It's profitable, scalable, and provides a valuable function to The Market, to stabilize the overshoots caused by price chasers.
But who knows, maybe some day I'll be able to move up to Trading Educator :eek:
ES Journal - 2014
- Thread starter murica
- Start date
It's profitable, scalable, and provides a valuable function to The Market, to stabilize the overshoots caused by price chasers.
But who knows, maybe some day I'll be able to move up to Trading Educator :eek:
that would be one hell of a loss for pinkman's 1826 contracts
The absolute last thing in this profession you want to be is someone else' liquidity. Everyone buying today's high-volume downtrend was on the wrong side, and they literally transferred money out of their accounts into the accounts of traders who were selling into a high-volume decline.
Post-It note for everyone's computer screen: "I will buy rising tapes and sell falling tapes with confidence. I will cut losses short and I will let profits run"
Get good at that, and the ES (or any other market) will become your own personal ATM machine.
Too bad nobody rings a bell to let us know when 6% range days are unfolding... only visible in hindsight. I covered ES shorts at 1755 before noon. My first trade was long and stopped out for -1.5 points but from then on, the short side was the only side to be on.
that's a great result today if your trading 2-3 contracts, everyone makes out big using price action on these trend days,
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mean counter trend traders 
