ES Journal - 2015

[artemstreb]

headed for lows

I did. 0600.

link?

 

[dbphoenix]

A further word on Risk management. Let's say that I have identified a trade where an 18 point stop off the daily is required (my current short) . And let's say my TLNW is 50k. This means that I can risk 2 percent of that 50k or 1000 on this trade. This would include commissions. So, I can risk between 19 and 20 points on this trade if I am trading just one contract. If the stop that I place outside the noise would have been 21 points, then I could not have taken this trade. In addition, until I close the trade, I do not count any of the profits as being in my P and L. Rather, I only count the loss and I consider that money gone. With that in mind, I never re-calculate my stop as being 2 percent of a new number with unrealized gains added in. It is always calculated off the entry point. New trailing stops are simply placed according to market noise.

Let's say you post all of this in advance sometime instead of reminiscing over a trade you may or may not have taken.

 

[dbphoenix]

retest lows

i talk realtime, dont post hindsite charts

They were posted before the trade. You were probably asleep.

 

[Tech Analysis]

He was having his meat delivered.

 

[artemstreb]

They were posted before the trade. You were probably asleep.

you are arrogant.

i asked for a link

 

[Tech Analysis]

BS you set stops at an arbitrary 2% loss instead of at key technical levels?

 

[Tech Analysis]

you are arrogant.

i asked for a link

You call people ditch bitch, a-hole etc but someone else is arrogant?

 

[artemstreb]

You call people ditch bitch, a-hole etc but someone else is arrogant?

some peeps are a-holes, you disagree?

 

[Tech Analysis]

Oh I agree.

 

[dbphoenix]

you are arrogant.

i asked for a link

I'm sure if you try you can find my charts since they are a topic of so much conversation.

You can't always get what you want, but sometimes, if you try . . .