Saturday, August 22, 2009

Wishing Us A Successful Trading Week Ahead & May We Have Green Grass & High Tides Forever

2 comments:

E said...

LOL I love Hgh tides....except when they are "too high" and they close the beach...

Wife and I took a rollerblade ride for about an hour along the beach today... Huge swells.

Great job with your blog...it will help you focus your thoughts.

If your intent is to scale in... then mentals stops are usually used by the pros to avoid the situation you are addressing. You get burned badly if you hesitate and cannot pull the trigger to eject at a "dangerous" pivot.

George Angel in Sniper trading talks about aborting the trade and reversing immediately with a double postion, thereby making it necessary to only travel half the distance to get back to par if you are underwater.

I have noticed our friend Fari often use the same technique fwiw.

This is obviousy an "aggressive play", and no pat answer how to play these annoying nuisances of trading.

It's like a golfer who has his ball lying an inch away from the edge of a pond, but having to stand in the water to hit the ball...

Doable, but risk involved.

ES_Addict said...

E,

Just can't stay away from the market peripherals eh? It's always nice for The EminiWizard to stop in at TSS with some words of wisdom.

Was thinking of you when I saw the weather report of Bill heading up there. Hopefully not much of an impact on your r & r.

Again, have a great time and thanks for "stoppin in".