Flat 14
ES Journal - 2017/2018
- Thread starter Buy1Sell2
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Been trained through getting burned. If you think of it this way. Go long at any point within the last 7 years. Eventually it comes back and you just need enough capital to weather drawdown.
Calculate average swing deviation to the downside. Wait patiently and get long.
Depends on your time frame, I get long and short signals most days and don't care one way or the other.
I stopped shorting the indicies a good few years back. My account has thanked me! Long only. It goes up over time. It has too. Shorts are always low probability trades - even daytrades
That's right, I think.
Most people I know who trade as a hobby do very well, and they aren't even aware you can 'short'.
They've all done better than me, but I think that's because I made the mistake of trying to go both long AND short. Shorts tend to always cost me money
If shorts cost you money, the defect is in the trade plan and not the short. Much is dependent on targets and stops. I am a singles hitter so my targets are modest and stops more modest. As a result, I just take intraday momentum swings and don't find much in the way of longs outperforming shorts. Even in a bull market there are trend days down. On those days I get mostly if not exclusively short signals.
Long here at 2413
TP 2433
TP 2433
%%
Good time frame points;
I care about the trend/ trend friend more than the counter trend[ called a correction, or pullback..... in an uptrending bull market]; but some market$ have Very good counter-trends.
NYSE maybe more orderly than NasdaQQQ...........................................................NOT a prediction. Most system profit$ in countertrend$ are not@ all ,near the trend profit$
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