1/2 at 00…. Stop at even on remainder
Flat at even… def hi risk CT move!
Flat at even… def hi risk CT move!
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
yest morning after pocketed 81 points, I opened long 2+2+4 contracts at average 4510 then took heavy losses at 4487, not my day.
Today total 30 contracts rt for 147 pts. I trade 2 lots per entry, target 4-5 points on average, double the position if the trend is with me, and ride to the first reversal candle. I rarely go short.
15 min IVB sell set up
flat here… as I don’t typically trade Friday afternoon session….
flat here… as I don’t typically trade Friday afternoon session….
so you calculate points by how many cars traded?
Bullys not giving an inch here… Bull pennant buildout…
Done here .. massage & lunch … Good luck All!
Net total points each day, as long as it is in the green I am happy. There is no fundamental analysis trading index futures, it is just a gamble with charts. I'd go with SPXL if I don't watch charts.
Wait so you think it's a gamble using charts? Fundamental analysis can be considered a gamble too, companies don't always trade in the direction of their news or earnings release. Also, not sure why fundamental analysis couldn't help on index futures.
Personally I don't use fundamentals, but for example let's say the charts are really bearish PLUS you have some major bad news or catalyst you're aware of. In that case fundamentals can be potentially useful but of course this is just my opinion.
index futures yes, commodity and rates futures no. the time frame and ticks we are looking at doesn't really tell much, high probability up or down, placing your bets.
I see, not trying to get into a semantics debate, so I could be technically wrong on the language I am using. However, I see a lot of people who win almost everyday and a lot of people who lose almost everyday. Factor that in with the term you used probability, even high probability and I don't really consider it gambling.
Gambling would be like putting it all on red or black(high risk). If you have actual statistics telling you based on like 20+ years of data that there is a probability of you being a net winner if you repeat it over and over to me that's not gambling, because it's not inherently high risk in that case.
To me high risk and relying on luck is gambling.