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Undertrade is the only way to guarantee that you last longer than craziness. Overleverage kills. Greed kills.

I will trade an up bias when my indicators read up. This could happen at 1050 or 950, or any other number. I have no way of knowing at what level it would turn.

9/2/03 Day 11 ES Bias: down Position: open from 1018 on 9/2/03 P/L: -22.5 (990-1008, 1018) Sell and hold P/L: -32.5 (990-1022.5) ZF DEC03 Bias: up Position: open from 109'040 on 9/2/03 P/L: -10/32 (109'260-109'060, 109'040-109'160, 109'040) Buy and hold P/L: -24/32...

ES range 1004.5-1022.5, sell @ 1018 ZT range 108'270-109'205, stop @ 109'060, buy @ 109'040, sell @ 109'160, buy @ 109'040 YG range 372.5-382.5, no trade (entry not hit) QM range 29.3-31.5, no trade (missed 2 point drop, entry not hit)

Waiting for ISM index.

It's not like I am starting to trade these contracts now. I have been actively trading all of them and this is a step toward a more systematic approach. How to find whether a hypothesis is correct? Through experiments. Is there cost to running any experiments? Yes. What if I don't...

8/29/03 Day 10 (revised) ES Bias: down Position: none P/L: -18 points (990-1008) Sell and hold P/L: -18 points (990-1008) ZF DEC03 Bias: up Position: open from 109'260 on 8/29/03 P/L: 1/32 Buy and hold P/L: 1/32 YG DEC03 Bias: up Position: none P/L: 0 Buy and hold P/L: 0...

The experiment will continue in the big account, and its scope has expanded to include 1 ZF, 1 YG and 1 QM. Same idea with the following parameters: ES stop 18 target 9 ZF stop 20/32 target 10/32 YG stop 6 target 3 QM stop 1 target 0.5

8/29/03 Day 10 Bias: none Position: none P/L: -18 points (990-1008) Sell and hold P/L: -18 points (990-1008) No fear, no greed, lots of patience

10 point range (999-1009) for the day. Stopped @ 1008. ES jumped up and down in the last minutes (1005-1009) but closed at exactly 1008 as if planned. Everyone knows next week is when the real thing begins and I will start with no position.

Not much reaction to the data. Waiting for consumer sentiment and NAPM data.

4 point range (1000-1004) overnight. Waiting for personal income data.

8/28/03 Day 9 Bias: down Position: open from 990 on 8/15/03 P/L: -11 points Sell and hold P/L: -11 points No fear, no greed, lots of patience

14 point range (990-1004) for the day. No trade.

Not much reaction to the numbers. Another less important number Help index at 10:00.

3 point range (994-997) overnight. Waiting for GDP and jobless claims numbers.

8/27/03 Day 8 Bias: down Position: open from 990 on 8/15/03 P/L: -6 points Sell and hold P/L: -6 points No fear, no greed, lots of patience

5 point range (993-998). Flat market. No trade.

I am saying it because: 1) I don't want people to ask me for advice; and 2) I don't want to respond to "why you didn't do this or that". How I refer to myself has no effect on how I am doing things. You may be putting too much weight in it. I am new only when compared to you. I will always...

This is the cake of my plan. The rest is icing.