ES Journal - 2014

pinkman · Mar 7, 2014

wiesman02 said:
Getting absolutely clobbered today. Keep expecting the opposite of what actually happens

sounds like my CL trading today. Down 94 ticks so far!!
Amazing to think one can get it so wrong so consistently lol!

Luckily I have my faithful ES which has given me a decent amount of points nearly everyday for as long as I can remember!!

CL can move where the hell it wants, whereas I know where the ES HAS to go in the long run. DIfferent animals I guess

pinkman · Mar 7, 2014

Short 102.54 CL stop at 102.70

actionzip54 · Mar 7, 2014

pinkman said:
whereas I know where the ES HAS to go in the long run. DIfferent animals I guess

Dude, you're cruising for a blowout with that statement. The ES doesn't HAVE to go anywhere. It's going to go where ever it goes.

tradingjournals · Mar 7, 2014

Model 007: Minus SPY @ 188.11 (w/ shorting the weak preferrable)

tradingjournals · Mar 7, 2014

tortoise said:
"It's a bull market, you know."

Are they still of the same opinion?

Wide Tailz · Mar 7, 2014

actionzip54 said:
Dude, you're cruising for a blowout with that statement. The ES doesn't HAVE to go anywhere. It's going to go where ever it goes.

At least he's a believer in the global cb's addiction to QE and the corner the USG painted itself into when it got hooked on low interest rates. Nitro, on the other hand....... who knows how he has justified fading this epic 5 year trend

NoDoji · Mar 7, 2014

pinkman said:
CL can move where the hell it wants, whereas I know where the ES HAS to go in the long run. DIfferent animals I guess

I came to this same conclusion 3 years ago:

NoDoji said:
No, CL lives in a cave far from civilization. It answers to no index!

pinkman · Mar 7, 2014

actionzip54 said:
Dude, you're cruising for a blowout with that statement. The ES doesn't HAVE to go anywhere. It's going to go where ever it goes.

I was having these arguments with people on traderlab and clearstation when we were below 1000 on the ES,
Most people have been , and continue to fight the Fed on a daily basis.
I don't trade very big size, but based on the money i've made, the market would have to make an unbelievable move to the downside to come close to actually 'blowing' my account. Ain't gonna happen. Market wont allow it.
Much more likely than that 1 in a milllion crash, is that we just keep going up to 25k on the Dow and beyond.

Best to Agree to disagree

pinkman · Mar 7, 2014

pinkman said:
Short 102.54 CL stop at 102.70

looked good briefly. Looking more like a stop out now.
Wait and see

tradingjournals · Mar 7, 2014

pinkman said:
the market would have to make an unbelievable move to the downside to come close to actually 'blowing' my account. Ain't gonna happen. Market wont allow it.
Much more likely than that 1 in a milllion crash, is that we just keep going up to 25k on the Dow and beyond.

Best to Agree to disagree

I would not be surprised if you were to turn bearish much sooner than the market reaches the targets related to your long side view.