ES Journal - 2013

Quote from Mo06:

"Moves like this totally debunks the myth that only down moves are sharp, short selling isn't safer than going long, you can get killed either way. "

My experience is that tops take a LOT longer to form than bottoms in the market, hence shorting requires more skill IMHO.

The trade today was long after the spike down, it's late December and I suspect they want to take the ES to new highs for Dec expiry.
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I'm talking about huge intraday moves, you know, the 40-50 handle ones. Many people have this misconception that its safer to be short than long because the down moves tend to sharper (making them more dangerous), read a chart from the late 90s and you clearly see that the large up moves were far more frequently than the sharp down moves. This has nothing to do with tops or bottoms, it has to do with misconceptions of whats "safe".

The only skillful traders I know are the profitable ones, does not matter if you are short or long, you have no edge (or skill) if you are consistently losing.
 
Quote from ammo:
sh 88 25 add 91

add 94.5 add 93.75 avg 91.87, 87 75 bid for reduce
reduce 96 add 98
add 01 add 04 maxed on adds avg 97 5
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reduce 04 (- 6.5)
 
Quote from Mo06:

"Moves like this totally debunks the myth that only down moves are sharp, short selling isn't safer than going long, you can get killed either way. "

My experience is that tops take a LOT longer to form than bottoms in the market, hence shorting requires more skill IMHO.

The trade today was long after the spike down, it's late December and I suspect they want to take the ES to new highs for Dec expiry.
More...

1) Personally I never heard the myth of only down moves are sharp. Maybe that's why I'm still around too make an occasional post! :) But short selling has NEVER been "safer". In fact, just the opposite because short risk (in theory) is unlimited.

2) A "top" is valid only in some sort of context. For instance, new all time highs were set (again) today. Some people believed(and traded as such) "the" top was in a month ago. Tops and bottoms are valid only within some sort of context. Time is a measurable byproduct of a context, but time itself is not a context. Some financial-astro analysts may disagree however.

Trade On!
 
not complaining here,just an observation, but the more posts that come in against selling into an uptrend,in the past, it's marked the reversal , so even tho the comments were civil, and i appreciate it,working here just like the rest of you, they do bring a little extrra to the table
 
Quote from ammo:

not complaining here,just an observation, but the more posts that come in against selling into an uptrend,in the past, it's marked the reversal , so even tho the comments were civil, and i appreciate it,working here just like the rest of you, they do bring a little extrra to the table
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Im not a permabull, but 2013 has left me no choice Ammo.
 
Quote from tiddlywinks:

1) Personally I never heard the myth of only down moves are sharp. Maybe that's why I'm still around too make an occasional post! :) But short selling has NEVER been "safer". In fact, just the opposite because short risk (in theory) is unlimited.

2) A "top" is valid only in some sort of context. For instance, new all time highs were set (again) today. Some people believed(and traded as such) "the" top was in a month ago. Tops and bottoms are valid only within some sort of context. Time is a measurable byproduct of a context, but time itself is not a context. Some financial-astro analysts may disagree however.

Trade On!
More...

1. Read this thread, plenty of arguments from people who think its safer to be short.

2. Not sure why you are directing this at me? I wasnt talking about tops or bottoms?
 
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