February towards the end of the week. That would serve to slightly increase my short position.
If we go higher.
My system launched a short today. Looking for a 1% drop in ES futures at any point Wed-Fri.
Ok, so you are looking for a move to 1242, where is your stop?JD
system avgs up over 24 hours until target size is achieved as long as 1% stop on avg cost is not hit. initial position is 1/2 target. if price moves immediately in correct direction, system abandons target position size. will cover either 1242/1243 or by fri close.
Thanks, was just curious. Good luck.JD
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