Papazen

Helpless Russia

240 5 0
Hi all! though I have long position, it seems neutral due to I have put-options on 145K which are doubled. Yep last three days I got some losses but it's ok. To tell the truth I can't understand russia's traders, they are so scary and almost all of them trying to earn on short position, forget that on long you will take more. abt             my further actions I will close all long position in FRTS by 135K, then wait. If the price will be here on June 17th I will happy, someone will deliver the futures to me by 145K which means that I will earn almost half of deposit. So let's wait and see. I drew resistance/support lines, take a look on the chart.
Redline
3 years ago
I'm out of market (due to SL on 139700) and just watching the maket. My point of view that we have new down trend since 2013-05-22. Let's see :)
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Papazen Redline
3 years ago
as for me, to have new down trend we have to show new highs, though we are in that down trend which started in february, but it doesn't bother me, as I told I have put-options, yep I have made some mistakes, for example I should've been closed the positions on strikes - 145K, 140K, so I didn't but I'm learning how to trade. Btw in last year we started to go up on June 2d but we were much lower. I agreed with you - Let's see. :) Thx for your opinion.
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Papazen Redline
3 years ago
Btw, why u disagreed, the position is neutral, if I close futures by SL it will be short-looking, when I will add futures I'm going to post another chart. I'm not offended :)
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Papazen
3 years ago
So, my dear friends, I'm holding long position still :) no kidding. of course i'll close the position with loss but I have put-options too tht means tht finally I'm going to earn. My put-options are on 145K and 140K and I hope tht on June 17th RTSF will arnd 125K.
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Papazen
3 years ago
I started to use an insurance couple months ago, of course I've made some mistakes in using it, let see on it -
snapshot
when I bought RTS1! I started to cover it by put-options, I was buying 130K puts, then 135K, after then 140K and finally I got 145K puts, tht was good but I should've been set the SL under 145 000 and close my position in RTS1!, I didn't, then I had to close futures by 140 000, I didn't and again and again. at the 126 000 I bought call-options on 125K strike due to it I earned . The conclusion is if u insured the position u should set SL under tht strike on which u insured.
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