ES Journal - 2019/2020

[speedo]

NQ has quit because of him

Just came to the conclusion that ET was largely a waste of time and effort.

 

[speedo]

Explains all. Thx.

Take what you hear in here with a grain of salt unless you've verified.

 

[virtusa]

Just came to the conclusion that ET was largely a waste of time and effort.

Hopefully for you not from start in 2003...

was? or still is?

 

[David's faith]

Take what you hear in here with a grain of salt unless you've verified.

Will do.

 

[speedo]

Hopefully for you not from start in 2003...

was? or still is?

ET needs to be taken in measured doses. There are some good people and some legit traders but there is also a large population of frauds, trolls and bullshitters. Whether it's worth it is up to each of us. For anyone still learning to trade, one must decide how time and effort are best spent.

 

[EON Kid]

Possible short opportunity near 3505 with stops above.

I think it will be lucky to sustain anything over 3430, until then down bias with 3360 target

 

[Buy1Sell2]

I think it will be lucky to sustain anything over 3430, until then down bias with 3360 target

I'm staying long both ES and financials----I await my profits----muhahahahahaha

 

[Buy1Sell2]

no he didn't, he just changed his name to Gaslight capital.

Not sure why folks have to change their names or have multiple nicks. I have had one moniker and one alone for 14 yrs.

 

[EON Kid]

Interesting to note the Industrial Select Sector XLI Fund is testing the recent highs
Top Holdings
Fund Top Holdings as of Sep 15 2020
Name Shares Held Weight
Union Pacific Corporation 3,461,663 5.86%
Honeywell International Inc. 3,580,459 5.04%
United Parcel Service Inc. Class B 3,592,002 4.85%
Lockheed Martin Corporation 1,258,965 4.14%
3M Company 2,934,348 4.09%
Raytheon Technologies Corporation 7,503,079 3.86%
Boeing Company 2,734,909 3.74%
Caterpillar Inc. 2,761,113 3.43%
Deere & Company 1,596,018 2.88%
CSX Corporation 3,905,019 2.62%

 

[Buy1Sell2]

No, but nor did it "explode" up. There was no "massive up-move".
I pointed out last month that the options pretty much have it range-bound for the next 12 months at least and like I said, those guys don't give away money. Most of the time at least.

Not that it matters B1, but I think by definition "trades" are short term. If you think xlf is one for the IRA and not to be touched for the next 10 years, you should designate it as such. But to say something like:

"The massive upmove in financials that had it's beginnings last week is now afoot and is ready for an absolute explosion upwards."

... and 2 months later it hasn't budged.... in this case, you were wrong and I was right... as I told you from the start it was going anywhere, up or down.

We're traders here. If I make a stock pick for granny, I designate it as such when I write it. This was a trade, and it never came to fruition. Own it B1, you were wrong. You've made some good calls, but this one wasn't one.

I'll issue a proper wahoo at a time of my choosing.