ES Journal - 2021/2022

[Spooz Top 2]

3875 limit cover 1/2...

Took some significant pain by adding all the way up to existing position ... Gifted with that blow off top/ Hangman paid off in Spades.... Covered 3/4 here at 3875.... Last 10 cars to run....
Trailer set at 3931.....

Heavy Heavy.........

 

[schizo]

No you cannot. If you put a stop, let's say at 10 points, and the news makes the market move in one time 20 points, your stop will not be executed at 10 points. So you cannot determine the reward / risk.

Well, you're being too generous. ES spiked up 150 points 3 days ago in only 2 minutes. And, during Flash Crash, it literally crashed over 500 points in a blink of an eye. I have no idea how he can possibly say he would be able to manage his trade without losing an arm and a leg. Seriously.

 

[schizo]

I don't care how you make a buck. Schizo is pivoting from short to long all the time -- that's great! It's amazing actually. And I appreciate that. At the same time, I don't criticize him for doing that if it works for him.

Please understand that I'm not criticizing you or your trading style. I am criticizing, however, the blanket statement you make about trading right through FOMC and others with very little damage. That will never happen if you get on the wrong side.

 

[Cessna06P]

and out with 2 pts. should have choked up tight and flipped like schizo.

 

[SunTrader]

Still time left in the day for another move but I suppose triple-witch is holding things in check?

 

[schizo]

Still time left in the day for another move but I suppose triple-witch is holding things in check?

If we can successfully push above 3880, we could tag 3900 by the close.

 

[mervyn]

add equal size long as yesterday.

mmm, 20 points for today's long got filled, seems xmas rally is happening.

 

[Cessna06P]

bets on 3900 before close?

 

[SunTrader]

SPX max-pain is 3880

 

[formikatrading]

Time stops. Remember, I'm not day trading like some of you so position sizing and time come into play, not just price.

No you cannot. If you put a stop, let's say at 10 points, and the news makes the market move in one time 20 points, your stop will not be executed at 10 points. So you cannot determine the reward / risk.