ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Usually a hard drop puts in V rally and rips up
Lets see if the pattern continues
Lets see if the pattern continues
Your trades have been extremely profitable the past month. So don't you expect to be caught at least once on the wrong side where even after a scale-in it continues to go against you?
Added some.
Risking 2,5 points targeting 4210 into the Close.
EDIT: Stop B/E now.
I think he's among those who never continues to 'believe'. I do at times wish I was one of those.
I'd be curious about position size, too. I know I couldn't have held through a 200 point drawdown with my position size.
i expect a very bad day or 2 per month. But i'm confident in always coming out green. Even today i'd be green overall if I was to eat my loss on ES here (thanks to my dow longs today!). Not that i intend to close it here!
I wish I was one of those as well. I do believe that that "math" of scaling in and buying dips works very well in a bull market, which we are clearly in. When the change happens, it will be interesting if switching to shorts is prudent. But bear markets of course also have the "rip your face off" rallies, so you can probably make it as a trader just going long in any market condition as long as you wait for good entries and have diamond hands.
I think its highly unusual for these markets to be so out of sync. I notice that YM had heavily dropped from its high though, but if you had some good profitable longs in there to offset the longs in ES so far that are losing, then that is awesome!
Fair point. If trading only one side - the long side it is.