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  1. J

    Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique

    Phrased my question wrong as I know the above risk information. I meant would you mind if I posted...which you don't.
  2. J

    Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique

    true, just think 10pts is noise and 50pts gets you out of the noise. perhaps i will trade it with you using 50 (if thats cool w/ you).
  3. J

    Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique

    agreed, I would think about using at least 50 on the YM, still 40 trades if you got stopped out on each one.
  4. J

    ES Journal Archive (2006 - 2008)

    Long 1375.75. I'm seeing a bottoming out of RSI on the 15 & 30min charts. Initial stop at 1363, but will stop out myself if RSI heads lower
  5. J

    Trader P/L 2008

    I slept most of the day with stomach issues fortunately feeling much better now. no trades today. I have an order outstanding to sell my 1 long at 1406 but I might sell a covered call into the weekend if we dont print there. We'll see tomorrow.
  6. J

    ES Journal Archive (2006 - 2008)

  7. J

    ES Journal Archive (2006 - 2008)

    gwac, curious as to why you think the daily chart is still bullish? I'm not asking in hindsight, as I was out of the office today starting around 1pm EST right before the waterfall down today. The only thing I saw was support at 1410 (previous resistance) that seemed to be holding. I...
  8. J

    Trader P/L 2008

    Can't figure out IB accting now as I bought back my last short at 1406.50 and went long at 1402.50 1 contract. My PNL should look like +900 realized and -450 unrealized but instead I get this? Screenshot was when I left for the day to take care of some business and I came back to see...
  9. J

    ES Journal Archive (2006 - 2008)

    Kudos as again you made some nice trades today. I think its most important to be comfortable in your system...so if your more comfortable buying options then by no means change. When I see your position, I immediately think I could replicate this position by selling options and let time...
  10. J

    ES Journal Archive (2006 - 2008)

    True, I'm not saying anywhere that selling options is better than buying options. If there was an edge, there would be arbs in there making sure that prices moved back to equilabrium. I was just saying I would prefer time decay to work for me not against me. When I buy options, its...
  11. J

    ES Journal Archive (2006 - 2008)

    I look forward to reading your new journal as well and hope to participate on some of my option trades (if selling is ok) I prefer to have time decay work for me, so I sell vs buy almost 10 to 1. This is an example of why I like selling options. Most of these trades have been put on when...
  12. J

    Trader P/L 2008

    With the IB accounting PNL today looks a little better than it should. Closed 1 contract out and have 1 remaining for closeout if we get some serious downside movement. (buy to cover is at 1401.50) Hopefully I can close this last contract out at a nice gain and then the numbers will jive...
  13. J

    Trader P/L 2008

    Happy with today. PNL looks worse than it should due to options expiration and the way IB accounts for it. Caught an ES 10pt short from the highs (1 contract) Still hold 2 contracts short.
  14. J

    ES Journal Archive (2006 - 2008)

    I have a biased opinion as my background is option selling... but I must ask. Are you expecting a big move one way or another on something specific? I just don't understand why you would let time decay work on your position like this, especially with less than 10 trading days left?
  15. J

    ES Journal Archive (2006 - 2008)

    for the integrity of the journal i was stopped out today.
  16. J

    ES Journal Archive (2006 - 2008)

    Well I ended up not closing out. I'm going to put a hard stop in on Monday at 1432. (you can see my screenshot in the PNL statement)
  17. J

    Trader P/L 2008

    Not sure why my screenshot didn't attach Anyways stayed short over the weekend couldn't pull the trigger at 1415 as my system said we were moving towards 1402 screenshot on monday might be a little messed up profit wise as I'm getting called away a 1400 straddle I wrote.
  18. J

    ES Journal Archive (2006 - 2008)

    i m starting to think should i even post anymore...people are probably going to accuse me...but still short on this trade. I was asleep at the time but if I had sen the high print I would have definitely added and not stopped myself out....anyways. Still no hard stop but will look to close...
  19. J

    ES Journal Archive (2006 - 2008)

    Short 1421.50 on weakness on the hourly charts only 1 contract and no hard stop with options expiration tomorrow. Will be watching 1430 to stop myself out if it gets there. Target is 1402
  20. J

    Trader P/L 2008

    No good signals today (YHOO put is for swing account) Did just go short ES at 1421.50 as can be seen by my screenshot, small size with options expiration tomorrow jag
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