ES Journal - 2014

100% win this week on equal risk vs reward using PA and TA. However, I should have gone for more profit.
 

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EsKiller said:
why ? When I have outstanding days, it means price action is in alignment with my trading strategy. You need to push it when that happens, b/c your window is normally 2-5 days b/c they can often make your entire month !
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I am fairly consistent trader each day, I have my stats of how I have done going back to 1985 trading either big S&P500 and ES, granted each five years was on different method, I get bored trading the same all the time and old methods get automated, plus in five years, you learn more. I don't pay retail/lease a seat and I average down on each trade, so "pushing" it, pretty content on my numbers. Matter of fact, there were instances today where my platform would not allow me to put on new trades on one/two minute timeframe and had to drop to 30 second timeframes, platform was written to do this when volatility gets beyond what I have tested to be "controlled", I am not a homerun trader, system was designed to get breakeven plus one tick 50-65% of the time, but when you average down, if I get in 8 ticks better, my target will be 8-10 ticks whereas original entry in plus one tick. I have found in trading and testing, my worst days have come days after incredible days. I had twice the number of trades I normally have, so tomorrow I will cut back size at least 50%.

I constantly test dealing with equity curve, risk, time of profitable trades, swing size, waves of a swing due to volatility. We all have our style of day trading and am short indexes long term.

Am happy you are doing well, good luck tomorrow.
 
Good day yesterday, so would be wise to take the opposite side to me today on my trades.
I think market alternates between a few different 'behaviours' which naturally suit different methods/indicators etc, but you don't really know until it's too late.

Is today gonna be good for trend following? (say macd crossovers?)
Or is it gonna be choppy and mean reverting? (maybe bollinger band or stochastics?)
Is there anyway too have the slightest clue before hand?
I don't think there's a single system that can expect to make money everyday.
 
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