Friday, October 28, 2011

Citigroup Inc. (C) trading plan


Citigroup Inc. (C) trading plan ;
1) Clean break out
2) Clean stop loss level

7 comments:

Anonymous said...

Moise, I believe we all had good month

I have a question, after we buy and we set x price as stop loss.

Above x price, we will have green, red, green, green and red days, etc.,

Do you care these red and green days or you only care about x stop loss we set?

Thanks in advance

Yan said...

Hello,

If I am not wrong, Moise said this before, he moves his stop losses periodically to protect profits. =)

Separately, Moise, i believe you know that the countless printing by the FED will eventually break this market. Any targets for the market top? or more specifically, when do you think you will start shorting and ride all the way down to SPX 666 (March 09 lows). Like you previously agreed, the 09 lows is not a true bottom, it's V-shaped.

It will be good to know your very long term picture!

Regards,

Eugene/Siyu

Anonymous said...

Thank you Eugene, reason I was asking....

I was trying to hedge (meaning 100% short / long ) and release it when I see green/red again. I noticed I miss quite a bit of move. Instead I could have set stop loss and stay with it. and let move play its course.

Moise Levi said...

Great point Yan, you are right :)

I actually see several "V" shapes, BUT, these V shapes will be in a higher lows, thus, bullish LT.

The Chinese will bail us out ....... they have no options.

In the end, they (Chinese) will end up paying a HUGE price .....

Felipe Lou said...

Nice push on Citigroup, and huge volume on the rise. it looks good to me even if it pulled back.

Regards Moise.

Anonymous said...

.. and that volume was selling

Anonymous said...

moise,
what is your holdings?