Booyah!
Lock in a point at 93. Holding for 5615 if I can get it. Maybe trail it aggressively if 5600 fails.
Will probably trail tightly anyway as it's a Friday packed with football and I need to be ready to see Spain crush Germany. :)
If stopped B/E - might just take an early weekend.
Holding up fairly well here. 5620 is the number I'm looking at if we do rally on the Open.
A flat NFP Open tends to rally, but one could argue we're a bit overextended here and already made new highs on the week, so not too confident. Maybe a retrace first.
I'm already long from 92. But will...
Don't watch YouTube.
Recognize the difference between averaging down and scaling into a position.
Generally, averaging down means you're wrong and you keep increasing your position and risk in order to get out at even or for a small profit. It usually don't end well. The problem with this is...
One could turn that logic around and say, "When I read comments like above I know it's time to be long." :)
I've heard bearish chatter since the market broke out last fall. Personally, it's only increased my confidence in pressing the long side.
ES Journal - 2023/2024
PS: Unlike...
Seems like you're doing well for yourself already, but for anyone else, you can actually build a trading model on buying the dip. Works great both in bull and bear markets.
Master the dip. How does it look? When does it come? How big is it? Start buying with small size and once in a while add...
Yes.
You do anything in crude oil these days? If I'm not mistaken, you were trading that one quite a bit back in the day and I know it was the most popular instrument among many day traders on ET during a period of very low volatility in indices.
These days low volatility in indices doesn't...
We need some good luck, too, @flash crash. Enough bad luck in this game. LOL. :)
Market's in a tricky spot now, IMO, and it's an early day. Personally, I wouldn't enter anything here unless I "had to". Probably no trading for me until Monday.
Tighten stop again to 68.50. I'm ready to take a quick exit here around 77-78 as I'm feeling uncertain about the day.
Maybe a 2nd long if we get a deep news dip, but ES is acting like it wants to pop.
LFG, bulls! :) I'm moving my stop to B/E at 62 as it's uncertain to me if we'll see a deeper pullback first. Best if we don't. :)
Looking for a re-entry long if stopped either in the same area or a bit lower.
Anyone feeling greedy today? I feel I should be happy with 75. I may be wrong and we...