ES Journal - 2023/2024

Be careful with long positions. It was reported that Iran has decided to attack Israel and that the message was passed on by Hungarian Foreign Minister to Israel. Which obviously can have a very negative effect on equity prices.
 
back to green on day
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still feels like all pops are sells.
 
c1rcle said:
Glad you did well still. It didn't matter how small or big my stop amounts were today I would get stopped out and watch the price go the way I expected. Both long and short.

Down £712 for the year now. Not terrible, but the worst year I have had so far.
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Sorry to hear that, man. Arguably, this is the hardest way in the world to make money and I'm sure there are others who have done way worse than you these last two weeks, i.e., blown their account.

The market gives and the market takes. I stay forever humble and thankful for any gains I'm able to take home and I'm still not convinced I'm simply just very lucky at times. I would never recommend anyone else to get started with this silly game.
 
Nighthawk said:
Be careful with long positions. It was reported that Iran has decided to attack Israel and that the message was passed on by Hungarian Foreign Minister to Israel. Which obviously can have a very negative effect on equity prices.
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Is there any fresh news on this? There's been whispers about this for quite a few days now.

I was trying to pick a long entry after the Globex Open and switched short on the 5200 break which seemed dramatic at the time - convinced that the attack had started. I quickly browsed a few news sites, but didn't find anything and was stopped out B/E shortly after.

Currently baby sized long from 5214 with a B/E stop and low expectations for the day. The market got stuck in a range here below yesterday's close. It's not clear to me if the next 50-100 points is up or down at this point.
 
Jobless claims coming up. Let's see if that can ignite a move out of this zone. Still a 30 point range over the last hours, but feels dull with the volatility we've had lately.

If we can open gap up and hold yesterday's low - I wouldn't be surprised to see us take out yesterday's high today. Not a prediction. Just strategizing. A failure to hold yesterday's low could unlock new lows on the week.

Maybe the way it plays out is a rally today and if the Israel/Iran situation remains unresolved by tomorrow - maybe we'll sell off into Friday's close to take some risk off.
 
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