ES Journal - 2019/2020

[Laissez Faire]

2 ATR 14 on a 5 minute

Fairly huge stops, then.

I suppose that's what it takes. I did fairly well 1st 4 days of last weeks using relatively tight stops (3-5 points). Not so well on those today.

 

[NQurious]

Fairly huge stops, then.

Last trade had a 22 point stop and a 99 point target - got to within 93 points and closed with 81. Crazy.

Wish I had the stones to trade regular size so I could buy a bunch of congressional seats like Bloomberg.

 

[Buy1Sell2]

New floor of 2985 holding. Looks good.

Yep

 

[Laissez Faire]

Last trade had a 22 point stop and a 99 point target - got to within 93 points and closed with 81. Crazy.

Huge, but obviously worth it considering the reward. What size stop could you have gotten away with?

The afternoon pullback allowed for a fairly decent low risk long entry if one timed it correctly. But for sure - one needs larger stops in this environment.

 

[speedo]

Yep, ya have to supersize everything in this environment...except size.

 

[Nighthawk]

Last trade had a 22 point stop and a 99 point target - got to within 93 points and closed with 81. Crazy.

Wish I had the stones to trade regular size so I could buy a bunch of congressional seats like Bloomberg.

In times of high vola, it is a prudent thing to decrease "regular trade size"....

 

[Nighthawk]

- G7 Now Drafting Statement On Coronavirus Response For Finance Leaders To Issue Tuesday Or Wednesday

- Statement As Of Now Does Not Include Specific Language Calling For Fresh Fiscal Spending Or Coordinated Interest Rate Cuts By Central Banks - RTRS Citing G7 Source

 

[schizo]

We'll likely revisit 2900 before popping back up to 3150.

 

[Nighthawk]

We'll likely revisit 2900 before popping back up to 3150.

Watch the Put/Call Ratios on CBOE:

Does this look like "panic" to the downside?

 

[.sigma]

In times of high vola, it is a prudent thing to decrease "regular trade size"....

Really? I approach it almost the exact opposite. The $VIX and my buying power are highly correlated, more magnitude and I increase my buying power.