ES Journal - 2017/2018

[mastacoli71]

Great trading. I like your style.
I know you're holding through some heat. Question: you average in as the price moves against you but when the trade turns around and is better than your average price, why don't you scale up (like instead of removing a contract at your first target, why not add another one and backstop it)?

Never thought of that. You mean instead of adding to loser add to the winner?

 

[manonfire]

Long 2662, stop 59[/QU

Flat, not holding into Trump

 

[Buy1Sell2]

We are now poised at 13:57 EST to move higher into the close and carry this move thru Wed and Thurs. Long Long Long from hier.

 

[mastacoli71]

We are now poised at 13:57 EST to move higher into the close and carry this move thru Wed and Thurs. Long Long Long from hier.

Power of positive thinking

 

[Laissez Faire]

Range expansion to the downside seems like the most probable scenario at this point.

 

[Laissez Faire]

2650.

 

[mbondy]

Never thought of that. You mean instead of adding to loser add to the winner?

Yes. You've averaged in, okay good, now the trade turns around and starts going your way... so why not add a contract at your first target, second target, and dump them all at your third target, kind of thing?

You can always back the add-ons with a stop if it makes you uncomfortable.

 

[zenemini]

Range expansion to the downside seems like the most probable scenario at this point.

I get the range expansion. But why do you judge one direction as more likely than another?

 

[volente_00]

Move to 2770 is setting up on a hold of 2610

 

[treeman]

Accumulating overnight.