ES Journal - 2023/2024

[Spectre2007]

There will be a lot of FOMO, but given the context, make sure you honor your stops.

 

[Spectre2007]

the power of EMA's

 

[schizo]

Long 85
SL 79
PT 5313

RIP

I still think we are heading up to 5315-ish. But if it starts to look weak (momentum ain't looking too great), I might grab a short.

 

[semperfrosty]

Darc, please refrain from posting in this journal. Thank you.

Lolz

 

[Spectre2007]

Japan recovered most of its losses. Up 10%.

 

[Nighthawk]

Nikkei Index up a lousy +8%.....

 

[v-shape-0DTE]

We were promised a crazy bullish first day of the month, too. It was literally in the bank. Market sold off 2 % instead.

It's not that long ago you said the market will never sell off again and there's been a lot of other outrageous claims, too.



Everyone knows that a big rally will eventually come and this week may very well end green, but it's very difficult to monetize that knowledge even if turns out to be correct. We will also get back to all time highs and surpass them at some point, but we may drop 20 % first.

Successful directional trading with any amount of leverage requires precision. Entries and exits. Even during the bullish euphoria there were large enough sells to blow up an unskilled and overleveraged long-only trader. If you're just investing or trading with super low or zero leverage that's a different game.

What was your stop on the opening long? The market could very well have dropped 20-30 points before going higher.

I don't mean to offend you with this post or anything. Just stating the truth. Let's hope we get back to making those Vs soon. I prefer that environment myself.

The market opened up like 5% down this morning. If you are not buying the dip at that point, I don’t know what you’re expecting. It’s what I would have expected. People freak out and get all scared when it’s such a damn gift. Have you not seen the market the past 2 years. Sure it sold off, but all this aggressive dip buyers aren’t suddenly going away.

As for my trade, either I’m selling into the gap or getting the gap fill. Then I will reevaluate.

if anyone was actually scared this morning and thought everything was suddenly different then you need to look at what you’re doing.

Anyways I’m far from perfect, but most of my trade ideas/ ranges have been pretty good with QQQ. I’m not here to randomly short or long to try and scalp. This place is really a hell hole.

 

[v-shape-0DTE]

Nikkei Index up a lousy +8%.....

Ya think? Of course after the insane anomaly of last night

 

[v-shape-0DTE]

Kudos to your youthful optimism. We will likely open gap up tomorrow, but I think the scenario for the day will be more like this...

View attachment 345846

I hope so. I will sell at the open and then buy the red candle at the close if that is the case. Looking a lot like August of 2015

 

[poopy]

The market opened up like 5% down this morning. If you are not buying the dip at that point, I don’t know what you’re expecting. It’s what I would have expected. People freak out and get all scared when it’s such a damn gift. Have you not seen the market the past 2 years. Sure it sold off, but all this aggressive dip buyers aren’t suddenly going away.

As for my trade, either I’m selling into the gap or getting the gap fill. Then I will reevaluate.

if anyone was actually scared this morning and thought everything was suddenly different then you need to look at what you’re doing.

Anyways I’m far from perfect, but most of my trade ideas/ ranges have been pretty good with QQQ. I’m not here to randomly short or long to try and scalp. This place is really a hell hole.

You called Friday up. You called Monday up. You are an absolute train wreck. You should have a legal guardian.