Replies to post #40186 on The TradingEdge

[jxyzobrien]

still in value
the longer the market stays in the value area its preparing to
again rally. they may do a quick liquidation break down on random news but the trend is still up.

that ES 10am red 15 min candle is holding the move back but this is the 2nd attempt up so the market should go above it.

[d-k]

Thanks Farooq,

We are all fighting demons of our past. If not for past mistakes could have been a millionaire.

I first started investing in 1987 and lost 50% in 1987 crash and stayed away for a long time and then tiptoed back in. I got wiped out quite a bit again in 2000 crash because I had LT options and stupid stocks.

Again in 2007-08 crash. It was not as bad because I had large portion in cash.

Since than I have become more of a covered call weekly option trader. Try to keep 50% cash for opportunity.