ES Journal - 2017/2018

[Buy1Sell2]

Long Long Long!! 2360.50 (Day trade call) Initial stop 2351.00

 

[Buy1Sell2]

Haven't said this in a while but a trader should never risk more than 2% of Total Liquid Net Worth on any one trade/idea and when right , let the trade run to maturity. That's the real key to successful trading.

 

[JSSPMK]

Haven't said this in a while but a trader should never risk more than 2% of Total Liquid Net Worth on any one trade/idea and when right , let the trade run to maturity. That's the real key to successful trading.

I assume you measure the maturity of a trade according to a personal risk management criteria rather than some technical common principle/s.

 

[Buy1Sell2]

I assume you measure the maturity of a trade according to a personal risk management criteria rather than some technical common principle/s.

Yes-- with one caveat. Each person defines their own technical principle so that's why it's not common. Maturity is different for each trader. If you define maturity as 2 points, then don't pull the trade or any part thereof at 1.5 pts. If your maturity is 4 points, don't pull at 3.75 etc.

 

[Buy1Sell2]

Long Long Long!! 2360.50 (Day trade call) Initial stop 2351.00

Not tremendous yet. Pricing is 2357.00

 

[Buy1Sell2]

We've got a short term bottom now in at 2354.75. A confirm of bottom will be a print of 2358.25

 

[Buy1Sell2]

We've got a short term bottom now in at 2354.75. A confirm of bottom will be a print of 2358.25

--and there it is. Short term bottom confirmed. We should head up from here.

 

[JSSPMK]

--and there it is. Short term bottom confirmed. We should head up from here.

I hope market won't be going up this time.

 

[speedo]

I hope market won't be going up this time.

Why?

 

[JSSPMK]

Why?

A. Counter trend pattern present on daily;
B. Other analysts are seeing counter trend signals;
C. I'm short Naz