ES Journal - 2023/2024

[Laissez Faire]

VWAP sold there at 63. Not loving this push, but that's how it is during heightened volatility.

Getting ready to scratch this if this swing high doesn't hold.

For adding - this is where my next 5 should have been. Not at 35. LOL.

 

[theapprentice]

trying ss here

View attachment 345887

putting in tight stop

 

[theapprentice]

stopped. good morning
back for open

 

[Picaso]

it tends to work out for you when you add to your winners from what i've seen.
I don't tend to have that skill! when i do that, my add on tends to be where I should have taken profit!
If they get me again i'll be at about BE ish (a bit green) on the day and will stay flat until the open i think

@Laissez Faire and @theapprentice, fwiw (maybe 0.02 ), my rules for adding are:

1) Never, ever, pinkie swear, no, no, no, add to a losing position
2) Only add to winners in the first 25% of the expected move, preferably after a small correction
3) After the 25% threshold, I can still open new positions in the direction of the winning trade, but I treat them as independent trades (with their own stop, etc.)

This helped me a lot in order not to kick myself out of good trades when adjusting the stop for the whole position.

Now I just need to grow some balls and put on bigger positions from the start

 

[Laissez Faire]

If we do go lower - the swing high should be close here. I may regret this, but moving stop to 70.

Let's pray we have a lot of late breakout longs trapped here.

 

[Laissez Faire]

NQ VWAP sell. Getting ready to kill this if the tide doesn't turn soon. I figure this was just a gross overshoot and pullback, but WTF do I know. It's pushing higher for now.

 

[Laissez Faire]

Flat at 70 for an 11 point loss on 10 micros. Trade went 50 points in my favor. Main mistake was adding in a poor location + not securing at least some. Or maybe just not having brass balls enough to just hold it with a large stop.

Nothing changes in my thesis. Looks like that was just a stop run.

 

[Laissez Faire]

Re-shorted 66. I think I'll prefer to stop posting trades as it's a bit distracting and probably influence how I manage them (both good and bad).

Headed out for some sun. Let's see if this one 'lucks out'.

 

[Spectre2007]

https://app.screencast.com/pGAq6AxpB8QhN

 

[Laissez Faire]

There's just no way we don't touch yesterday's close by now. Prove me wrong.

And if that doesn't hold - I don't see why we can't see a dip below 5150.