ES Journal - 2013

[Builder17]

Quote from Builder17:

s 92.75
stop 96.75
t 84

out 95.5

gotta say i didnt see this wicked rebound coming.

 

[TskTsk]

These days it seems markets "crash" to the upside more than the downside. 15 days of losses nearly wiped out in just 2 days.

 

[Trvlwanderer]

The "world" is counting on the US for stability. Too much at stake.



:eek:

 

[Trader.Fighter]

Quote from Laissez Faire:

Please don't short this market today. The only signal I can see right now would be, "the market is too high", but that is not a signal.

If shorting, at least average up as Livermore used to do. He would only add to his position if the market proved him right, not the other way around.

He once averaged down so massively that he liquidated a winning position to be able to meet his margin call and continue averaging down on his losing position. That lesson and the major loss that eventually followed made sure he never averaged down again.

One huge loss is all it takes.

Don't bother, they are fairly content into shorting uptrends and adding until finally right, because the world is going to end.

And when you try to help they get irritated or call you mental.

 

[ammo]

Quote from ammo:

reduced with builder at 86 25, add 91 25, avg 84. 5, crossover day for now in uvol dvol following trend day, good chance we go no where csh has a ledge at 99 on the 20 day add 93

added 5 ,25..97 avg 88 3/8

 

[Laissez Faire]

Quote from TskTsk:

These days it seems markets "crash" to the upside more than the downside. 15 days of losses nearly wiped out in just 2 days.

Sure, when shit hits the fan, markets can crash pretty hard and fast, but in the time I've watched the markets, the up moves can be just as violent and fast.

Did anyone remember the bottom after the debt downgrade sell-off?

That was a WICKED up move in a very short amount of time.

 

[TskTsk]

Yes that was a sick move. Same for the December 2012 fiscal cliff debacle, at least in the volatility mkts. Never before have I seen so much volatility dissappear in such short time. I mean, sure spikes can be violent. But you can just as easily be wiped out quickly to the upside, and since markets increase 70% of the time I'd rather be a permabull than permabear like some

 

[tstones]

Agreed, this has happened many times. The selloff got no follow through, and 1 quick snap it's back to new high. Many shorts are just waiting to cover at a target below, before they knew it it's back to BE or a loss.

It's a bull market.

Quote from Laissez Faire:

Sure, when shit hits the fan, markets can crash pretty hard and fast, but in the time I've watched the markets, the up moves can be just as violent and fast.

Did anyone remember the bottom after the debt downgrade sell-off?

That was a WICKED up move in a very short amount of time.

 

[Builder17]

maybe back to 88 now

 

[pinkman]

Quote from TskTsk:

But you can just as easily be wiped out quickly to the upside, and since markets increase 70% of the time I'd rather be a permabull than permabear like some

That appears to have been the philosophy of all of the successful traders that have posted in this thread.