ES Journal - 2019/2020

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Overnight said:
And the market was very strong at beginning of Oct 2018. That did not pan out well for bull contract holders on the Dec contract. Did it?
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Nope. Not at all. And in the last hundred years, its never went straight up. That's the risk one takes holding a near term futures contract on an index. What about the people that bought the June contract in early January.? Think they're bitching?

If you want to use your money to buy and hold, you buy good stocks cheap. Period. Noise happens. It always has. That's just the way it works.
 
vanzandt said:
Nope. Not at all. And in the last hundred years, its never went straight up. That's the risk one takes holding a near term futures contract on an index. What about the people that bought June contract in early January.? Think they're bitching?

If you want to use your money to buy and hold, you buy good stocks cheap. Period. Noise happens. It always has. That's just the way it works.
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Hmm, I do recall a tiny bit of action on the June 2019 contract back in Oct 2018, But two contract months out, you are taking a huge risk on the spread of the thing.
 
vanzandt said:
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If you want to use your money to buy and hold, you buy good stocks cheap. Period. Noise happens. It always has. That's just the way it works.
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And we have talked about this. Stocks simply cannot give the same returns as futures with no leverage. Stock require you to have hundreds of thousands in the account to make a living off of trading them. So I am stuck with futures.
 
Overnight said:
This one was not discussed beforehand. Nowhere in any reports was there even the slightest inkling that Trump would say that a trade deal is most likely off until after his re-election.
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Maybe not in black & white but many times Trump said that he's in no hurry to reach a deal. The speculation is that Trump wants to time a deal to happen just before the elections, and if a deal is not happening, then he's happy to chalk-up points with his though on China campaing leading up to the elections. This is one policy that his opposition can't attack so he'll flog it to the end.
 
Overnight said:
The night is young.
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Well of course, that's usually the case at 7PM. The good news is at least you've been afforded the opportunity to gtfo without the sting of the gap you were tearing your hair out over the other night.
Soooo lol... Whatcha gonna do now Kemosabe? What if you were right? :wtf:

 
vanzandt said:
Well of course, that's usually the case at 7PM. The good news is at least you've been afforded the opportunity to gtfo without the sting of the gap you were tearing your hair out over the other night.
Soooo lol... Whatcha gonna do now Kemosabe? ...
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Do what I try to do every night Pinky...

 
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