ES Journal Archive (2006 - 2008)

[porgie]

one thing douglas book empahsizes...........selling or buying should feel the same for the trader.....daytrader or otherwise.....we must trade carefree not recklessly.........carefree because we have a fill in the blanK that works extremely accurate that gets our confidence to such a high level that we love to see the buy signal or the sell signal.....

....EXIT WHEN U C THE POINT TARGET ..TRAILING STOPS IS AS BAD OR WORSE THAN VOLUME/SUPPORT/RESISTANCE/HOD./LOD/OSCILLATORS/....WHO TOLD US TO THINK....WHEN WE ARE TRADING..........BUT WHEN YOU ARE NOT TRADING THINK ABOUT THIS:

HOW MUCH DO YOU NEED/WANT?
THINK ABOUT THIS........YM...10 PTS NET X 4 CTS.....PER DAY
THINK ABOUT THIS.........ES...1 PT NET X 4 CTS.........PER DAY
THINK ABOUT THIS.........NQ...3 PTS NET X 4 CTS......PER DAY

THEN THINK ABOUT THIS............CAN I DO THIS? YES YOU CAN....BUT NOT OVERNIGHT.......

 

[volente_00]

Damn it porgie, because of you I ignored MWF down bias because you said mind bias is deadly. You owe me 14 points for today.

 

[Buy1Sell2]

Journal to date results:

67 trades 30 winners 37 losers 44.77 %

Total profit including commissions:

$3691.39

 

[porgie]

put it on my charge account, vol........u can get mad at me volente, but u can't stay mad......I might be the only friend you have left on ET forums..........LOL....LOL....LOL... that mind bias thing means no one knows what is coming next bar, much less longer term.....mind bias measn ....trading what our minds tell us, and most are not that skilled, especially porgie......so, we trade our "edge" which has to be our highest probability stuff.......i can't say the bad word here as my other friend romik said don't say the "100 % thingie dingie" .........if your "edge" didn't scream VOLENTE, IF YOU DON'T TAKE THIS TRADE be mad at yourself, not your poor old pitiful friend porgie.........i still love you my friend and neighbor.....i hope you are kidding about the 14 pts....that is a lot of es geetus........

 

[porgie]

ONLY HE WHO PULLS/ DOESN'T PULL THE TRIGGER IS RESPONSIBLE FOR RESULTS......WHETHER WIN OR LOSE OR MISS...

 

[4re]

Quote from Buy1Sell2:

Journal to date results:

67 trades 30 winners 37 losers 44.77 %

Total profit including commissions:

$3691.39

B1S1,
I have been lurking on this thread for a coulpe of weeks and I have been very impressed with all the posters on here. I have a question, how many contracts do you usually trade if you don't mind my asking?

 

[Buy1Sell2]

Quote from 4re:

B1S1,
I have been lurking on this thread for a coulpe of weeks and I have been very impressed with all the posters on here. I have a question, how many contracts do you usually trade if you don't mind my asking?

I appreciate the question. I'd rather not say though so as to not try and one up people etc. I wil say that I initially started with 4 per unit when I started the journal. The number is different now as I gain confidence in what is evolving to be short term/swing trading and not really day trading. For purposes of the total profit figure, I am basing the profit here though on just one contract per unit.

 

[Buy1Sell2]

Synopsis of the positional trading account entries that I am still holding:

1287.75
1293.25
1296.50
1308.00
1308.50
1314.25
1316.75
1316.75
1323.50

Average price is 1307.30

I believe I could have added at around 1330 or just left the three short term trades on the books at 1329.50, but I didn't. I was looking for a price of 1335 and higher to start adding more units for positional.

 

[Buy1Sell2]

Quote from sosa1974:

Trust me, I rarely and I mean rarely go long. I agree hedging limits gains, but also losses too. Last Friday was just an exception, as I dont know how to read longs accurately. And yes the equity markets rarely trend nowadays which is why I hardly never feel the need to hedge. In fact it was my first long trade of the year. :eek:

Ok I misunderstood. Thanks for clarifying--B1S2

 

[porgie]

to the forum BOSSMAN ..B1S2........THE 45% results is very sad for me to see ....please strive to get that to well over 60% minimum.......the lower win loss ratio will begin to erode the one thing you or no one else can succeed without......confidence............the cut the losses short and let the winners run, is suitable for professionals only .........not guys like you and me........please don't be offended as i don't know you, but have a lot of respect for you based on the kindness you have shown me and many others on the forum...i wish you all the best, just want to see you come on with your progress.....trust me , i have all i need......to be happy with porgie's trading career ..not fishing for your stuff to help me..i am not here for any other reason except i enjoy the forum..and maybe can inject a little idea or 2 VOLENTE THE CHECK IS IN THE MAIL....RECONSIDERED IT......BEST WISHES MR..B1S2