Archive for July 21st, 2008

Tricked into a short by the Dow Jones

Tricked into a short by the Dow Jones

I went short on the break of the support line today at 11430. I was so sure that we would see a huge move that I went in 3x normal size. The market moved 10 points my way and then reversed tricking myself (and I'm sure a lot of other shorters), taking me out at 11455 for the equivalent of -25 x 3 = -75! Ouch! The moral of the story is to always bet the same size for each trade.. afterall, you just never know what will happen as we see today. The markets are notorious for doing this sort of th

July 21, 2008 1 Comment Full Story