Where do you even get 3423 support when the low earlier was BELOW that At 3417 at 11:02 am?
Your system should have stopped you in short EARLIER, when the price was LOWER than 3423.
What month were you trading, ok never mind I see it’s June.
The charts I posted are from Barchart, CST time. One hours behind from new york time.
At 11:17 am You posted that your system was going to go short at 3423 stop…….it was already BELOW THAT And had been below that earlier in the morning.
Your next post at 11:25 am told us that your system had just stopped you in at 3423 when the price had dropped below 3410 at the time.
This would have been a wonderful trade, Mike but like most of them, you are in the money or took your profits when you first tell us about it.
Everybody is the worlds greatest trader when they get to do this.
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Let‘s ask you a serious question(s)
Why did you first post today that your system was going to stop you in at 3423 when the price was already below, that?
Why was this support when the low was 3417 from 15 minutes earlier, at 11:02am?
it also traded down to 3420 just before 9am?
Give me a reasonable answer or anything that makes sense and I’ll give you the benefit of the doubt.
thanks
I posted the June gold chart with the price action and times. Clear as day
OK, thanks!
I gave you the chance to respond, one additional time to be fair, Mike!
The charts and posting times all prove this to be more AFTER THE FACT posting from the self ordained world's greatest trader.
Gold Swing Trade
Started by mikempt - April 22, 2025, 12:17 p.m.
https://www.marketforum.com/forum/topic/111410/
Seriously, nobody has to post trades here and everybody is welcome to do it and we're extremely grateful for any contributions, big or small. Non trading and trading.
That includes yours too Mike.
My favorite posts here are those that disagree with me.
And being honest is NOT a requirement here. I will often let being dishonest slide most of the time, trying to correct the dishonest information, while turning it into an educational/learning experience for me and for readers.
However, MarketForum needs to represent authentic, honest trading that is based on solid principles for successful trading and you just got carried away and pushed your after the fact trading too far, Mike. And constant violations of your own systems with no explanations. And no risk management other than you get out when you feel like it with no stops and no price objectives.
Non traders might accept that but professional traders know thats a disastrous trading plan with no discipline.
We can all be the Worlds greatest trader when we post after the fact.
You brought this on yourself.
This was a very honest trading post by you Mike (some are) and we all learned some things from it (including me on reviewing options) and are very appreciative!
SPY Options
Started by mikempt - April 15, 2025, 9:47 a.m.
https://www.marketforum.com/forum/topic/111193/
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tjc is probably our most prolific trading poster, beside you and I've never had to scrutinize or question 1 iota of what he says he's going to do and what he did. His trading always lines up with his set ups and explanations before, during and after the trades.
I'm not just picking on you, either Mike. I really do like you and your flamboyant personality.
People can decide how, when and where they communicate trades here or not do it at all. However, I already detailed my beef with how you do it. Not alot to ask for a person to just be honest about trading(most of the time) at a trading forum with a moderator that traded for a living for over 2 decades.
FYI bot May 16 ugl 150 put at 11:05est at 7.5 Not liquid last trade 8.10 Closing range 870 bid, 1005 mark, 11.40 ask. Will OPEN significantly higher