ES Journal - 2015

[fortydraws]

You're not using the BS-recommended 125 NQ points stoploss? Don't you follow his robust money management plan?

Stop loss is 2% of my liquid net worth, which, given my trade size would be around 4425.

Its right at 100 points - my TLNW must not be as high as his TLNW. Stop losses are a function of one's net worth - not price action. It is the only edge one has.

 

[Brianharvey]

ss 4314
stop at 20
target 04

 

[dbphoenix]

Its right at 100 points - my TLNW must not be as high as his TLNW. Stop losses are a function of one's net worth - not price action. It is the only edge one has.

Indeed. What can one do without robust money management?

 

[Brianharvey]

ss 4314
stop at 20
target 04

stopped -6

 

[Tech Analysis]

Indeed. What can one do without robust money management?

Become a Wal-Mart greeter or collect grocery carts at Frys.

 

[dbphoenix]

Become a Wal-Mart greeter or collect grocery carts at Frys.

Now I remember where I last saw BS.

 

[Brianharvey]

ss 4321

 

[Brianharvey]

stop is at 28 for now

 

[artemstreb]

exit all my shorts

 

[Brianharvey]

stopped -7