ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
- Status
best to put vinc on ignore. he probably had a bad day/week/month/year trading and has no other way of venting his frustrations other then chiming in here and there.
if he had the guts, he would post something useful but i highly doubt that will happen.
looking at S/R 60 min, 87-90 critical level
Hehe, people got so upset about a valid criticism. (last time I did that, a moderator actually contacted me) So far 4 posters expressed their displeasure, although they were not able to DEFFEND the Journal. Crying about criticism is good, arguments are better. 
Well, you have to take it into account that this is one of the continuously updated longest running threads on the internet that doesn't involve politics, religion or Star Wars discussions....
But otherwise I mostly agree with you. Here are the strength of the Journal:
1. People actually explaining why they think this or that will happen. Oh yes, and they have to be correct most of the time, goes without saying.
2. Trades posted with longer timeframe (not scalping) with very little averaging down. They can be losers, but they have to be consistent losers. Consistency is the key.
3. Entertainment and camaradiere...
4. You can use the Ignore feature, very useful.
5. Once you learn the posters, you can actually make money by following the winners or fading the losers.
6. Occasionally someone posts a winning strategy. Also you can learn about money management from others' mistakes.
The weaknesses of the Journal:
1. Posting trades that are:
a/ inconsistent in the profit department (you can fade a consistent loser)
b/ scalping trades (too quick and too many, no point in posting them)
c/ without target or stop loss
2. Offtopic posts.
3. The inability to take valid criticism...
I am sure there are more, but it is early in the morning. As a general advice, just use the Ignore feature freely, and you will be a happy camper.
As for money making, emg used to be a goldmine, but he posts now in the Chit chat section...B1S2's entries are good to, but you have to manage his trades...
Well, you have to take it into account that this is one of the continuously updated longest running threads on the internet that doesn't involve politics, religion or Star Wars discussions....
But otherwise I mostly agree with you. Here are the strength of the Journal:
1. People actually explaining why they think this or that will happen. Oh yes, and they have to be correct most of the time, goes without saying.
2. Trades posted with longer timeframe (not scalping) with very little averaging down. They can be losers, but they have to be consistent losers. Consistency is the key.
3. Entertainment and camaradiere...
4. You can use the Ignore feature, very useful.
5. Once you learn the posters, you can actually make money by following the winners or fading the losers.
6. Occasionally someone posts a winning strategy. Also you can learn about money management from others' mistakes.
The weaknesses of the Journal:
1. Posting trades that are:
a/ inconsistent in the profit department (you can fade a consistent loser)
b/ scalping trades (too quick and too many, no point in posting them)
c/ without target or stop loss
2. Offtopic posts.
3. The inability to take valid criticism...
I am sure there are more, but it is early in the morning. As a general advice, just use the Ignore feature freely, and you will be a happy camper.
As for money making, emg used to be a goldmine, but he posts now in the Chit chat section...B1S2's entries are good to, but you have to manage his trades...
fry day....fryyyyyyyyyyy day......fryyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy dayyyyyyyyyyyyyyyyyyyyyyyy.
the ? is which way will they decide to fryyyyyyyyyyyyyyyyyyyyyyyy the fish
the ? is which way will they decide to fryyyyyyyyyyyyyyyyyyyyyyyy the fish
Interesting trendz being broken. Teetering.....
What are you talking about? He lobbed, we volleyed.
I doubt any of us were offended. Were you?
I like this thread for seeing how others approach the art of applying the check valve of brokerage activity between The Market and their account.
08-07-12 09:45 PM
08-07-12 07:56 AM
08-06-12 07:44 AM
08-03-12 07:41 AM
08-01-12 08:37 AM
07-31-12 08:24 AM
07-30-12 08:31 AM
07-27-12 09:11 AM
07-26-12 07:57 AM
07-25-12 08:14 AM
--Have buy stop in to enter at 1358.00 with 2. If hit, I will enter and post protective sell stop.
-- If tagged today, then initial stop will be 1317.50
--Trade was stopped in long. Initial protective sell stop is 1317.50 and I will reverse and be short when stopped.
--Protective/reverse sell stop raised to 1325.50
--No change today (Tues 7/31/2012)
--No change today (Wed 7/31/2012)
--No change today (Fri 8/03/2012)
--Stop remains the same today (Mon 8/06/2012)
--Stop moved to 1348.75. Will reverse there as well. (Tues 08/07/2012)
--Stop moved to 1358.50 (Tues 08/07/2012)
--Stop remains the same today (Fri 08/10/2012)
08-07-12 07:56 AM
08-06-12 07:44 AM
08-03-12 07:41 AM
08-01-12 08:37 AM
07-31-12 08:24 AM
07-30-12 08:31 AM
07-27-12 09:11 AM
07-26-12 07:57 AM
07-25-12 08:14 AM
--Have buy stop in to enter at 1358.00 with 2. If hit, I will enter and post protective sell stop.
-- If tagged today, then initial stop will be 1317.50
--Trade was stopped in long. Initial protective sell stop is 1317.50 and I will reverse and be short when stopped.
--Protective/reverse sell stop raised to 1325.50
--No change today (Tues 7/31/2012)
--No change today (Wed 7/31/2012)
--No change today (Fri 8/03/2012)
--Stop remains the same today (Mon 8/06/2012)
--Stop moved to 1348.75. Will reverse there as well. (Tues 08/07/2012)
--Stop moved to 1358.50 (Tues 08/07/2012)
--Stop remains the same today (Fri 08/10/2012)
- Status