ES Journal - 2019/2020

Status
Not open for further replies.
Couldnt close the position, I was sitting there tearing my hair out and thinking it would retrace back,
Got it....you had wishful thinking instead of discipline. Imagine if you had closed the long position and reversed.
Dramatically different outcome.
Many times I find myself having to immediately reverse my position after getting stopped-out. It's counter-intuitive, but works most times than naught...However not always....as there is always the potential for "whipsaw"....thanks to the price action from the algos. Totally risk/reward here....as stops are incredibly important. Best to take several small losses than a big whopper.
 
ES but via CFDs instead of futures.

Indeed. I bet you didn't like looking at it's eventual retrace 3 weeks later. As syswizard mentioned, if you had reversed the position, you would have been wiped out, instead of having a bit of yer cash left.
 
Status
Not open for further replies.
Back
Top