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It's true, it's no leverage. but as I said in earlier posts, I don't use hard stops. There are rare cases where I have to go through 5-6 % draw down with 1ES per 100K. can not increase leverage knowing that kind of dd is part of this game.

Thanks for the post. I do think position sizing is important in swing trading. 1 ES per 100K is not that conservative in my experience. If S&P drops 1% in a single day, 1 ES per 100K drops approximately 1% as well. That's a lot considering you only trade 7 or 8 times a year.

so market printed 2179 ovenight and undercut previous high(2184). usually market revisit those undercut price during RTH, but it looks like it's not going to this time.

so where do I exit my long position? I need to watch closely how market behaves around ES 2213 and how market close today.

fake? at least I am posting my fake trades real time here. Where are yours?

You said I have a simulated account, and now you think I am arrogant? so fucking dumb, I don't even understand your pathetic tiny brain. Fucking, why do I even bother posting here?

are you fucking kidding me? Why do you always make it clear you are a pathetic loser? Just get lost.

** position update ** long one ES @ 2191 per 200K (half size position) a little earlier than normal but it's Friday. not the ideal price, but price action tells me it's about time. I will enter another half if market pulls back further next week.

7 or 8 trades a year 1, 2 losing and 6, 7 winning trades. +10% return / year That's my goal.

one good sign of opening action so far is that NQ is showing relative strength. NQ needs to catch up for spx uptrend to continue.

yesterday, ES dropped close to previous high(2184.25) 2185 area is one candidate to get long again though I would prefer 2175. let's see how today' market unfolds.

ES is higher, yet market looks like it can drop 10-20 points at any moment. NQ's ongoing weakness is rather surprising. It's hard for me to grasp Trump's presidency can cause this much NQ/YM divergence. Simple rotation from big tech to industrials? Repatriation of overseas money? Vengeful...

really? market that's all the pullback you've got? looks like I have to go back to "do nothing mode" Working hard in trading usually means do nothing ironically. took me almost 10 years to realize that.:D

At the top, NQ shows weakness without any news. not all the time, but most of the time. market is very sneaky especially at the major top. for me it's easier to spot bottom than top. today, we have a news that explains nq's weakness. so we are not topping yet.

NQ is showing relative weakness this morning vs. YM again. It may be due to net neutrality issue. Trump appointed net neutrality opponents to oversee FCC transition. It would worry me if this persists because NQ shows weakness first at the market top. but I believe this is not the sign that...

Will market be kind enough to give me another entry point to profit from? so far, market looks very healthy. I may enter long again.

Let's revisit possible market moving events. 1. Italian referendum(Dec 4th): this could reintroduce EU into center of market's attention 2. Michael Slager trial(cop who shot fleeing black man): usually market doesn't care about riot. but if he is acquitted, things could get real ugly. 3. Fed...

don't get me wrong. this trend is not done yet. I am exiting only because this position is my second shot riding this trend. My first position was exited due to election night market's curve ball. If I were able to hold onto my original position from ES 2084, then I would definitely hold it...

** position update ** sold one ES @ 2184 per 100K Realized P&L= + $1100 / 100K (+1.1%)

It's not necessarily about tomorrow's action but more about is today a top or not. If there are big money players who want to exit at this price point, they will sell heavily before the close. when they exit, they don't come back next week or next month. and that sets the new downward market...