ES Journal - 2012

[ammo]

beware of a slam

 

[gmst]

Quote from gmst:

out of long at 1419.5

so, basically even for the day after one gain and one loss.

EDIT: Short 1418

out 1421
-3 points

now, long 1421....Good buying, will hold overnight

targetting 1426, 1428

 

[ammo]

right shoulder

 

[gmst]

Quote from gmst:

out 1421
-3 points

now, long 1421....Good buying, will hold overnight

targetting 1426, 1428

scratch the long out for -1...will go to bed flat. Tomorrow a new day

 

[Pekelo]

in fairness to b1s2 ... a hobby

Hey, I am Mr. Fairness. But hobby is a 4 letter word in trading. What drives me crazy that he lets a huge winner go bad. Holding for weeks for huge gains is good, overholding for huge gains and go into huge losses is inexcusable...

 

[gmst]

Quote from Pekelo:

in fairness to b1s2 ... a hobby

Hey, I am Mr. Fairness. But hobby is a 4 letter word in trading. What drives me crazy that he lets a huge winner go bad. Holding for weeks for huge gains is good, overholding for huge gains and go into huge losses is inexcusable...

I have never done any backtesting over monthly holds, but I can say with 90% confidence that not having a wide trailing stop while doing position trading as B1S2 does is a highly inefficient way to trade.

For intra-day trading, many a times, trailing stop does affect performance negatively. However, as one expand the horizon and moves towards position trading, a trailing stop (say placed under key levels) will definitely improve performance by a huge factor.

 

[ammo]

Quote from ammo:

add 22 5

14 bid if we get a dump ..didnt happen cxl

 

[gmst]

Quote from ammo:

14 bid if we get a dump ..didnt happen cxl

nice trading ammo.

 

[BSAM]

After today's outstanding price action, I wonder what tomorrow may bring.
Stay tuned.

 

[gmst]

Quote from BSAM:

After today's outstanding price action, I wonder what tomorrow may bring.
Stay tuned.

what if we get a straight day up ?!!?