ES Journal - 2017/2018
- Thread starter Buy1Sell2
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ES has a nose for the lows.
All I meant by tax is if I want to hedge my position, it costs me a % of my underlying to do so. Nothing comes free. So in order to make a profit on the underlying + hedge, I need to have the underlying already move in my direction. Somewhere there's a breakeven, but if I place my stop there, I'm in the money instead of breakeven. Does that make sense?
As for the younger years thing.... I hear you. We are programmed from the moment we exit the womb. Meditation helps see our wiring for what it is.
moved it more toward lows than they did highs, like they want to gap it down come tuesday?
Ok, I understand. My mixture of a scalping/day trading system, if I hedged, in automation I think often I be trading half of the size as you want to be covered by the hedge first then get into the underlying and price might be at first target, plus my biggest fear would be eventually someone or some computer would be able to figure out what I am doing in options first and hedge would cost me even more leaving nothing but risk. In very long term trading, have to get the hedge on first before the underlying as I do much more than one to one than underlying as I prefer to have nil risk, I am often a year plus or days too early.
I do have ongoing blackswan options in place, but considering in automation and not manual, do have wide stops to start, when a target is hit PS are changed are only changed then. Of the fifteen patterns generate signals, only one is not entering at the extremes, matter of fact, many other traders would say when am entering that trend has changed, but signals are 60% with trend and they usually offer less profits by end of day. Most of entries are due to some type of science/math and chart patterns, more like timing how far back will a bungee cord might travel within a wedge or triangle before it snaps back-so it is acceleration and volume or lack of and even with this, I might have delays of forcing cord to go back even more.
Trading is my life, it is more than making money to me, it is still a game to me and how can I get better. It seems to be only thing am decent at and rest of life is very hard.
I’m sorry to hear the rest of your life is very hard. Personally, I appreciate your posts, even if I find many of them cryptic (probably due to my intelligence). I try to keep up, anyhow.
While it is an ideology (what isn’t?) and those are always personal, check out stoicism (a guide to the good life by William Irvine is a good place to start). Marcus Auraleus, Seneca.. it’s an ancient philosophy. It’s changed my life (and surprisingly helpful for trading and the emotional side). You can take what you like, and leave the rest, but there’s nothing crazy in there. I don’t think there’s even a nod to a higher power in it. It’s more of a personal philosophy on life and how to make sense of everything/people out there.. you know, shit everyone has been struggling with since ancient times.
Hang in there.
While it is an ideology (what isn’t?) and those are always personal, check out stoicism (a guide to the good life by William Irvine is a good place to start). Marcus Auraleus, Seneca.. it’s an ancient philosophy. It’s changed my life (and surprisingly helpful for trading and the emotional side). You can take what you like, and leave the rest, but there’s nothing crazy in there. I don’t think there’s even a nod to a higher power in it. It’s more of a personal philosophy on life and how to make sense of everything/people out there.. you know, shit everyone has been struggling with since ancient times.
Hang in there.
I would say this is neither an approach nor education. philosophy yes in spare time.
trading is tough and if one can't then learn it. not a job but far away from force.
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