ES Journal - 2019/2020

[hafez50]

Hafez warned all this time was different . I'm sure plenty of traders tried bottom fishing all the way down today and got wiped out

 

[jl1575]

B1S2 is NOT trading sim. He has been here for years and if he has conviction either in trading or politics he sticks to it, not like other people flip-flop, and you got to respect that! By the way, overall he made good profits, if you go back to read all 15000 posts; if too lazy, then don't accusing him trading sim.

 

[Spooz Top 2]

Hafez warned all this time was different . I'm sure plenty of traders tried bottom fishing all the way down today and got wiped out

Nice call man... morning PA had all of the components & variables of a capitulation swing Lo bottom to be put in place... we still feel heavy
Here With Bear Market characteristics/ PA in place... which is orderly, significant selling... pancaking floor after floor along w quick, vicious rips north.....

 

[NQurious]

if too lazy, then don't accusing him trading sim.

I'm just having fun

 

[Noone123]

2500 is not even holding. Damn, massive panic never seen before. We haven't even seen the worst of the CV problem. Man, looking at below 2000 now. Damn. I lost all the gains and some so far. Small net loss, but history is in the making. Sitting this out for now.

 

[hafez50]

I Posted a subject that the Nyse should halt the mkt for a few days till cooler heads prevail .

 

[Buy1Sell2]

Long 2448.25 Initial stop 2370.00

 

[Laissez Faire]

Today was the largest drop in S&P since October 1987. That tells a lot. I'm sure Monday was up there, too.

Hope you guys crushed it today. Too crazy for me.

 

[wave]

Long 2448.25 Initial stop 2370.00

Easy 2810 target

 

[trading_jean]

B1S2 is NOT trading sim. He has been here for years and if he has conviction either in trading or politics he sticks to it, not like other people flip-flop, and you got to respect that! By the way, overall he made good profits, if you go back to read all 15000 posts; if too lazy, then don't accusing him trading sim.

I might be wrong, just hope for him I am not.

The thing I don't understand is: why keep on trying to trade against the trend with stops but without realistic targets? I did the math and since ATH at 3400 we are currently down 970 points. All trades combined the result since 3400 for B1S2 is -868 pts.

If the idea is that we WILL go back to ATH soon isn't it smarter to just hold and not set a stop? I mean: if you are in the market 50% of the time but take 90% of the losses chances are you will miss that one big 300 points rally you are trying to catch. It just doesn't make sense to me.