ES Journal - 2013

You're right about almost everything, it's actually a little worse with some unposted trades, all real money. Sleepless nights and some vomit to prove it. It is not a life changing loss by any means but I don't like big negative equity swings at all. Larry made a great call. I am sticking with my positions for the time.


Quote from RichardRimes:

Not to pick on you...(but I am) you are a real piece of work. Since 7/3 assuming you are trading one contract you are down over 100pts while ES is up 60 (give or take)...thats sucky. I can only conclude you are paper trading so you don't really give a shit. This thread really has gone to the dogs. I know there are some real trades and traders out there but it just gets swamped with blatent bogus trades and traders who never hold themselves accountable.:mad:

How am I doing??? Barely treading water... but staying within my margin and knowing my account is going to be positive at the end of the month because I'm not completely mindless.

I think Larry made the best prognostication when he said if we broke thru 30 we would most likely see new highs. Could we break down tomorrow? Sure....after we run up so high every mofo short is taken out.
 
@ Richard

Well, contribute a bit more and maybe the thread will get better? :eek:

I'm quite sure startraitor knows he has some bad trades, why beat him with it with little in the way of constructive comments? We've all had the projectile pukies over big losses and the accompanying psycho issues to move through.

Seems to me that most folks post their finalized trades. There are exceptions, but most of those piglets and panty-wastes end up on the IGNORE list...so what the hell?. Add a bit...enjoy a bit.

No offense Richard....my $.02 :cool:
 
Quote from startraitor:

You're right about almost everything, it's actually a little worse with some unposted trades, all real money. Sleepless nights and some vomit to prove it. It is not a life changing loss by any means but I don't like big negative equity swings at all. Larry made a great call. I am sticking with my positions for the time.

every trader has been there at one time or another, the powers that be caught alot of people short with this last move. :)
 
Quote from startraitor:

You're right about almost everything, it's actually a little worse with some unposted trades, all real money. Sleepless nights and some vomit to prove it. It is not a life changing loss by any means but I don't like big negative equity swings at all. Larry made a great call. I am sticking with my positions for the time.

My apologies then...I was just a bit cranky...had a medical procedure which caused me to sleep thru all the action...at least thats my excuse and I'm sticking to it.

Your right travelwander I contribute about as much as you do! I could make calls but they are never completely naked as I have long and short put and call options on the ES at all times with the weekly's and monthly going out 3 months so. In this time (July 03- July 11) I'm down exactly $645 which even though it isn't that much pisses me off since I had a rather great June.

I was totally wrong about this week. I said (on the option forum)
that I thought if we went down we would go down this week..oops. I do think and stick by my wimpy call of ups and downs but going generally sideways this summer. I don't see us up or down 100 pts. Summer is generally the doledrums and just a lot of churning with only our brokers making money..so when blokes call out for us to be going down to 1400..1350 I see that as just stupid. The economy is in recovery, what Ben has done is working...the chaos in the Middle East is as it has been for centuries. The good news is they are so busy fighting each other they can't get organized enough to terrorize the rest of the world..so...the ODDS of up in the ES remain greater than down IMHO. On the daily we are toppy..I would love a down of 20 or 30 pts...but I've learned the market can stay irrational longer than I can stay solvent...so I guess I'm buying calls. ugh
 
ok here is a mea culpa and an actual trade from me...after I grumpily closed out most of my weekly positions this am before open.

BTO a 1670ES call (exp Friday) @ 2.4 so this is my stop..have an order to go short ES at 1669.25 or there abouts..if hit will close at 5-10 pts profit and rinse and repeat until tomorrows close.
 
Not difficult to see a big push up through this consolidation to close at +20 or better. I guess it would not be "surprising" anyhow.

Meanwhile.....instead of flipping these coins I'll now enjoy the rest of the day in a Blue Ribbon trout stream with a nice Padron and a frisky Brown.

g/l all.
 
Quote from RichardRimes:



BTO a 1670ES call (exp Friday) @ 2.4 so this is my stop..have an order to go short ES at 1669.25 or there abouts..if hit will close at 5-10 pts profit and rinse and repeat until tomorrows close.

short ES @ 67.25...not patient enough to wait...
 
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