still holding my spy long lol. Haven't let them shake me out with the drops. Confident that the rip up will be way way bigger than the drops and the 'V' is always just a matter of time lol. (famous last words?!! haha)
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
But it's also so much easier said than done, don't ya think?BTW they bring in the money for you by taking the other side. So don't be complaining too much.
I don't know if it's easier said than done to be honest. Just keep it technical and leave the political discussions and convictions for after market close is my advice.
at target area now (533.77 pre market), but i think i'm gonna hold her for another ramp. 537 ish maybe (so another 35 ES points up or so?)
Main play today is to BTFD on the RTH Open. The tricky part is that we may not get much of a dip, but a 10 point dip would be nice.
There's a chance this could revert back down, so have to be prepared for that as well, but from my POV it's less likely.
There's a chance this could revert back down, so have to be prepared for that as well, but from my POV it's less likely.
A normal day doesn't move 10 points down in less than 2 minutes, etc.
I got chopped up taking multiple small losses near the LOD, but redeemed myself by adding to a winner taking on a bigger position size when we finally broke out.
Position sizing can be an edge, i.e., start out with your smallest position so that you can be wrong a few times without getting hurt too bad when you get it wrong (everyone does at times).
If you size up maximum at once, you're very vulnerable and if you take a full loss, you typically need a homerun to go green on the day.
God, I'm too bullish lately. Didn't catch the short side at all. Like I said earlier, I need time to adjust to the short side after non-stop pump in a strong bull market.
View attachment 340717
Mentioned this in previous post yesterday, but is your last comment really objectively the case or did you just say that because market had an aggressive dip and you we're hedging the fact that you post some of your trading on a forum?
The highest most likely outcome was to remain long bias overall and still is. This isn't hindsight because market went up more either, said the same thing yesterday as the market was "looking" bearish. People keep shorting and looking down for no solid reason. I mean intra-day shorter term short is fine, but looking for a larger move isn't. It's just going to over complicate things and potentially get you trapped or miss out on long setups.
No need to be first, we the market turns most likely they will be plenty of time to than favor shorting more intra-day.
@Laissez Faire this is not a dig to be clear. I am saying think you were making the right overall decisions, who cares if market does dump and it eventually will but until then take advantage of what is.
Your posts remind me of someone.
Could you clarify your question? Which comment do you refer to?
that ur too bullish lately, if that was just in regards to being sized too aggressively than nevermind. but if it was in regards to reading overall market, it's the correct thing to do overall for intra-day, regardless if we dump 5000 points today.
the markets are not like U2, they do not move in mysterious ways