jfk day, page-4

rivers,

Same thoughts as always:

Dont go too hard early, be content with a smaller profit and a smaller risk. It is usually better to wait until you see signs of rejection before you enter (and one of my constant failings is to go in without waiting long enough.)

Back your judgment, but have a limit, which should never be more than 2% of your capital under any circumstances. You can always re-enter higher, if you have lived to fight another day. If however you wipe yourself out, thats the game over and you dont get to play any more.

This is a v big play for me. I am looking for a big move, so I have crunch time in a zone where I will be certain my analyis is not going to work out.

I have a smallish position, I am under water, and I am waiting for price to punch back through the trigger line from above, then back test showing price rejection. That's when I pyramid. But I still think it will try to rush that green line above. I just dont think it can sustain the level above it.