[emg]

Originally Posted by MightyMouse »

So, for simplicity's sake, if you short 1 at 70.25 and it reaches 74.25, and you short 1 more, you have an avg price of 72.25 on 2 contracts. Do you, now, target, getting out at 71.25 to make a point on 2 contracts? Even if this isn't exactly how you do it?

yes sir!. becauuse the odd of hitting my old profit target at 1169.25 is slim vs 1171.25. And when the fund exit their positions, the market may not drop passed the 50% retracement level. therefore, the 1171.25 is in within the 50% retracement

[emg]

Originally Posted by emg »

yes sir!. becauuse the odd of hitting my old profit target at 1169.25 is slim vs 1171.25. And when the fund exit their positions, the market may not drop passed the 50% retracement level. therefore, the 1171.25 is in within the 50% retracement

that is the reason why i do not place my stop because the funds manager needs to exit their positions.

[MightyMouse]

Originally Posted by emg »

yes sir!. becauuse the odd of hitting my old profit target at 1169.25 is slim vs 1171.25. And when the fund exit their positions, the market may not drop passed the 50% retracement level. therefore, the 1171.25 is in within the 50% retracement

Do you always start with 1 contract?

[emg]

Good Morning Traders! Plan on going short at 1171.50

[emg]

Originally Posted by emg »

Good Morning Traders! Plan on going short at 1171.50

Moving my order to 1171.75

[emg]

Originally Posted by emg »

Moving my order to 1171.75

Filled at 1171.75 on 1 contract. looking for 1point profit.

[emg]

[QUOTE=emg;93181]Filled at 1171.75 on 1 contract. looking for 1point profit.

Im out 1 point profit

[emg]

Originally Posted by MightyMouse »

Do you always start with 1 contract?

yes sir. i start with 1 contract