The worst case scenario is 4.2% drawdown for the next 107 calendar day, and/or higher than ATH thereafter. So put more money to buffer the 4% drawdown.
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ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
The worst case scenario is 4.2% drawdown for the next 107 calendar day, and/or higher than ATH thereafter. So put more money to buffer the 4% drawdown.
Definitely got some oversold readings on ES but I liked silver chart as of close yesterday so focused there now as it looks like better long play for today. Not pushing long side on ES yet as I view monthly / weekly charts working against it for now.
With All due respect.... that`s one hell of a drawdown that could have wiped you out in exchange for a 1K profit... reevaluate you R:R brother!
Hey -- don't want to hijack the ES thread but here is the other stuff I'm trading if anyone else is also looking at these markets:
Yo brother glad to see you still alive and kicking! Good to see you back!
Haha misunderstanding is all. When I said "wait" i meant sit on my hands from the morning session. There were plenty of other trades though.
Yes I put on cl long and zn short yesterday, target 50-70 cents movement.
A bit of an inverted hammer pattern on the ES as of close yesterday and breadth got pretty oversold as of close too so expecting a much better chance of ending in the green today.
Custom oversold indicator for S&P 500. Really oversold as of yesterday's close. If we don't bounce here, that's telling us something.
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Nice trade on oil -- I had my eye on it too -- figured it would bounce back fairly easily given its stronger uptrend but got focused on silver.