ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Thanks, you also !
Current price 7842
LOD 7755.25
Can't say i'm overly pleased about that one!
haha!
Have a good weekend everyone! Back Monday for more fun and games!
You were bullish through a 600 point sell-off and now bearish when the market is rallying and making new highs.
I can't make up my mind if you're actually pulling everyone's leg here and having the time of your life or if you're actually serious.
Probably time to start considering a swing short then...
Maybe there's a language barrier since you have everyone confused at this point.
What's your definition of a bull and bear market? What time frame?
Have a great weekend, B1 ... hit 'em straight, and thanks for putting up with me here in your journal, the greatest financial publication on the world wide interwebs!
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Where did @mbondy 's post from yesterday go? Had a really good chuckle from that one. Funny and on point.
Seems like NQueerious continues badmouthing me in my absence, but I noticed his posts from yesterday were gone also. He seemed like a nice guy at first, but obviously have issues and can't handle anyone questioning him or being in disagreement.
50% retracements is trading 101 and really old stuff, so I'm surprised hearing people here not being familiar with this basic concept. I spoke of and used them in this journal 8 years ago and I'm sure countless others a million times before that.
Seems like NQueerious continues badmouthing me in my absence, but I noticed his posts from yesterday were gone also. He seemed like a nice guy at first, but obviously have issues and can't handle anyone questioning him or being in disagreement.
50% retracements is trading 101 and really old stuff, so I'm surprised hearing people here not being familiar with this basic concept. I spoke of and used them in this journal 8 years ago and I'm sure countless others a million times before that.
hiya. Yeah, that's what I try to do, tbh. Just wait for the A+ setups. Although they sometimes turn out to not be as A+ as i thought they'd be
When i've restricted myself to just 1 or 2 trades, I often find myself wanting to place trades but not taking them because of my rules, and them trades turn out to be trades that would have put me green which is very frustrating lol
But yeah, my stops are maybe way too tight for this market environment
As suspected, my last stop out lead too a hell of a rally seconds later. D'oh!
Cheers
If you would have - you could have.
Well - could you?
It's easy to think you're skilled when winning, but have bad luck when losing, but most often it's luck (randomness) on all counts.
It's probably not what you want to hear, but in the long run (or short run depending on trading frequency and leverage), you will most likely blow your account if you continue like you're doing. If you're sim trading - fine. If not - I'd recommend you to stop.
I also noticed you saying you were taking some other guys trades. That will never work out for you.
To trade successfully you need market knowledge and you need to find a way to put the odds in your favour. You need to be confident in what you're doing and you can't rely on anyone else. That confidence comes from market knowledge and a plan on how to utilize that knowledge. The next step is testing that knowledge in a live market (simulator) and acting on it. During this phase it's 100% certain you will notice a flaw in your methodology which will take you back to the drawing board for more studies. You'll likely to need more than 50% retracements.
You mentioned your guy trading off 'models'. Doesn't sound like a bad idea. Maybe spend a year or two building one yourself?
PS: A model can be many things. There are many traders not trading off charts or at least not basing their approach off charts. I've heard it's popular these days and been for a while now...
PPS: Particularly for a market like ES you can't have a low win percentage. On other instruments which generally have more momentum and better R/R you can do with a lower win percentage. Better to have to have it high anyway though.
OMG you're hateful. And you say you know only stocks?
P.S. How much for your magic pencil? I can bake a mean cookie.
Where did @mbondy 's post from yesterday go? Had a really good chuckle from that one. Funny and on point.
Seems like NQueerious continues badmouthing me in my absence, but I noticed his posts from yesterday were gone also. He seemed like a nice guy at first, but obviously have issues and can't handle anyone questioning him or being in disagreement.
50% retracements is trading 101 and really old stuff, so I'm surprised hearing people here not being familiar with this basic concept. I spoke of and used them in this journal 8 years ago and I'm sure countless others a million times before that.
My post was deleted? Lulz
Probably too real for NQueerious to handle.
His entire groupie is going to blowout 'trading' on his calls but that just adds to the entertainment value of this thread!
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