ES Journal - 2012
- Thread starter Buy1Sell2
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Quote from keeptradin':
Covered ES Short at 87.00 B/E
Today is a day when all shorts will be punished.
Guess I shoulda (woulda, coulda) held a few minutes longer, ES made my target of 85 after all. Looks like cash close is the magic time.
At least it only cost me four bucks to play. Easy come, easy go.
THank you, Magna for moderating these Journals. Will have to disagree with you, however, on the point you made regarding the stops used by some traders not being in the spirit of this Journal. But that's OK. No need to agree on everything, as long as we are polite about it.
I get annoyed at personal attacks -- calling someone "stupid" or calling their trading method "bullshit" -- what is the point in that. This is not constructive criticism, and it accomplishes nothing other than to irritate. Ammo and Volente are both fine traders, I often follow their trades in this Journal. I learned things of value from both of them. In fact this, and Volente's Chit Chat Journal, are two of a very few threads on ET worth following. These guys ought to get paid for there contributions to ET!
Oh, and think about this. Considering Volente's trading style, would it make any sense for him to use rigid unmovable stops? Of course, just to please those who are brainwashed by common wisdom, he could choose a stop so far away it could never get hit and just stick with it. But that would be pointless. He has stops, and he has uncle points, but his trading style of averaging in, and the way he chooses to defend when the market moves against him, require that his stops be somewhat flexible. This is a legitimate trading style.
For those of you trading index futures short-term, I would love to know what your win% is on average (what it fluctuates between over any x number of trades (I use 20). Also, would love to know what win:loss ratio you're achieving on average again (maybe it fluctuates as mine does.
I posted pictures of my results on the short term TF & ES thread I started.
I average %win of 58% (20 trade average ranges from worst of 30% to best of 85%)
My win:loss ratio is a total average of 1.6 (20 trade average ranges from worst of 0.7 to best of 3.2)
Total averages are for the 303 trades I've made for the year.
I'm curious as to how this compares to other successful traders.
I posted pictures of my results on the short term TF & ES thread I started.
I average %win of 58% (20 trade average ranges from worst of 30% to best of 85%)
My win:loss ratio is a total average of 1.6 (20 trade average ranges from worst of 0.7 to best of 3.2)
Total averages are for the 303 trades I've made for the year.
I'm curious as to how this compares to other successful traders.
reduce 80, avg 80.25
this proves that trading without fixed stops does work for some. that's why i hate it when people say you have to trade with stops.
what do you do when the price moves 15-20 points on you in a matter of seconds due to a fed surprise or news release?......
...you should at least have something in the market to get you out in the worst case scenario and just move it backwards from your entry during the trade....
Ask yourself this: will trading SPY blowup your account? I think not. So will ES blowup your account? Also not. They are one and the same, with the proper leverage. A 20 points move is nothing.
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