ES Journal - 2019/2020

[Relentless]

+12

Very nice

 

[hafez50]

Banks are weak every day it seems . Wfc is hitting or near new lows daily.Still a dribble down . One day soon they'll let the mkt fall with more authority .We've been up in the 2800-2900 for a long time now .

 

[Cessna06P]

wrestling at 2920 which way will she go?

 

[wiesman02]

Wish this would just drill but I know I’m asking too much

 

[Builder17]

I don't believe there is a plan. During the 1000 pt move down he lost 950 pts if I remember correctly (I just counted the stops he posted here, and even gave him the advantage of doubt if something was not 100% clear). So basically he can break even if we get back to ATH.

I called him out on this when he posted a while ago the move down cost him 400 points or so.
He never replied but just blocked me. So no idea what he has been posting for a while, but my guess would be: "Major move north coming up", "I love pull-backs in bull markets" and "Floor being constructed".

I know this is his journal and I don't want to spread hate, but when I see someone not being honest and possibly misleading new traders I speak up.

I understand your point. I think he has remained honest, although very committed to his views (right or wrong). It was difficult to go back and check all those trades because not all were updated when stopped, but the 400 point loss he wrote seems to be close to what it was from end of feb to end of march. There were some later large winners, and upon re-reading, a few of the losses probably could have been mitigated with stops moved to breakeven. But yes he was calling for only long trades during a very severe down move, which overall during that time was a losing endeavor, and probably even more so for many others. However the bull move since april has likely been very good to him as he remained long and support held many times since then.

 

[David's faith]

View attachment 227633

Not sure what the trade is but I'll leave this here for those who might be able to figure it out.​

I guess this means they bailout firms like GE without saying it.

 

[schizo]

I guess this means they bailout firms like GE without saying it.

Bond price moves inverse to the yield, so if Uncle Sam buys to drive up the debt then companies can refinance at lower interest rate. Sounds like a bailout to me.

 

[David's faith]

Bond price moves inverse to the yield, so if Uncle Sam buys to drive up the debt then companies can refinance at lower interest rate. Sounds like a bailout to me.

that is excactley what I said, @schizo

 

[schizo]

that is excactley what I said, @schizo

Oh, was that what it meant? Sorry, too damn early.

 

[EON Kid]

short NQ 9321.5 tight stop