ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
https://www.bloomberg.com/opinion/a...trials-broke-through-40-000-it-doesn-t-matter
The Dow Hit 40,000. It Doesn’t Matter.
The stock index’s bizarre methodology overrepresents some component companies and underrepresents others.
4 ym scalping today, nothing to write home about, all were shorting the red 3 minutes candle. but i did open a carry position at 40156 yesterday, hope it would retrace a quarter percent in the next day or two. fingers cross.
Yeah, it's a real scam. An index should be representive of the overall health of the market. But all 3 major indexes only include the best performing stocks (or are given the most weight). No laggards, period. And as soon as any one of them underperforms, it gets replaced by another "leader". So in the aggregate, these indexes can only go up. Shame, shame.
all indices should be equally weighted, to avoid manipulation, like nyse composite and shanghai h share composite.
dow is weighted by price, unitedhealth weights more than microsoft.
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Friday was monthly options expiration and no big movers on the horizon today except a few FED speakers.
Looks good for a 5360 touch in RTH, but may see a pullback to Friday's Close first.
Longed 33.50 with small size as the entry point is not ideal. Will stop out for a small loss around 31 and see if I can get a better entry point and then add a bit from there if price moves in my favor.
If not stopped and the market runs on the RTH Open, will look to add on rising prices then.
Looks good for a 5360 touch in RTH, but may see a pullback to Friday's Close first.
Longed 33.50 with small size as the entry point is not ideal. Will stop out for a small loss around 31 and see if I can get a better entry point and then add a bit from there if price moves in my favor.
If not stopped and the market runs on the RTH Open, will look to add on rising prices then.
Moving stop to 33. 0.5 point risk for a potential 26.5 point gain (5360). I can afford to be wrong a few times.
Tempted to add, but don't like to be aggressive on the long side when we drift too far from the RTH Close as we're vulnerable for a PB. Waiting for RTH for further entries if any.
The squeeze continues...
Tempted to add, but don't like to be aggressive on the long side when we drift too far from the RTH Close as we're vulnerable for a PB. Waiting for RTH for further entries if any.
The squeeze continues...
Stopped for a 2 tick loss. Looking for re-entry. Same play. Hopefully at better prices.
L 29.
Putting stop at B/E. Can't say for sure if the PB is over or if we drop further in RTH, but will be around for a re-entry if stopped.
EDIT: Stopped B/E. Looking for re-entry, but may wait until RTH.
EDIT: Stopped B/E. Looking for re-entry, but may wait until RTH.
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