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  1. J

    ES Journal - 2019/2020

    That is kind of the trader you want to be: making money whenever the market presented, Long or Short, Bull or Bear, doesn't matter, as a more powerful system is going to guide the trader through all the maze of ups and downs.
  2. J

    ES Journal - 2019/2020

    whoever made this call is a guru as he caught the bottom of this movement.
  3. J

    ES Journal - 2019/2020

    Bear market??? Don't know how people create their novel definition. Lets use SPY as a broad gauge to measure the market. The previous all time high was on Sept 20th 2018 reaching 293.94; now it is 293.14, but add the two dividends 1.43 in Dec 18 and 1.23 in March 19 (regardless of the dividend...
  4. J

    ES Journal - 2019/2020

    I notice that you often have very timely entry and have accurate reading of the price movements
  5. J

    ES Journal - 2019/2020

    Your entry was very timely
  6. J

    ES Journal - 2019/2020

    Certainly there are two kinds of traders: one trades the market with a flexible mind and take whatever opportunity the market offers; I recalled a great trader a few years back here and he made ton of money with very high win rate and he always had a mix of L and S everyday. On the other hand...
  7. J

    I'm out

    take a break, come back after a few months or a year, to see if you can look at the charts in a different way and come up with a different approach. Aim not to make money initially, but to understand the price movement mechanism and find a way to filter out the fake signals (market is just like...
  8. J

    Made a lot of progress, but feel like there's so much more to go...

    After you consistently making 1K /day, if you just 5X it and 5K/day is one million a year. Keep it consistent and you are all set. After that imagine you upgrade the size each year in the next 5 years. Key is consistency.
  9. J

    Made a lot of progress, but feel like there's so much more to go...

    For a lot of future indexes some days they just oscillate in range and there is no much movement; but stocks/options are a different story and you can always find something to trade; besides, a lot of stocks just follow their own movement path without being influenced by the general market...
  10. J

    Why isn't Jim Simons richer than Warren Buffett?

    The whole article stresses on how young Buffet started his investment, and suggested if he started interested in investment at 22 rather at 10 he would have 1.9 Billion rather than 81 billions. Then his conclusion is "Start investing as young as you can". Then the Amazon story just negated his...
  11. J

    For profitable traders only...how much is your strategy worth?

    If someone has 4-5 billions, why bother to trade? Put into SPY, collect 2% yearly and that is about 100 millions WITHOUT doing anything and basically risk free; even if SPY drops by 50% you still have 50 millions yearly, and the capital could increase in time in long term.. Or they will put some...
  12. J

    Attention....Could I have your attention please!

    There are about 3 drops during these 25 years that probably are corresponding to the bear markets, then the strategy could probably be like this: Short sell (Entry) at the close and cover (Exit) next day when open, essentially the article suggested the market worked magic during the night, and...
  13. J

    heart palpitations on waking up at 3am in the morning rooted in fear

    1) Trade option, then you can set your risk limit, 2) trade Future Index, so you can intervene anytime 3) Day trade only, no position overnight, then you will miss O/N profits but avoid O/N loss.
  14. J

    Late to the game

    It all depends on how talented or how lucky you are, a few millions, can be profited or lost in a matter of a few months or even weeks, day trade or swing trade.
  15. J

    Facebook Breaking Out of Price Channel

    Facebook (FB) Raises Buyback Plan by $9 Billion. (December 10, 2018 ) Short is running to cover.
  16. J

    When to start trading real money

    Well, I saw many cases at ET that people doubled or tripled their money within a short period of time, a couple weeks to a couple months, only to gave all of profits back and more. However, I would consider it a real or reliable edge or talent in the case of Optionsinvestor who turned $2000 into...
  17. J

    Trading for a living....full time....only income

    Larry Page, Serge Brin, Bill Gates, Bezos, mark zuckerberg, Elon Musk, these are not employees but employers, and basically they have the freedom and intellectual power to do almost anything they desire or choose to do with their life and time. None of the traders ever reach their levels of...
  18. J

    Do you know, who you are trading against?

    It is all in the charts. Big guys can switch their position momentarily and big guys fight with each other or collude with each other all the time, on and off. You would be wasting your time try to figure out that constantly. But in a simple way, if you are long, you fight with the short/the...
  19. J

    how to utilize my capital

    I guess what he meant was like this: SPY price traded around $270.60 then if you buy one contract of option on SPY (controlling 100 share) at $269 (in the money) for Nov 2nd (short term play), then it only costs you $350, and that is the max risk if you lose it all in that trade. So he felt he...
  20. J

    How was trading 100 years ago?

    No body can tell you in person. I bet.
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