ES Journal - 2021/2022

[schizo]

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!

First, I feel your pain. But allow me to state the reason you got burned. It's because you placed too much trust in the fundamentals and not enough on the chart. As I told you before, on countless occasions, those fundamentals are already factored in the price. Had you followed the chart, you would have gotten out without a severe blow.

 

[Overnight]

First, I feel your pain. But allow me to state the reason you got burned. It's because you placed too much trust in the fundamentals and not enough on the chart. As I told you before, on countless occasions, those fundamentals are already factored in the price. Had you followed the chart, you would have gotten out without a severe blow.

I am not out, however. Time is the only edge I have at the moment, and I am exploiting it to full measure.

 

[schizo]

I am not out, however. Time is the only edge I have at the moment, and I am exploiting it to full measure.

So you plan to hold indefinitely? Well, we might get a relief rally in the coming days since we've fallen so much. But that's still a bad habit to foster as a trader. Dunno how long you've been trading but you need to kick the bad habit pronto or you'll likely go the route of 99.999999% of failed traders.

Anyway, good luck!

 

[Overnight]

So you plan to hold indefinitely? Well, we might get a relief rally in the coming days since we've fallen so much. But that's still a bad habit to foster as a trader. Dunno how long you've been trading but you need to kick the bad habit pronto or you'll likely go the route of 99.999999% of failed traders.

Anyway, good luck!

It is all here,


https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/

 

[schizo]

I realize we touched the June low, but for me, I don't see a bounce off the June low as was suggested earlier----

View attachment 296171

But didn't you say you were LONG and you believe the market will eventually head higher in the interim?

 

[schizo]

It is all here,


https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/

Nothin'. Too much Fed/inflation shit going on.

View attachment 295272

Man, I don't wanna come across as preachy, but ($3,353.50) is HUGE for just 1 measly contract of MNQ. Imagine you did that for NQ? It's always better to cut your losses at the bud when it's manageable, before it gets out of control. That way, you give yourself another chance and another day to trade.

 

[Overnight]

Man, I don't wanna come across as preachy, but ($3,353.50) is HUGE for just 1 measly contract of MNQ. Imagine you did that for NQ? It's always better to cut your losses at the bud when it's manageable, before it gets out of control. That way, you give yourself another chance and another day to trade.

It is actually about 4500. But I have my reasons.

 

[schizo]

Short 31

SL 64

If I'm correct, it should rally up to 64 and reverse. Believe me, I'm your trusted contra-indicator.

Are you long yet? Hello, you listening?? We're going up.

 

[schizo]

It is actually about 4500. But I have my reasons.

What reason can that be? "The fundamentals are still sound" reasons?

 

[Overnight]

What reason can that be? "The fundamentals are still sound" reasons?

History. I am thinking of Q4 2018.