ES Journal - 2019/2020

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volente_00 said:
D. STFT
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E. FYON/P - Follow your own numbers/plan

When I was just beginning and floundering, one time Volente had posted many wins in a row. So I thought I'd just copy his trades. Of course then he posted 3 losses in a row. Cost me a lot of cash. It was a good lesson to learn early on... there are no shortcuts.
 
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vanzandt said:
Where we at here?

a)BTFD -Buy the f'n dip.
b)BBTFD- Beware buying the f'n dip.
c)WAD- What's a dip?
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Still looking for a retest of Dec lows based on my higher TFs and action in other markets but given the strength of the advance, the ship is close to sailing on that one. If we do get a PB to 2680 or so I'd likely be looking to buy for 2900.
 
Hooti said:
E. FYON/P - Follow your own numbers/plan

When I was just beginning and floundering, one time Volente had posted many wins in a row. So I thought I'd just copy his trades. Of course then he posted 3 losses in a row. Cost me a lot of cash. It was a good lesson to learn early on... there are no shortcuts.
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I would never advise copying me or anyone on this forum.


TET


Take
Every
Trade


If you know your trading plan has a positive expectancy then failure to take every trade will skew your results. You would be surprised how many traders struggle with this myself included. New traders often struggle with this because when a drawdown happens they tend to start tinkering with their system instead of letting the probability work out over time.
 
i always remember how so many busted following/listening to "big" pocket traders just prior to 2008. The whole year leading up to fooled us into thinking we locked into profits...

How many of us scaled in short only to have it strike one more high and bust our accoutns? :banghead:
 
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