ES Journal - 2014

OK, finally put in hard stop at 27.50 to risk 6.25 on 5. i have held 5 and 10 overnight before, but no way....not even if this collapses. that is hope talking, this market is no where near collapsing now. 1 hour and 45 min is a TON of time....
 
istoptime said:
OK, finally put in hard stop at 27.50 to risk 6.25 on 5. i have held 5 and 10 overnight before, but no way....not even if this collapses. that is hope talking, this market is no where near collapsing now. 1 hour and 45 min is a TON of time....
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Wow 6 handles is a lot of dough! What's your typical profit target with that kind of stop?
 
i don't have any good answer for risk and reward. stock account is always long, retirement account long....so ES is usually just shorts and risking a few k's. i think the environment offers 10-20 points on the short. so risk is never more than 10.

let me call some central banks and tell them to sell...
 
istoptime said:
i don't have any good answer for risk and reward. stock account is always long, retirement account long....so ES is usually just shorts and risking a few k's. i think the environment offers 10-20 points on the short. so risk is never more than 10.

let me call some central banks and tell them to sell...
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You were briefly positive by a few ticks... Still in?
 
back in the day i would micro manage the futures. i don't do that anymore. i will let this work well or not work. who knows....not what i want but it's not the worst.
 
One of my rules based on analysis my past transactions... When a position goes immediately against me and almost hits my stop and then reverses, I get out as close to b/e or +1 tick no questions asked. Statistically, the best trades are the ones that go my way right out of the gate.
 
Then again, most of my entries are at very specific algo areas so very rarely there is a need for more than a 4 tick stop. While 4 ticks may not seem like much to you, it is a big deal to me :).
 
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