ES Journal - 2012

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Quote from JoshDance:

closed remaining 2/3 at 63.50

looking to re-enter at 61.50
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For anyone watching and wanting to learn from this mistake, it's clear, and I knew it very soon after making it but did not follow through.

I had no good reason to close--yes I expected a retrace, but I got fearful that I would lose the profit, and closed for +3 points, and then got greedy wanting a retrace to 61.50. I had no really good price-based reason to do this, and my target of 66.50 would be within sight right now. Instead, I had a BE short and am not participating in the bullish move because I wanted to nickle and dime it too much. I should still be long 2 units with a 60.50 basis. Fear, then greed--very classic mistake. Hope you can learn from it and not do what I did here.
 
Quote from Macho:

Thanks, LF. Yes, still trading 6E.'ZB stop' has been my strategy for the last few months. I am very comfortable with it.

Hope your trading is going well. Don't see your comments too often these days.
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Very interesting. Might have to start looking at ZB myself then. Please share more, unless it`s top secret. :)

And thanks. I have not been trading much at all on this side of the year, but I expect that to change once I stop living out of this suitcase. :p
 
Quote from Laissez Faire:

Sold 1364. Stop @ 1365,50.

Top picking mode. Not extremely confident, but the R/R should justify another shot if this one fails. :)
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Leaving the stop where it is and leaving on a date (will check quotes on my cellphone though).

Considered scratching it now since it looks like it may get hit, but I`m comfortable assuming such a small risk in the event that I get lucky. :D
 
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