Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
looking for a few short points on DayTrade2.
My reason for it is the rally paused and dropped to a level of "support" that I'm betting won't be the ultimate support before the rally can continue. I'm using the 5 day rolling volume ladder to id the target.
Can you help answer these questions from other members on NexusFi?
Ugh! DayTrade. Nothing I can do but let it breath. I have to step away for about an hour. This stop and target is the best I could come up with... other than just exit and go flat.... but that feels too much like giving up to me.
I flipped long on DayTrade2. I just don't see the market weakening.
That said, I'm still holding a real short position on a swing trade basis. Not looking good for that but I can't cover that on a rally... I have to wait for weakness no matter how many days it takes. Hate sitting on a loser but it's the only way to handle it.
Clearly I was early/wrong on this short. But rom this level I'm encouraged that there will be resistence going higher. No matter, the short stays until there's selling.
I lied. Taking another shot short.
Doesn't anybody want to sell? I'd take a part time job to make up for my loses but who will hire me when I have no head... it's been handed to me!
