ES Journal - 2023/2024

[theapprentice]

I decided during my little two day vacation that I would add pre-market trading to my plan. I do wait until any news scheduled for 8:30 AM has been released.

I'm very tentative, which means I have some fear of this time.

Here are two trades for today premarket. The first was a proper set up entry for me, but the exit was me being scared and trailing my stop too soon and too tight.

The second the exit was proper as I want to be out of the market before the bell rings. The entry was very late, and I had a little fear of getting in and then a little fear of missing out.

Gross is a little more than +6 points.

I don't have a position at the moment and I might just call it a week here unless ES trades to yesterday's low or lower.
View attachment 342662

your trading seems great. Very consistent green.
Don't plan to do much today myself
HAGW!

 

[Laissez Faire]

1 % down is not uncommon on TWD. That's 5490.

The perma-bull in me says no f**king way. LOL.

If we dip below 5525 - it could happen. Guess that would make a lot of calls expire worthless.

Lots of stuff going on today, though, so it's hard to predict.

Short bias in effect for the day.

 

[Laissez Faire]

Getting interesting.

 

[schizo]

Long 5521
SL 5514
PT 5559

 

[Laissez Faire]

If it was any other day I would probably be taking a long, too.

Went short 31. 5 point stop.

 

[Laissez Faire]

Stopped. Maybe that was it for the down side.

May take another short in this area or a bit higher.

 

[Laissez Faire]

Short 35. 5 point stop. Last bullet.

 

[Laissez Faire]

Reduce risk to breakeven at 35.

Putting in a limit buy at 5510 and doing something else for a while, but watching with half an eye.

Could be we have the LOD already and settle in the 5519-5550 range, but seemed a bit premature.

EDIT: Give it 1.5 points at 36.50.

 

[Laissez Faire]

Shorting this market feels like David versus Goliath. LOL. I'm always on edge whenever I'm shorting this. Usually calm and collected when long even if it's a poor entry.

Always a bid in this freaking market.

 

[Laissez Faire]

Stopped! Price action feels like somebody wants to bring this market down today, but it's just impossible.

Giving it one last shot. Shorted 35 again. 4 point stop.