ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
B1S2, we are totally screwed until we see true capitulation and the Fed going "whoops we went too far and we did not know the data." I should know, I am long in the biggest drawdown in ET history...2300 (M)NQ points. I am not proud of this. But it is real, and I really hate it.
Hopefully a small percentage of TLNW.
TLNW? Don't know that acronym.
Oh, you mean Total Liquid Net Worth or something like that?
It's a bit larger than I am comfortable with. 2300 points is quite a large drawdown. Considering the time left for the position, it does not bode well. I think by the time middle December comes around, this trade will close at a loss but at least not as large as it is now. As a bull, I got caught up in the bear. Oh well. That's the way of the Fed.
Stopped out, and that usually means it will reverse now. (You know what I'll be doing, right?
)I don't mean to pour fuel on the fire, but why the hell did you not bail out earlier? Or use any stops?
Because of the action I saw during the June-Aug run-up. I thought it would continue when the Fed started talking.
I am just burned out on trading daily ranges, and I have been on a trend-following thingy for the past 6 months, and is has not worked out. I really thought inflation was licked in midsummer, but nope!