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Out of that last add at 1244

it could be to deflate all the option premium for the strikes that are +20/-20 points away from 1250

Thank you for the good wishes and your analysis.

I placed an order to add 1 more at 1239 since I think there is a good chance it gets hit today. Adds at 1215.5 will be reduced to 3 from 4. BE on current open position is at 1266.70 holding 6 longs.

Thanks for reminding me of all the hazards I'm about to face tomorrow. At 1195 which is where my stop at the moment, and with no further adds, I'll be down 21,450, or -17.16% without counting the gains from Friday to Sunday trade. A lot indeed for one trade idea. It's a bet I'm currently willing...

You see, I don't agree with that rule. I'm certain I'm not the only one. Do you know the reason why?

Well, you have to put everything in the proper context B1S2. Yes, at 12.6% loss, it would be a big one from a swing trading perspective since that trade was placed based on just one idea. However, with the market moving 20+ points a day these days, I don't see it that detrimental, specially when...

I understand that you're not trying to be sarcastic. I'm more bullish now than I was early in the week, lol. I stated my bias on Sunday night that I've turned bearish on the market. I admitted of making several mistake, including not reversing. I wasn't expecting the downtrend to be that...

Yes, it's been a rough day pokito! No bounce I can sink my teeth in, that's for sure. I would not be surprised if I go down 10-20% before it's said and done. I mean it's not out of the question. If we continue down to 1215, I'll be down close to 16k which would be 12.6% of account size. I need...

After looking at the momentum and the strength of this downdraft, it would not surprise me to see 1215 print sometime this week. Therefore, I'm changing several items in my trading plan. My exit target for tomorrow is 1259.75 for 1/2 the position. My adds will come in at 1215.5 for 4 more...

BE now at 1266.70 for 6 positions. Targeting 1266.5 for tomorrow to exit 2/3rds of the position. I'll try to pick up 4 more positions at 1227.75 Stop at 1219.5

Filled... BE at 1270.30 Holding 20% of full position now. Targeting 1270.25 for 3 positions, and 1282.5 for two. Adding 1 more at 1248.75.

I like this chart. I'm seeing lower highs on the pink line. Could it mean that the selling pressure is abating and the market is bottoming?

Ammo, I think the market is set to test the march lows in the next week or so. In the meantime, we could still tag 1285-1290 before then. Time will tell.

Targeting 1273.25 on two. Leaving the other two for 1285. Adding 1 more at 58.50

I would like to remind you that you have been stopped. You should've placed your stop outside the noise :D

Filled on the low tick!! BE now at 1273.24 with 4 positions. Current position size is 16% of full position.

Time stamp shows 9:45 EDT . What price was ES trading for that 1 minute bar? Mine shows the low on that bar of 1276. Price hit 1274.75 several times between 9:30 and 9:39 and not after. Therefore, my conclusion, is that this trade will be disregarded for journal integrity. Nice try B1S2 :p...

The market was at 1277 when you posted this. How did you get a 2.25 point discount??

Also that stop was to trail the 3 positions I exited yesterday at 1280, not the entire position.