ES Journal - 2017/2018

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treeman said:
Handle, You discuss hedging a lot, and I'm always a learner. I understand how and the concept, but there's a tax to do it. I'm curious to know how you see it advantageous over a simple stop. Or really, why not just by call's or puts straight up without the underlying? It's the same thing, isn't it?
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Tax??? I can't ever get the volume filled by doing the options fast enough and often times spread seems to be wider, sometimes the options lag, I probably be able to do them first half hour, but I do many reverses, half my sequences are reverses especially in tight chop. In chop I 60% trade "noise" due to HFTs. I have been able to design a indicator based on comparisons of price, volume
and acceleration to see when HFT most likely to enter and now have full minute to get in, they help propel some of my trades for quick 4 tick scalps, but the 2nd part of this system does have runners trying to get the 10-30pt profits. But what I concentrate the hardest is not losing often due to the fact I average down on each trade, I made system to be early and still be able to nail the 4 ticks. When I first started never was able to make day trading system that my personality would allow, it doesn't have anything to do with the money, but I see losses as personal failures, I know if doesn't sound right of one loss being this way, but we all grow up in different environments and mine were punishments when I didn't get top marks. So trading has been more of punishing my life, but I eventually got good at it. Am sorry, but difficult to explain my life. But "elders" believed in seldom having losses in life. I don't believe that people can change under years of environment of punishment, even though past is past- can't escape it. But so long as I am happy with my performance, I can live within my tortoise shell.
 
Triple top in one minute, maybe retracement.
S 25.50
dump half at 4 ticks
PS 25.25
do have trend as up
Reversal came in at 22.00 but I am out with runners for 3.25pts

Well, do have other things have to work on, so all have safe and Happy holiday, hope this continues down for little bit to nail larger profit.
Yea, I want to quit now having no loses as it be long weekend, but still did couple dozen signals, and no I don't recommend learning to be a scalper, so hard to get good, you have to be able to breath patterns and back test forever, you have to be able to break down waves of swings and figure out the differences of up/down swings and keeping running averages of each but have to do manually as time periods matter. TaTa.
 
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rocketman987 said:
Really. Didn't know this.

The day AFTER, what's the tendency gap up or down do you have an opinion?

Or maybe there isn't one?
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No opinion...just been an observation through the years and not tested. As a day trader and a singles hitter, I stay away from trying to figure where the market is going....I just take my signals and observe my rules.
 
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