Last night we had stop moved down to $49.5 and were stopped out again for $375 profit June oil has broken through 50.46
we weren't overly excited about trade but we did net a modicum of green. That is why we use stops especially on the overnight.
Imagine how we feel if we did not protect we went to bed up $500 woke up down $675. Now that would be a nightmare. If any member does not understand how we do this. Email us at chrgr06@yahoo.com this strategy is crucial to success without these
helpful little safety nets there would be no profits at all. i learned this the hard way like most traders and one of my objectives is to prevent new traders from repeating the mistake that is most repeated. It not only prevented a loss it forced a disciplined taking of profits. We are already past our weekly goal standing at plus $4472.
Durable good out better than they expected as well as Ford earnings (not myself as you know) The dollar continues to be meek and this stress test test announcement is coming. I hate to be a conspiracy theorist but do you think they will not reflect this as positive? Otherwise why be so secretive about the results until May 4th when they are getting the results as soon as today? Come on -if the spin machine isn't in effect here I don't know what is happening. This administration is determined to say I told you so and will bend the rules and write the rules and spend every last dollar and then print however many they need and tell everyone to whatever extent they can how well they are doing. This initial idea about clarity and transparency sounded altruistic but this delay of dissemination makes me scratch my head.
I am bullish overall but have been expecting a pullback
I sell once in a while two days in row on the overnight and we made $675 but had we reversed position and protected the other way we would have double that number but you can't stay awake 24 hours you know. If you look back over the past month we catch the right side of the overnight very often but when we don't we still make money or break even cool right?
Ok members once again emails are going out so check them and I will back to help adjust them.Haver a great friday
