ES Journal - 2021/2022

[Laissez Faire]

That's quite the reversal off the lows.

Stopped out for 7 x 2 = 14 points while out.

If this turns into an Outside Day = no $$$ for me today.

Re-entered with 3 contracts on that bounce off the lows, so I might be able to cover my costs at least.

Varying bet size and not going all in at once is usually beneficial for me as I can take a few lossez on smaller size and make it back +++ later in the day.

My entries aren't consistently accurate enough that I can go all in/all out - with some exceptions.

 

[newbie463]

sizing positions is often a key concept!

 

[donnap]

That's quite the reversal off the lows.

Yeah, I shorted a 4 lot MES 4220P this morning ave price 18.00. That was around the 4220+ mark.

I don't mind posting difficult trades and I was ready to do so, but by the time I started to type it had already bounced back to 4220 off the lows.

I've legged in to a no risk spread, but so what, we're supposed to make money. And I'm not happy with my strat/strike selection.

I'm still practicing here for the real deal. Long time trader, but I suck at ES.

It's hard to beat ES option liquidity and expiry choices, though, which is why I am here.

 

[Laissez Faire]

sizing positions is often a key concept!

Keeps me out of trouble at times. Not a great day today, but well in the green thanks to not taking on my full size early on.

Yeah, I shorted a 4 lot MES 4220P this morning ave price 18.00. That was around the 4220+ mark.

I don't mind posting difficult trades and I was ready to do so, but by the time I started to type it had already bounced back to 4220 off the lows.

I've legged in to a no risk spread, but so what, we're supposed to make money. And I'm not happy with my strat/strike selection.

I'm still practicing here for the real deal. Long time trader, but I suck at ES.

It's hard to beat ES option liquidity and expiry choices, though, which is why I am here.

Day trading ES with accuracy on a consistent basis isn't easy.

I've considered some option plays eventually to profit on my broader predictions without needing the same accuracy as a day trade.

 

[Laissez Faire]

Possible trend day up on a break of 35.

 

[Laissez Faire]

Volatile 2 way action. Probably a good spot for hedging at these levels.

Not a trend day up at least - but I still think we can see a pop to 40 at least if we don't drop much below 27/20.

 

[Laissez Faire]

The last time ES / S&P printed a new ATH - a correction of approx. 200 points followed. Sell in May and go away, so some caution might be worthwhile here on the long side.

But first - we need that pop above 35!

 

[wiesman02]

3 straight days of chop. Thank god I’ve been on vacation and in wrong time zone. I take it the uncertainty is around the coming CPI data on Thursday ??

 

[Overnight]

3 straight days of chop. Thank god I’ve been on vacation and in wrong time zone. I take it the uncertainty is around the coming CPI data on Thursday ??

That is a darned good guess. You win the ET cookie-of-the-day. Plain of' shortbread unfortunately. (Come back Friday for a chocolate variety. I'm on Vaca starting tomorrow (but in same timezone, ahh well), but will be looking at the numbers of course.)

 

[NoahA]

3 straight days of chop. Thank god I’ve been on vacation and in wrong time zone. I take it the uncertainty is around the coming CPI data on Thursday ??

Can you even forecast the direction of the move if you knew the CPI data right now? If its high, will that make the market tank, or will it be bought up because nobody wants to stay in cash? Economic numbers, now more than ever, don't mean a damn thing. Bad numbers are good for the markets!