ES Journal - 2019/2020

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Buy1Sell2 said:
I think it would be easy to drop back and fill this cash gap. Although, it could be argued that there has been no gap as we just recently traded in that area on the way down. Still, it wouldn't surprise me to see a pullback and floor construction.
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Buy1Sell2 said:
--and it IS happening. I would think though that we could get by with only another 30 or 40 pts down into mid 2600's to be able to solidify.
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BINGO
 
hafez50 said:
Yes i agree but in these never seen before times even when the trend is up like now you get huge air pockets to the downside like yesterday near the close that stop you out . The question is even when the trend is up the mkt can still easily stop you out . Thus in these times if your intention is to hold for a few days you must have very very wide stops are the whipsaw will take you out. Brother there's 100 ways to trade . As i've said many times thats why posting trades as some do is for ones own self check . Nobody should ever follow another's trades . You must find the trading that fits your personality . What's your tolerance for holding a position running against you? What's your profit objective? You might have a $100k account and i have a $10k account thus i have less room for error thus my stops must be tighter . Just an example of what each trader must think about when developing their trading plan. Yes i'm usually a 7-15 pt scalper. If were heading straight down like yesterdays close some times i'll get 30 or more pts
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There is no way I could trade this stuff with any kind of size.

This thread has maybe what, a dozen or so regular posters... but I'll tell you what, there are tons and tons of people at this very minute trying to trade this stuff... and 9 out of 10 of them will lose money bigtime.

All these retail schmucks out there trying to trade the ES or NQ... pfff... they're all going to get wiped out.

Now B1 however.... big money B1 with his Dubai accounts and all... he can absorb 200 point stops and wait for months to be right, but most retail players aren't in that league.

This uptrend however was a goldmine for stocks. It was an opportunity that comes along once in a blue-moon. Tbh I wish was playing with a 7 figure account, because I would have killed it. Shit like MCD @ $132.... I mean all these online education things geared towards newbies are about forex and the ES etc.... dumb. Its no wonder 95% lose money.
 
vanzandt said:
There is no way I could trade this stuff with any kind of size.

This thread has maybe what, a dozen or so regular posters... but I'll tell you what, there are tons and tons of people at this very minute trying to trade this stuff... and 9 out of 10 of them will lose money bigtime.

All these retail schmucks out there trying to trade the ES or NQ... pfff... they're all going to get wiped out.

Now B1 however.... big money B1 with his Dubai accounts and all... he can absorb 200 point stops and wait for months to be right, but most retail players aren't in that league.

This uptrend however was a goldmine for stocks. It was an opportunity that comes along once in a blue-moon. Tbh I wish was playing with a 7 figure account, because I would have killed it. Shit like MCD @ $132.... I mean all these online education things geared towards newbies are about forex and the ES etc.... dumb. Its no wonder 95% lose money.
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I 100% agree. 95% of true day traders go broke . 95% of es traders at this moment would be much better off trading the mes as there account size is probably $20k or less . The scaling technique on people with smaller accounts is wicked on the mes with this volatility . When the whipsaw was 30-50 pts in minutes i went to 3-5 mes at a time to get 10 times better avg prices
 
Since the open i've hit 2 shorts for 10-15 pts today. I've faded the moves above 80. I never got full scales on as we never ran enough. Even though the mkt's much slower today there's still trades to do.But because of the slow action and upwards bias i'm looking to scalp long more than shorts on pullins. Shorting a slow mkt much tougher
 
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