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9/11/03 ES DEC03 Bias: down Position: open from 1018 on 9/11/03 P/L: -7.25 (990-1008, 1018-1010, 1018-) Sell and hold P/L: -25.75 (990-1015.25) ZF DEC03 Bias: up Position: none P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160) Buy and hold P/L: +1 13/32...

Switched to ES DEC03. sell @ 1018 today

9/11/03 N = 9 X = $299 Sum(P) = $2 Stock market to the middle class is lottery to the underclass.

Went to the friendly corner store at lunch time and bought a ticket.

9/10/03 ES SEP03 Bias: down Position: none P/L: -10 (990-1008, 1018-1010) Sell and hold P/L: -23.75 (990-1013.75) ZF DEC03 Bias: up Position: none P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160) Buy and hold P/L: +1 24/32 (109'260-111'180)

ES SEP03: buy @ 1010

9/10/03 N = 8 X = $264 Sum(P) = $6 Stock market to the middle class is lottery to the underclass.

Found 3 lottery tickets under the bed this morning. In the afternoon went to the corner store and bought another one. Put all in the drawer.

9/9/03 N = 4 X = $173 Sum(P) = $19 Stock market to the middle class is lottery to the underclass.

A comparison of the two experiments follows: I trade 1 ES Vechicle: futures Leverage: high Trade: in and out Bias: up and down Stops: yes Indicators: MACD, CCI perpetual lottery tickets drawer Vechicle: penny stocks Leverage: none Trade: buy and hold Bias: up and up Stops: no...

Stock market to the middle class is lottery to the underclass. Background This is the sister thread to "I trade 1 ES". Objective Buy and hold lottery tickets (penny stocks) until target is reached or all tickets expire. System Buy and buy more. Bias is up and up more. No indictors...

Momemtum is clearing losing on this thread. It seems more and more a waste of time posting on days when no trade is made, which happen to be most of the days. From now on, update will be posted only when trades are made. An idea was refined into a strategy during the last few days. Another...

YG: missed trades costing more than bad trades QM: missed trades costing more than bad trades ZF: missed trades costing more than bad trades ES: next? Buy/sell and hold seems more attractive by the day

Overnight ES SEP03 (1028.75-1034.75) ZF DEC03 (110'160-110'225) YG DEC03 (376.7-379.9) QM SEP03 ()

9/8/03 Day 15 ES SEP03 Bias: down Position: open from 1018 on 9/2/03 P/L: -30.5 (990-1008, 1018) Sell and hold P/L: -40.5 (990-1030.5) ZF DEC03 Bias: up Position: none P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160) Buy and hold P/L: +23/32 (109'260-110'170) YG...

Internet access was available for only 5% of the time today. It's impossible to trade under these conditions. ES (1017.75-1029.75) no trade ZT (109'240-111'000) no trade YG (372.5-381.5) no trade QM (28.625-29.075) no trade

Overnight ES SEP03 (1021.25-1024.75) ZF DEC03 (110'220-110'290) YG DEC03 (377.5-378.3) QM SEP03 ()

You are right, it does appear that way. This new approach may very well turn out to be a failure, but this experiment will not. If I am convinced the new approach is not worth pursuing, there's always the old approach. For the last three weeks, my accounts gained despite of the loss from 1...

When there's a buyer, there's also a seller. So the good news is at any time, there are 50% market participants who are as clueless as the market direction as I am. :p Seriously, I don't worry too much about the bias. I don't pretend I am or try to be right 100% of the time. For example, 3...