Hows that short working out for you? Any stop, or till you blow out your account?
ES Journal - 2019/2020
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Hows that short working out for you? Any stop, or till you blow out your account?
Let's not jump to premature conclusion, shall we?
Staying the course. Lowering the PT to 2962
76 pt loss.
And people call me crazy for having no stops on a market that moves thousands of dollars against in movement per contract, only to recover fairly quickly.
Isn't having a stop just as bad, when the market ranges inside your huge target/stop range?
You have an actual position
No. You must have it especially when using leverage so that it keeps one from being married to a position. My plan is always for the long term.
So you divorced your position at -76 points? What if you and your position kiss and make up at -77 points, and start making babies, and produce enough direction to give birth to profits?
The only time it didn't work for me was a year ago at this time, when I bailed on the position, and signed the divorce papers, because she (the position) was becoming a true bitch and would not relent on my demands for reconciliation. Yeah, early withdrawal. Great birth control method.
I hear what you are saying. Many of us are having a tough time.
With that said, I have to divorce myself from large swings. Three times in a row the market has been holding out for more of my money. Not falling for it again. Today may have been an outlier for long swings. I made 13 MNQ points profit day-trading, and am keeping them.
No more swinging until Trump is out of the White House. I cannot fall into that trap again.
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