[james_gsx]

I know I did

I bought puts, instead of trading the ES. I know, not exactly TL friendly but whatever. I bought July $132 puts at $2.32, now they are trading near $4. Not as big of a gain had I shorted 1 ES contract, but had this trade turned against me it would have been bad.

[atto]

I was able to catch this too shorting the futures. For these kinds of trades, I use my "high volitility - higher risk" risk rules; lower position size, and aggressive chasing stops. Luckily, I got in at 1334 and had absolutely no heat. I got out at 1324 nearing support from earlier in the day and as intense selling pressure started to die.

Managing risk and the trade is important for these kinds of trades, as you mentioned, because when they go against you, it can be brutal.

[brownsfan019]

That was a nice trade James. I had some resistance marked there so I also took the short you highlighted.

[ammo]

i bought the 130,131 put sprd up there and reversed out of it this morning shorting the 133,131 put sprd and covered on close for a loss,brilliant,i was hoping for an oversold reversal and it never happened

[Mr_black]

Who Caught This the day before Yesterday?

[brownsfan019]

Originally Posted by Mr_black »

Who Caught This the day before Yesterday?

Seeing that this is the candlestick corner, candlestick charts might be step 1.

[atto]

Originally Posted by brownsfan019 »

Seeing that this is the candlestick corner, candlestick charts might be step 1.

I saw you make the same comment on ET when someone asked about a candlestick pattern (and you replied the same). Well played, good sir.

(Oh, he's just a Hershey trader, pay no attention )

[james_gsx]

Originally Posted by brownsfan019 »

Seeing that this is the candlestick corner, candlestick charts might be step 1.

Whata dick move