7058 replies to this topic

[walter10]

How does one remove a incorrect reputation point thingy given to someone else on this forum? 

[delta66]

TKG..punch it baby!!

[delta66]

eg:  MPC full allocation-500K long.  entry(165K) 2nd tranche(330K)  tight stops are set after 2nd add.

[In abunde]

add off the bottom, exit channel previous high re: my last post.  (personally, i have doubts we'll see those lows(25000) unless general mkt weakness drives price down next week..lets wait and see)

 

this type of staggered strategy is employed in 70% of my trades, with very few exceptions - i always bank profit! 

D, when you say staggered strategy you mean your 1/3 of total intended position adding at a time.  Does this not leave you with only 1 or 2/3 positions more often than not?

[delta66]

add off the bottom, exit channel previous high re: my last post.  (personally, i have doubts we'll see those lows(25000) unless general mkt weakness drives price down next week..lets wait and see)

 

this type of staggered strategy is employed in 70% of my trades, with very few exceptions - i always bank profit! 

[Mr_SA]

oh yeah!..regardless of how price swings(down/up)..i'll be banking profit

 

How do you get that?

[delta66]

Here is a short recommendation on MPC

https://smarttraders...insight/26/2391

oh yeah!..regardless of how price swings(down/up)..i'll be banking profit

[Mr_SA]

Here is a short recommendation on MPC

https://smarttraders...insight/26/2391

 

[delta66]

I opened a MPC position a few weeks ago, and was doing great, should've closed out on Friday but hey (live and learn) so now wondering wherther i should close out my position or perhaps add to it.

 

Seems its a good idea to add! Thank you

no problem!  look to see if 26200 holds, if that fails and retailers are weak next week i could see revisit of 25000-25500 level.

[Lazyme]

here's the thing..price could go down to 25000/add another tranche to average out..ride up again till 28000 - this scenario could happen in the next 2/3weeks chances are even sooner.  position sizing is "key" in winning trades

I opened a MPC position a few weeks ago, and was doing great, should've closed out on Friday but hey (live and learn) so now wondering wherther i should close out my position or perhaps add to it.

 

Seems its a good idea to add! Thank you

[delta66]

Do you think MPC will rebound form revent losses?

here's the thing..price could go down to 25000/add another tranche to average out..ride up again till 28000 - this scenario could happen in the next 2/3weeks chances are even sooner.  position sizing is "key" in winning trades

[delta66]

yes..i do!!  depends on your outlook/timeframe.  short time window(intra) bounce back 27200+....doubtful!! 

[Lazyme]

its going to be a slow grind MrSA....MPC southbound as well - no worries, will add a little further down

 

Do you think MPC will rebound form revent losses?

[delta66]

its going to be a slow grind MrSA....MPC southbound as well - no worries, will add a little further down

[Mr_SA]

Anyone have a crystal ball as to when WHL might start ticking up?

[Mr_SA]

Oil price spiking, didn't believe it was totally justified and shouldn't increase that fast

 

Great call on the SOL short

[Reen]

Any thoughts on getting into Bat?

[ianamst]

I like your SOL short Yusuf.......also eyed the same but didn't follow through yet.  Agree with oil spike and potential for price decrease again

[yusufm]

What makes you think the share is going to head back down?

Oil price spiking, didn't believe it was totally justified and shouldn't increase that fast

[ianamst]

looking at TRU, is the new trading range low 9100 to 9600 now?  before the recent jump was 8750-9150.  Still in Aspen, missed NPN for the long at low 180000.........VOD short piling up but very small position..........APN still long........patience is the key, am thinking (or is that hoping!)