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Out +4 ticks. Done for the day.

Short 73.25 stop 4 ticks.

Out -2 ticks.

Short 72 stop 4 ticks.

Out + 2 ticks.

Short 59 stop 4 ticks.

55's :)

Lower highs... Next stop 55-56 imo.

You have a valid point... I rarely see some of these guys post their stops... Question is what would he have done if the market hasn't bounced this morning. Does he have the discipline to take a sizable loss on a larger position due to avg down? Only he can answer that...

Not trading ES for the rest of today but establishing short positions for a longer term swing trade in my other accounts.

I'm leaning towards selloff... I think most shorts got stopped out and longs backed up the truck... natural path of least resistance is down.

Dude we may be ripping now but to put things in perspective, you're only up about a point on this trade as of now... Meaning you took on a lot of risk when you averaged down only to break even. Keep it up and sooner or later you'll blow up your account.

Trading plan sounds pretty reasonable but the winning % needs to be higher in order to be able to come out positive. I would cut down on the number of trades per day. Stick to the best setups only. Best of luck with the new combine!

One thing I noticed today is that the BTFD crowd is kinda quiet :).

I had a bid at 45.25 premarket... trades were going off at that price but never traded through so no fill. Proceeded to bounce 4 pts shortly after :(.

Thanks Handle. I know too well how easy is to give back profits, been there, done that :). The idea is to book reasonable gains on most days and lose small when not in sync with the market. Those gains (even the small ones) do add up over time.

Booking 4.75 pts and calling it a day.

Covered 47.50 for +2.75 pts.

Short 50.25 stop 5 ticks.

So far I'm up 2 points on 7 trades after the 8:30 report.