ES Journal - 2019/2020

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schizo said:
I dunno man, it just felt bearish. First, we sold off at the open and then chopped around at the bottom not making much progress. My trading philosophy has always been "what doesn't go up must come down" and vice versa. Hope that helps.
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I guess what you mean is you put in the hours and got rewarded with gut feeling.

'What doesn't go up must come down' does not really help. I understand what you are trying to say, but in that spot 'what doesn' t come down must go up' was just as applicable for me. If that makes sense.

Anyway, nice call and thanks for your effort to explain :thumbsup:
 
I'll be very interested in others' insight as to that last hour selloff. It was a clean break down that cut through several price levels like they weren't even there. Is there a macro event on the horizon?


EDIT: Didn't @vanzandt said earlier that we are climbing the stairs up but taking the window down "with a view"?
 
schizo said:
Never thought about that. Thx. :thumbsup:
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DarthSidious said:
Just get a UPS man. $200+ would get you a nice one, enough to run your laptop & modem for a while

Already a overkill: https://www.newegg.com/apc-smc1500c-nema-5-15r/p/N82E16842301597?&quicklink=true

or any of these (just get a nice brand)
https://www.newegg.com/p/pl?N=100160974 600013484&Order=BESTMATCH
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I don't think those things last very long, depends on what you run, but 10 minutes might be the max with a PC.

If it happens a lot, and you want an uninterruptible power supply, something that'll power a desktop, a good sized monitor, and your modem for the whole trading day if the power goes out big-time... this sounds a tad redneck I know, but you can build one yourself.

Here's less than $250, and it will easily last 10 hours.

Get a sealed (for indoor use) deep-cycle marine battery
https://tinyurl.com/y73k8j43
A decent 1500 Watt inverter
https://tinyurl.com/y8p2c746
And a small 12v car battery charger.
https://tinyurl.com/yblrfx6g

Put them out of the way, just plug your equipment into the inverter and keep the trickle charge on the battery.
That's an uninterruptible supply. It'll protect against any surges too in the event of a lightening strike or something.

If you don't care about having to re-boot your PC and then reloading your trading software if the power goes out, that takes a few minutes, you can just eliminate the battery charger and keep the inverter and the battery out in your garage. You're pretty quick fingered so that extra few minutes might matter to you. Either way, spend a couple hundred and you'll never have to worry.
 
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