ES Journal - 2019/2020

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I don't really follow him but i know when we were dropping and he'd see a little strength he'd go long with a 50-100 pt stop if i recall. But again that will work well on the long side after a huge drop as most of the time you'll get big rally's. but i ask each trader this question. Can you take the heat of being down 50 plus handles before being right? Most can't . This is more of a holding overnight type trading were most guys on here intraday trade. Its not my personality to let trades go against me that much . If it works for somebody great . 100 ways to trade
 
Builder17 said:
B1, do you think the way you trade could be automated?
Also as an ES trader, how much significance do you give (if any) to other indices hitting probable targets before ES? (i already know you don’t believe in scaling out.)
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Yes. It certainly can be automated as it's very specific as to criteria needed to buy and the stop out areas are mathematically calculated.
 
Builder17 said:
If I remember right in late feb, early march he was assuming normal support would hold but traded with some large stop outs because of the extremity of the sell off going deeper to hit multi year lower zones. The stops probably could have been tighter if trading from the long side during then. I have no doubt a lot of people got it very wrong during that time period with too much leverage as well. From what I read, he doesn’t average into losers. However once you recognize why he chooses certain areas to enter and exit I think it becomes more clear that there is a plan.
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Somebody gets it folks. In addition, I am not letting my large initial stops get taken out. They are simply there to allow for the trade to work and I am out well before big losses.
 
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