ES Journal - 2023/2024

[Laissez Faire]

You sure look like after a great effort you have a very good understanding of the ES market dynamics, and you have developed an effective system and a solid risk management skill.
One thing I particularly like your postings is you are honest and modest about your trades. Not like some others that are pumping up their ego and talk bullshits.

Thanks. Best to keep it honest in my view. Nothing gained either for myself or others to be telling any lies.

There's nothing silly or naive about the idea of trading for a living.

You just need to accumulate a large enough stake. And that's of course way easier if you don't need to take $2000 every month for expenses from a $20000 trading account.

Yes. In the past I've been short on skills and short on cash. Now I may have the skills, but still short on cash. I think that for long term success the key is to have enough capital where you can replace your alternative source of income, i.e., day job, with a fairly conservative return.

I've had a few good days lately, but I can't expect that to be the norm. For all I know it can be a lucky run.

So, will just keep plugging away with low expectations and see where it goes.

 

[Picaso]

Intel and Amazon way down

Wow, INTC down 17%... I had a long a short while ago, got out at BE

Edit: AAPL earnings at whateveryourtime:30 (in 5 minutes now)

 

[mervyn]

ai bubble busting

 

[NoahA]

Took a few longs on the way up here, but paper handed all of them for a point or two. This volatility is a bit too much.

Thanks for the honesty, and especially about the earlier gains you gave back before you started shorting.

Out of curiosity, why are you having your trades go to 5 different accounts? Does this mean that each time you enter 1 contract you are actually trading 5 in total?

 

[schizo]

till it breaks 5525 its a short

Today was just like a hot knife through butter.

 

[schizo]

Intel and Amazon way down

Wow, INTC down 17%... I had a long a short while ago, got out at BE

Edit: AAPL earnings at whateveryourtime:30 (in 5 minutes now)

AAPL earnings call is at 5 EST, so another 30 minutes from now.

 

[Picaso]

AAPL earnings call is at 5 EST, so another 30 minutes from now.

I think "the internet" messed this up, I also saw different times.

Just released, 8 dollar movement, looks positive, but you never know when "they" read the fine print

 

[schizo]

Out of curiosity, why are you having your trades go to 5 different accounts? Does this mean that each time you enter 1 contract you are actually trading 5 in total?

Dude, why ask the obvious? He has 5 different prop firm accounts and he's using a trade copier. C'mon, get with the program.

 

[Spectre2007]

NFP needs to come in strong to flip the deflation trade of rotation into bonds out of equities.

As I mentioned before recession has implied PE contraction. Core earnings in tech can’t miss AAPL may lead to short covering rally that is sold into.

 

[schizo]

I think "the internet" messed this up, I also saw different times.

Just released, 8 dollar movement, looks positive, but you never know when "they" read the fine print

AMZN is recovering a bit, but bejesus Intel's being gang raped. Just how bad was their earning?