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Alsi Futures 13Sept10

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HateGauteng
Super Contributor
Ooh, looky BIG GAP! Need this to close to get out of trouble.
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29 REPLIES 29
Not applicable
also had a short fishing trip friday night...think we gonna get 25000
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HateGauteng
Super Contributor
Now why does China have to give surprises in the weekend.
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nala
Super Contributor
i carried my short position over the weekend---- elder always said that overnight position is for losers---weekend worse-- ...
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HateGauteng
Super Contributor
If gap closes, most of losses can be mitigated so not panicing yet. Need a new course from ost "Trading your way out of Trouble"!
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Wizard
Super Contributor
Yes...I can write the module on that....got plenty of experience!
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SimonPB
Valued Contributor
an if the gap doesn't close ??
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saash
Super Contributor
Yes - that would be a wonderful course actually. HG - how's it working out, trading fulltime?
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HateGauteng
Super Contributor
Then it hits the fan.
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asylum
Super Contributor
hategauteng are you trading or investing? You need to set some rules or you can end up in trouble, i learned a long time ago not to hold a position overnight ,risk is to high and stop loss is a must, ive found everytime i ignore the above rules i end up losing money.
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Not applicable
HG - i will be sitting at the fishwaters drinking a cold one with a smile on my face once this market starts tumbling down and that is not far away. Keep them shorts boet.
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asylum
Super Contributor
it can be far away enough for you to loss a lot of money!Trade the price.
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Not applicable
I'am, but instead of worrying everyday what the markets is going to do i'll worry once at the end of the month when i lost all my money. Ha Ha Ha.
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fusion12321
Frequent Contributor
why waste your time and wait a month?? go to the casino and play roulette. u can triple your cash or loose it all in 2 hours while having drink in your hand.
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Not applicable
What will be the catalyst to close the GAP this afternoon? News is quite thin today and world sentiment positive with news from the weekend on China GDP and Basel 3.
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Not applicable
Trading can take place on multiple timeframes folks - so nothing wrong with overnight positions, providing you know what timeframe you are working with. I for one was overnight long. Just remember 1) Day traders work on the principle that market sentiment changes on a daily basis and that there are news items out there that will impact overall sentiment - they also look for daily inefficiencies to capitalize on (such as gaps). Overnight holding no longer clasifies you as a day trader - it means that you think there is momentum in the rally that will last for several days - or it means that you are betting on a change of sentiment happening overnight. The latter is a pointless exercise IMO, because there is absolutely no way of knowing what is going to happen. The former has some probability to back you up, and it forms the basis for my system.
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Not applicable
Found a full time job.
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Not applicable
So ya doing position trading now.
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HateGauteng
Super Contributor
Oh Boy! Still trading fulltime. Will need to do the sums sometime but not good.
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HateGauteng
Super Contributor
Dollar strenghtening might do it.
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