ES Journal - 2013

Quote from Laissez Faire:

Yeah. One mini flash crash could and probably did wipe out a lot of profits for people using wide stops. One abnormal events is all it takes and they seem to happen quite often these days.
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what if you are a short-only trader ? anyway does stops work in such days ?
 
Quote from Laissez Faire:

Thanks!

I'm most likely getting into the oil industry which will really open some exciting doors. I don't think I'm interested in trading for a firm. I'll rather trade my own account on the side. I like learning new things and I'm kind of tired of trading. At least right now. Proprietary trading is virtually non-existent in Norway anyway, but never say never...:p

I think TST is a good opportunity, especially now that they reduced their requirements significantly.
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tst the odds are against you as the hft's are picking off the scalpers,gives tst top odds of keeping your dough, read up on this journal before trying it...http://www.elitetrader.com/vb/showthread.php?s=&threadid=127338&perpage=6&pagenumber=2 works best with an empty head,one of the luxuries of youth,as time goes by you accumulate a lot of useless junk in the attic
 
Quote from Surprise:

what if you are a short-only trader ? anyway does stops work in such days ?
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If you are a short-only trader, you may get lucky, but price shocks can swing both ways, so a short-only trader can get smoked as well.

There have been quite a few very violent upward surges during the last years.

Stops are are always triggered, but where they execute is a different story. Liquidity tends to dry up during fast price movement and especially during the overnight session when the mini flash crash occurred. Probably not that big of a problem during RTH as liquidity normally is very good, but it depends again on the size you're swinging.
 
Quote from ammo:

tst the odds are against you as the hft's are picking off the scalpers,gives tst top odds of keeping your dough, read up on this journal before trying it...http://www.elitetrader.com/vb/showthread.php?s=&threadid=127338&perpage=6&pagenumber=2 works best with an empty head,one of the luxuries of youth,as time goes by you accumulate a lot of useless junk in the attic
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Is it a market profile journal?

I don't really see myself competing with HFT. We're in different market segments. I go for at least 2,5 point targets. If I can average 3 points per day, I'm very happy.

On my last Combine, I was up around $6K at day 6, but the pressure to complete it within the deferred timeline was the main reason why I failed. With up to 30 trading days to hit a $10K target, it should be quite realistic to achieve it, IMO.
 
Quote from Laissez Faire:

If you are a short-only trader, you may get lucky, but price shocks can swing both ways, so a short-only trader can get smoked as well.

There have been quite a few very violent upward surges during the last years.

Stops are are always triggered, but where they execute is a different story. Liquidity tends to drie up during fast price movement and especially during the overnight session when the mini flash crash occurred. Probably not that big of a problem during RTH, but it depends again on the size you're swinging.
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yes i know , but it is less disastrous than if you are on the long side ...
 
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