ES Journal - 2013

Quote from hafez50:

I'm not insulting you and yes in my career i have tried your style and see ton others try.you can say what you want but when you fight then trend and avg in constantly you have a huge negative position that is tough mentally to withstand and the vast majority of people will panic and cover as trades go 20-50 pts against you as many times the mkt never retreats to the mean for weeks on end.You're the one that insulted me above when i advised people not to short yet and i was correct.Imho your way of trading is suicide. Anyway i chase stks on the long side most of the day. Like after hrs today i chased apple off earnings and make $5.50. I bought the dip in nflx after earnings came out yesterday.But i'm also looking for a short signal in here to short the es and its not here yet
i have mentioned before and you convieniently ignore it,(hafez50


Registered: Dec 2012
Posts: 49


07-23-13 10:04 PM

Yes if i'm not mistaken ammo you've been caught quite a few times the last yr with 40 -60 pt loses. We've basically gone from es 1553-1695 in 5 weeks with very few draw ins.)


you are mistaken but that hasn't stipped you from repeating it over and over

i have a max stop loss of 20 pts on a max position,to stay in that position i constantly reduce and add,since i cant know when the pullback will occur,this style of shorting, reducing on pullbacks to mp value areas mentioned and displayed hundreds of times,adding on advances to same value areas,allows a systematic way of staying in a position until a reversion occurs,i get caught less than 3 times a year,sometimes less than 2,and the returns often outweigh the max loss limit, this style also eliminates any chance of getting caught long in a flash crash,bank run,fiat system failure etc.......so the type of shorting you are referring to is not this system,nor is the short all the way up with mujltiple stops,death by a thousand cuts,again please refrain from posting ignorant statements using my name
 
1 day don't make a short signal. Like i said after a 53 month mega bull mkt i'm not looking for 3-5 pt scalps and then give back 4 pts. I'm looking to catch some nice part of the next bear
 
Quote from hafez50:

1 day don't make a short signal. Like i said after a 53 month mega bull mkt i'm not looking for 3-5 pt scalps and then give back 4 pts. I'm looking to catch some nice part of the next bear

then you won't have many contributions to an ''ES Journal'..........
 
from time to time i'll scalp it. like today if highs hold i'll probably short a little for a trade. This game is about making money not how many trades can i post in a journal
 
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