ES Journal - 2012

[gmst]

Quote from Pekelo:

Well, don't listen to people while trading.

haha. I think it is fair advice. Pls don't feel bad, I just need to improve on this aspect - "once I have a good entry for possibly a 10-20 point swing trade, I should go for the big moves and shouldn't try to play the fluctuations." I had a similar mistake 3 weeks ago also - need to learn the lessons.

 

[Laissez Faire]

Quote from gmst:

"once I have a good entry for possibly a 10-20 point swing trade, I should go for the big moves and shouldn't try to play the fluctuations." I had a similar mistake 3 weeks ago also - need to learn the lessons.

Your entry today was bloody brilliant, but I think you`re conflicted between day trading and swing trading. Ideally, you would have a separate account where you could breakeven your good entries and try to hold them for large targets, while taking daytrades with another account if you still desire.

Gap fill and a 16,50 point move without any solid retrace was a good exit signal for a day trade.

Essentially I suffer from the same thing myself, as I hate to take small profits and try to swing for the fences a little too often. Most days are not like that, as I have learned. And just like small stops add up, small profits also add up.

Consistency is the name of the game (repeating for the benefit of my own learning).

 

[Laissez Faire]

Pekelo,

You earlier had a good call about holiday weeks generally being bullish (paraphrasing you here).

This seems consistent with my observations as well, but I did not check the numbers yet. Have you run statistics on this or is it merely an observation?

Thanks.

 

[ammo]

Quote from gmst:

haha. "once I have a good entry for possibly a 10-20 point swing trade, I should go for the big moves

these only happen a few times a month and you are usually underwater for a long duration waiting for it

 

[ammo]

inverse hns(2) 5090-5100 nip trans needs to hold for the bears

 

[gmst]

Quote from Laissez Faire:

Your entry today was bloody brilliant, but I think you`re conflicted between day trading and swing trading. Ideally, you would have a separate account where you could breakeven your good entries and try to hold them for large targets, while taking daytrades with another account if you still desire.

Gap fill and a 16,50 point move without any solid retrace was a good exit signal for a day trade.

Essentially I suffer from the same thing myself, as I hate to take small profits and try to swing for the fences a little too often. Most days are not like that, as I have learned. And just like small stops add up, small profits also add up.

Consistency is the name of the game (repeating for the benefit of my own learning).

Yes, i guess you nailed it.

 

[gmst]

short 1403.5.

 

[ammo]

avg sh 99.9, reduce 04..flat 6.5

 

[Laissez Faire]

25 point RTH range and prior day high here. Should not go much higher, but 1411 is just above. :eek:

 

[ammo]

res or higher?