ES Journal - 2015

Just a quick mention here of risk management. The last few trades have been losses. The total loss on these trades adds up to less than 2 percent of TLNW. This is how you keep in the game and then when the winner comes in, you let it run . The idea here would be that I will be able to get short again and catch a big downdraft. If enough time passes before I am reversed, I will be able to raise the 2050 sell stop and get a better short entry. Either way, you keep your toes tapping and you win over the long haul. This is your only true edge in trading. Capital and the prudent use thereof. Good fortune to all!
 
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