How come you only made $528.50 if in your own words "you could have shorted it anytime during the day and just hold"?
Complacency in trading.
- Thread starter Laissez Faire
- Start date
How come you only made $528.50 if in your own words "you could have shorted it anytime during the day and just hold"?
scalping es is one of my strategy and shorted es all day today...i don't "buy and hold" es if that's what you asking. how about you? did you trade any futes today? red or green for you today? i also got earning plays...4 out of the 5 on my earning list pops after earning: cmg, msft, goog, and v. only txn drops
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Hello Tradess0610,Love this
Thanks, nothing else to do
What I meant is that you made it sound easy and as such I would have expected that you made more than 500 bucks.
Red day for me. Long off the Open which I scratched at B/E on no follow through. In hindsight, that 09:50 reversal bar was a big clue, but I had potential support below so didn't have the guts or conviction to short it just yet.
Went short at 4128 at 10:35 - just near a swing low. Had the chance to scratch it, but decided to give it some room to breathe as I felt confident we'd see at least 4120 today. Stopped out at 34, reversed long misreading the retracement and the market reversed lower again 2.25 points higher stopping me out for another loss.
At that point I wasn't interested in chasing the short side any longer and took a break. Took a final loss trying to pick a bottom around 4100 anticipating a retracement higher off the lows.
So, the market made a fool of me today. Or rather, I made a fool of myself.
Trend days down on ES closing at the very low are fairly rare. I count only three prior this year over 77 trading days.
The prior one being the 9th of March - seeing continuation lower the next day. Generally, I'd say the odds of new lows tomorrow are very high, but it may not be another trend day. Maybe a range bound day.
Hello vincentnyc,
Please stop saying "sorry but no offense". You are not offending.
We just bullshitting talking and messing ass around.
Thank you,
What I meant is that you made it sound easy and as such I would have expected that you made more than 500 bucks.
Red day for me. Long off the Open which I scratched at B/E on no follow through. In hindsight, that 09:50 reversal bar was a big clue, but I had potential support below so didn't have the guts or conviction to short it just yet.
Went short at 4128 at 10:35 - just near a swing low. Had the chance to scratch it, but decided to give it some room to breathe as I felt confident we'd see at least 4120 today. Stopped out at 34, reversed long misreading the retracement and the market reversed lower again 2.25 points higher stopping me out for another loss.
At that point I wasn't interested in chasing the short side any longer and took a break. Took a final loss trying to pick a bottom around 4100 anticipating a retracement higher off the lows.
So, the market made a fool of me today. Or rather, I made a fool of myself.
Trend days down on ES closing at the very low are fairly rare. I count only three prior this year over 77 trading days.
The prior one being the 9th of March - seeing continuation lower the next day. Generally, I'd say the odds of new lows tomorrow are very high, but it may not be another trend day. Maybe a range bound day.
it's all good. based on my trading journals...i do pretty well on trend day on the spy...either uptrend of downtrend. for range bound day...its either hit or miss for me. we all trade differently...so what works well for me may not works well for you and vice versa.
I like wide range bound days or trend days up. The trend day down tends to be my achilles heel, so I need to master that one for sure.
Hello vincentnyc,
Yep, everyone is right, and noone is wrong after 3pm and looking left.
i used to logged in my all trades everyday on my trading journal and analyze it after the market is closed. I asked myself if I enter correctly and if I follow my plan. I did this for a whole entire year. Now I don’t do that much journal entries anymore cause I know what I did right or wrong by end of the day. That’s what make the 90% unprofitable and the other 10% profitable in trading.