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ES Journal - 2014
- Thread starter murica
- Start date
Quote from pfranz:
You'll find that it's true, if initial period is down then whole period will be more often than not down,but what I say is that it's pointless,useless,silly for the reasons written by fail3ed_trader.
Yea, this applies on most timeframes and agreed it's untradeable.
It's like saying that when a team is up by 3 TDs at halftime they're more likely to win - of course that's true but any bet made at halftime where a team is up by 3 TDs will reflect that info.
Quote from murica:
Short ES now to 1900, stop 1950. Stop doesn't matter. How much you risk beyond your last add at 1900, in total, (if and) when you take the loss, relative to your capital, is what matters.
This is the year that traders will reveal their true colors, whether right or wrong. The ultimate base goal is to survive -- both in the short term, and over a career. Beyond that, in the short term, is luck.
\
-murica
no offense murrica but you sound like a grain of sand taking on the ocean...best not to take one's self too seriously in trading,we are always the small fish... a weekly,daily,hourly, 5 minute humility check is as important as your charts