ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Fawk. Stopped for 40 points of profit at 5490. Played this casually with familiy visiting, so guess I should be content. Not too late to hit 5535, but it’s getting late…
Thanks, mate. ES.
Thanks, mate. ES.
It will get to the 470s. They painted a doji today. This thing is more manipulated than you realize. It should have no problem. Eventually will fill 480 gap.Tons of earnings and fed to pump it next week. This was not a great down week minus Wed. Only could do 3/5 red days. Pathetic.
Dude.
Your target is 1% away. That's hourly vol. You're thick (not thicc).
And WTF quotes the market in Qs?
There is a difference. If I was trading at a fund, I am being paid handsomely. So yes, I would most eagerly deal with the negativity at work. You can put with up with a lot of BS when you are being paid to do so.
This is EliteTrader. v-shape-0DTE gets paid nothing even though he spends his time and energy posting. And on top of that he has to deal with snarky replies from bitter losing traders?
Nah bro. If that's the risk reward ratio, I am definitely not taking that trade.
Nobody can fault you for ignoring posters or avoiding content you feel is not beneficial.
Wait a minute. Are you suggesting @v-shape-0DTE should get paid for his posts?
While I actually like his posts and he's been right during the prior euphoric bull run, he's also been wrong as I'm pretty sure he's said quite a few times that this market is incapable of dropping. Well, NQ sold off 2033,50 points off all time highs now which is close to a 10 % drop.
A leveraged trader who kept buying the dips on the way down could easily have blown up during this sell-off.
And even the prior bull run required a small amount of finesse to navigate as there's been some solid dips along the way and you couldn't just buy blindly without a stop. Investing with no leverage is a different matter.
As for this journal, for me, it's more like social hour for lonely retail traders. I don't expect too much from it beyond that. If people are paper trading, that's fine with me.
If July closes red it will be the first red July since 2014 (- 1,51 %). Over the last 20 years only 5/20 closed red.
Friday's close was pretty much unchanged for the month on SPX (- 0,03 %). The last time (2015) we saw a similar monthly pattern we rallied into month end.
So, maybe we'll move higher into FOMC on Wednesday which also marks the end of July.
Not a prediction at this point. Just thinking out loud. My hunch is that this correction is not over yet, but admittedly, it's just a hunch. With NQ down nearly 10 % - maybe that's enough to entice at least a small rally.
Can't believe I'm doing all this for free knowing I'll get snarky replies. LOL.
Friday's close was pretty much unchanged for the month on SPX (- 0,03 %). The last time (2015) we saw a similar monthly pattern we rallied into month end.
So, maybe we'll move higher into FOMC on Wednesday which also marks the end of July.
Not a prediction at this point. Just thinking out loud. My hunch is that this correction is not over yet, but admittedly, it's just a hunch. With NQ down nearly 10 % - maybe that's enough to entice at least a small rally.
Can't believe I'm doing all this for free knowing I'll get snarky replies. LOL.
Can't believe I'm doing all this for free knowing I'll get snarky replies. LOL.
Well I definitely appreciate the time and effort you put into providing valuable statistics. There isn't much high value content on ET like there used to be ages ago, so it's nice to see some still exist on the regular.
As an aside, I always wondered why most that eventually achieve consistent positive expectancy over time never teach or pass down their knowledge to anyone (even if it's just a family member or close friend). Seems like such a waste - kind of like how a lot of high level knowledge and abilities die when older generations pass now. But from the few I've talked with, they've said their attempts to pass it on have led to the people they tried to teach trying to tell them they are wrong, etc. etc. SMH...
Anyway, keep posting. Surely I can't be the only one that pays closer attention when you make posts. The snarky ones are clearly jealous and envious - as they should be.