ES Journal - 2019/2020

PoopyDeek · Apr 2, 2020

hafez50 said:
A ton of shorts pushed hard today thinking we'd break into the 2300's and got ripped. It seems the worse the news now the harder it is to fall. I'm suspecting its because the whole world is short

lol you know what they're thinking, sim-boy?

#prepaid

trdes · Apr 2, 2020

Noone123 said:
Like I said, B1 will have his glory days.
Alot of support at 2450...could be a base here, but much higher than expected. Probably need to look confirmation. This could swing both ways hard. Looks like a temp range from 2450-2650.

The way he trades is good and overall a solid tactic. I know someone who trades similar and they do very well. Do not think it's clear to everyone though that to trade that style generally speaking you need years of profits behind you, as well as a pretty big bank roll, particularly in this environment.

It requires the ability to hold at least one contract if not multiples through big swings, in order to ultimately sell it a lot higher.

Noone123 · Apr 2, 2020

trdes said:
The way he trades is good and overall a solid tactic. I know someone who trades similar and they do very well. Do not think it's clear to everyone though that to trade that style generally speaking you need years of profits behind you, as well as a pretty big bank roll, particularly in this environment.

It requires the ability to hold at least one contract if not multiples through big swings, in order to ultimately sell it a lot higher.

Its fine for a uptrend bull run.

theapprentice · Apr 2, 2020

I couldn't personally be buying from 3400 all the way down to 2200, but if it works for someone and he can afford that sort of adverse move, then that's cool

PoopyDeek · Apr 2, 2020

trdes said:
The way he trades is good and overall a solid tactic. I know someone who trades similar and they do very well. Do not think it's clear to everyone though that to trade that style generally speaking you need years of profits behind you, as well as a pretty big bank roll, particularly in this environment.

It requires the ability to hold at least one contract if not multiples through big swings, in order to ultimately sell it a lot higher.

oh plz. He's down like 4K points on spooz from inception.

schizo · Apr 2, 2020

trdes said:
The way he trades is good and overall a solid tactic. I know someone who trades similar and they do very well. Do not think it's clear to everyone though that to trade that style generally speaking you need years of profits behind you, as well as a pretty big bank roll, particularly in this environment.

It requires the ability to hold at least one contract if not multiples through big swings, in order to ultimately sell it a lot higher.

What you don't realize is that he's been singing the same refrain throughout the entire time the market was falling off the cliff.

Buy1Sell2 · Apr 2, 2020

Buy1Sell2 said:
Long term floor being under construction here in the 2450 area. If completed, it would constitute the first step up from The Izzy Bottom.

Buy1Sell2 said:
Floor construction continues here. We had a nice long overnight , but we are not quite ready for extended upside gains here prior to RTH. I believe we'll fester a bit and then head higher if we are going to. ---I believe we will.

Yep-----First step above the Izzy Bottom complete. I did notice that numerous individuals across the board began talking about 2450 well after the fact. Za-Zing.----Ishmael.

hafez50 · Apr 2, 2020

He's telling you on a forum he trades like this . 1000-1 he gets scared out of his positions many times with big loses . This is a fantasy board were few ever lose money. We all know thats bs and what reality is . Our emotions play a big part of trading .

BeautifulStranger · Apr 2, 2020

In retrospect, should have followed my rule of trading on the side of the RTH open. In addition, I was not clear in my mind which time frame I was going to trade early on. I will adjust my 'fly according to tomorrow's action after the open, from hedging it to closing it to maybe adding on.

Overall, think some kinks are worked out on the IBKR Mobile Platform. The option chains load way too slowly and I can't see prices in volatility, potentially handicapping the structuring of my option trades. Probably missed out on an opportunity to incorporate a cheap IV horizontal for my long NTM leg.

At least I will have my real computer for Monday's trading.

Judging from the posts of others, y'all done this trading thing before, haven't you?

trdes · Apr 2, 2020

PoopyDeek said:
oh plz. He's down like 4K points on spooz from inception.

Than I stand corrected if he's been saying the same thing up at the highs as now and hasn't posted PnL to set the record straight.

None the less the overall principal of what he's doing is a plausible strategy if done correctly as I personally know and have watched someone trade that way and be extremely profitable day in and day out for years.