ES Journal - 2019/2020

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SPYgrain said:
can it pullback to 10 ?
prolly not
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would have been good to add long to there, but with such a strong opening range unlikely to pull back to those levels

ofc after testing / breaking HOD...its a different scenario
 
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Cessna06P said:
I would like to take a poll of you guys about where you place your stop loss orders when you initially enter an ES trade. I usually make mine 8 ticks away from the entry so I lose $100 per contract if it goes against me. I have a real aversion to losing money but paradoxically I think it is costing me big time by getting stopped out too quick. I did 6 trades today with only 1 small winner. I analyzed them and noticed that if I put my stop loss at 16 ticks away from entry I would have had 5 eventual winners without getting stopped out. So I am going to implement this new policy. I am curious what all of you think and do. Thanks!
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I appreciate all of the advice and input posted on this all confirming that I have been too choked up on the bat. If I cannot take a trade and lose a couple of C notes on one contract without letting it get to me I shouldn't be playing this game. That being said it helps if you are playing with the house's money. Around 8:00 last Monday evening I had place two advanced orders to short ES just before Trump's guy made a comment on the China deal just through blind luck on my part. They were violently filled and followed down, flipped long a rode a ways up making about 5K in 40 minutes. Where else can you have such fun?
 
Cessna06P said:
I had place two advanced orders to short ES just before Trump's guy made a comment on the China deal just through blind luck on my part. They were violently filled and followed down, flipped long and rode a ways up making about 5K in 40 minutes. Where else can you have such fun?
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Nice trade.....but playing the news ? Whew, that could be wicked...both ways. Heck, if you want, you could play it every day at 3:50 PM with the MOC report.
 
syswizard said:
Nice trade.....but playing the news ? Whew, that could be wicked...both ways. Heck, if you want, you could play it every day at 3:50 PM with the MOC report.
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No sir. I had no idea why it happened. It was just blind luck. I agree with you on watching certain times. That is why I mostly pay attention to ES. There is a rhythm to it. For example if you buy right at the close it will go up more often than not.
 
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