ES Journal - 2017/2018

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Sorry you are incorrect, he closes the position to roll to new month. You don't have a clear understanding of that. Also, changes in policy change the TA. So if on a longer term chart support has not been breached then he has been right and profitable over the long term with his strategy. Also, as far as I know he does not always go long, during a bear market he has taken short trades. Finally, NT reports show that my trading has been profitable. Also, in the past on C2 , I had the number 1 trading system of all time in Forex out of over 9,000 trading systems for over a year plus over 20 paying subscribers. Stats don't lie, only people who don't understand them have something to prove.

Spooz Top 2 said:
Once you liquidate an existing position on any trading instrument & implement a new position... You are now essentially implementing a New position that is now marked to market at the new inception price.. 2900 plus level... That is how the position is recognized on the books.

Twist it & bend it any way you like... it is what it is!

You may get lucky as the Bullys may bail you out .. Interesting build out up here.

Good Luck, B
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Thanks for posting here, ignore all the haters, you at least show that trading can be profitable over the long term with actual trades in real time.

Buy1Sell2 said:
Although in overbought territory, the hourly has shown no sign of wilting yet. I would suspect some slight resistance in the 2755 area before pushing higher. Continuing to trade long on pullbacks on the 1 and 5 at 10 times leverage.
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There is really only one reason to try and trade both long and short during the same time period----it's because a trader doesn't want to miss out on market opportunities. This can be avoided by using decent leverage and only catching the good trades in the direction of the upper trend (hourly for me on day trades). ---When you trade with decent leverage, you do not have to catch every move.---Ishmael.
 
Buy1Sell2 said:
There is really only one reason to try and trade both long and short during the same time period----it's because a trader doesn't want to miss out on market opportunities. This can be avoided by using decent leverage and only catching the good trades in the direction of the upper trend (hourly for me on day trades). ---When you trade with decent leverage, you do not have to catch every move.---Ishmael.
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I’ll be the first to admit I am more comfortable short vs long mainly due to black swan events. There is a very low probability of the mkt trading limit up overnight or intraday but a much higher probability of limit down happening overnight or consecutive days. You make a very good point about controlling the blow up risk by controlling leverage. However, also be aware of the psychological effect of losing $ (even if just paper loss) has on trading.
 
Buy1Sell2 said:
There is really only one reason to try and trade both long and short during the same time period----it's because a trader doesn't want to miss out on market opportunities. This can be avoided by using decent leverage and only catching the good trades in the direction of the upper trend (hourly for me on day trades). ---When you trade with decent leverage, you do not have to catch every move.---Ishmael.
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One other point...imagine you are in an intraday long with decent leverage and another 911 happens...you would be completely pooched!
 
Brick wall. If we break and close above I am out of my short
 

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