ES Journal - 2019/2020

[Noone123]

Need a few more big down days to bring VIX up to so I can sell. Above 70 VIX is easy money once we are near bottom.

 

[Sekiyo]

I never really know.
We assume until we get surprised by two consecutive 1 in a billion years event.

 

[hafez50]

Chop sucks . Chop means out of the blue you rip 20-30 pts in one direction out fo the blue . Todays a perfect example . Illiquid rips . You'll get chopped up

 

[schizo]

If you know we are in a chop or entering one, it's much easier since range is defined. In this situation, legging in and trailing out strategy will be effective.

That's the problem with chops. You never quite know you're in one until it's too late. That's why it sucks.

 

[Sekiyo]

Seller @ 2455

Filled
Upside: 2480
Downside: 2380

 

[Noone123]

Well, chop with the current magnitude is hard to trade. Small chop when VIX is down is more manageable.

 

[Buy1Sell2]

First headwind should be around 2510 as we head back up to at least 3330. It may not be a huge headwind as more and more folks begin to realize that this is not going to hurt much more.

 

[Buy1Sell2]

There are people who just got out that are going to be trying to buy at the top as they see the train getting away from them. I feel bad for those folks.

 

[Buy1Sell2]

You must sell early----if not, well-----

 

[hafez50]

I think your delusional my friend . Aren't you the one thats been taking some 15-20 pt gains and 50-100 pt loses? Of course if we run you'll have loaded the bottom .