ES Journal - 2014

between the plane and Gaza.. the risk here is worth more than the 1% down move from all time highs.. no reason for this to trend back to 60s tonight
 
The upside has been halted ... for now. UVXY shot up through the roof in a short 2 hours. While I still believe that the market is cheap on a relative basis, the geopolitical events will take precedence from this point on.
 
"Amber" alert:

BrianHarvey is missing from this thread since this Morning. Last time he was seen, he was averaging down ES like there's no tomorrow. :D
 
jas_in_hbca said:
7 Years. Oh shit, don't know if I should be encouraged or discouraged.
More...
I was doing very well just trading long term stocks back then, every nickel I made there and half of what I made at work went out the window, there wasn't any good software when I started, there was CQG and Futuresource run by satellite feed. Learning cost me 105k in tuition to learn how to day trade but some of that was learning how to long term in futures too. I wake up and say to myself, "here is another shit day of losing", but I love the game. Too much being cocky back then, I thought I was smart. I am still subdued cocky but dumb, and even if I read someone's posts on something I am not doing, I will spend time trying to understand. Like Market Profile, I really suck at that and I study those charts and after I am duhhhhh.
 
Yeah, I'm just not a fan of the boasting. Everyone needs to be humbled eventually, and boldly proclaiming that the market "MUST" go up is just asking for an eventual beatdown.

Some of the best advice I ever received about trading was that I should expect to lose money, not make it. If that is the mentality, then a plan can be built around entering where there is the best chance of losing the lowest amount. Entering the market expecting to make money every time is exactly how you get caught holding the bag.
 
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