ES Journal - 2015

The damn thing will go as high as it wants. I'm out of the trying to figure it out business. I played that game in 2001 when I first started out and got clipped.
 
The hardest part, for me, was to stop wondering the why's of what the market does and just concentrate on what it does. The market has no logic. One day they buy bad news, then sell good. Tomorrow it's the opposite. They'll bid it up 200 points in the morning, then turn around and give it all back 2 hours later with no news or anything to cause that.

If you need to go eastbound, don't jump on a westbound bus hoping the driver turns around. Just grab a bus in your direction then get off when it turns and don't question the driver. He'll probably lie to you anyway about where he's going. :D
 
And as a trader I personally ignore volume. Today's volume is very low yet we have a great daytrading opportunity. Some days the volume's high and we put in a small doji. The only indicator that I use is price. You can't spend volume :D
 
What the hell are they gonna do, buy till we hit the March 23 highs? And to think the overnight futures pointed to a big down market today. Go figure. /scratches head/
 
I set stops based on pivots. I use the 2minute candlesticks. I have a much lower tolerance for risk than you do so I get stopped out more but i don't take large losses either. I'd rather make 10 trades than 1 or 2 and face the potential for large loss due to wide stops.

What do you use for stops? Or do you use them? :)
 
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