ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Yes, the -80.00 pt intra-day stop out at 10x leverage would offset a +400.00 pt "swing long". And that was just one day in the midst of numerous smaller stop outs. IOW, there is no possible way to make the math work when factoring in the huge intra-day blow out trades. You know this, obviously, but it seems no one else factors in b1s2's own b.s. "leverage factor".
Looking now for 2493 to act as new support should we get down there (2501 pricing right now).
You cannot ignore the stop when it suits you. You were posting, as if you were long, without a mention of the stop. We traded 52.
To be clear, I am not a fan of B1S2 trading style and methods.
I've had these discussions with him before.
1) He has stated that he removes stops overnight. It was not clarified when exactly he puts them back on.
2) the 10x leverage B1 bs... Agreed, he has some ridiculous method. My understanding, which might be wrong is that his "10x" or "3x" or whatever is based on nominal value of the contract (how silly is that!!). So if the nominal of ES is say 50K, 10x leverage means he has allocated (only, lol) 5K of his trading funds for putting on one contract. It's totally different (and stupid, imo) than how a short-term or intraday trader would use leverage.... he has zero interest in "getting a feel" for shorter-term trading no matter what he says.
Like I said... not a fan of B1S2 trading style or methods. But he's been around these here parts for some time, like me... it's a Cheers (TV show/bar) kinda thing for me. I should probably make a new handle for myself... Cliffy or Paul. LOL
I've had these discussions with him before.
1) He has stated that he removes stops overnight. It was not clarified when exactly he puts them back on.
2) the 10x leverage B1 bs... Agreed, he has some ridiculous method. My understanding, which might be wrong is that his "10x" or "3x" or whatever is based on nominal value of the contract (how silly is that!!). So if the nominal of ES is say 50K, 10x leverage means he has allocated (only, lol) 5K of his trading funds for putting on one contract. It's totally different (and stupid, imo) than how a short-term or intraday trader would use leverage.... he has zero interest in "getting a feel" for shorter-term trading no matter what he says.
Like I said... not a fan of B1S2 trading style or methods. But he's been around these here parts for some time, like me... it's a Cheers (TV show/bar) kinda thing for me. I should probably make a new handle for myself... Cliffy or Paul. LOL
Last edited:
Either way, 10x leverage is 5x the size of his 2x leverage position trades. The numerous big time stop outs in high volatility cannot overcome the math. (i.e. a long only trader in a low vol market might take months to recover what he loses in a matter of hours when markets are trading like they've been the past few months).
Yes--have stated numerous times that due to the thin market in afterhours, I do not have a hard stop. I revisit it during RTH and analyze whether the stop will be good. If above the mental stop like we were today, I put it back on at RTH opening. If below the stop, I analyze and see if it looks like we'll have a rally. For example, today if we would have been below I could easily see that a rally was in the offing and would let it run higher. --Most of the time though it hasn't printed and I just re-enter it the same or raise it (if I am long).
- Status