ES Journal Archive (2006 - 2008)

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Quote from JimmyJam:

Hi romik, how's the trading going?

I posted that information so Osorico could see how I dealt with a trade that goes over 2pts against my initial entry, but with there still being a Short signal in effect.

The underlying bullish tone to the market caused price action to continue to move against the position, even though it was a good entry.

He had mentioned earlier that he was flexible in his stop placement, based on volatility and other factors (that he doesn't really need to go into).
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It's nice to post here with such a compilation of traders. You've got everything from atticus and his heavy institutional trading experience (prolly from one of the top 10 IB's) to Saxon22, with his seat of the pants, bravura, I'll make money as I learn attitude, to other scalpers, like Oso, Apex82, mbusch and everything in-between.

Lots to be gained from the associations ...

Good trading,

JJ
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Glad to be here learning. And if putting 1 to 2 cars on the lot to gain market experience is considered a brvado attitude then I will roll with the punches.

However, you are right. In the past right after increasing my account substantially, I did place a 50 lot order, and once it went two ticks in my favor, I got rid of it. I felt like I was going 200 mph on a motorcycle in midtown Manhattan. That $2500 was sweet, but I would have to wear diapers to continue doing it. That stunt was never repeated again.
 
Quote from islands111:


I wonder how many shorts opened up fresh positions today?I know a bunch of traders got short at or around 1520 like apex did.Hes now 25 points underwater.

then theres people like spooz top who have been shorting this rally all the way from 1375.


blackguard [/B]
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Wrrooonnng again,honey.......but it`s nice to know you`re still thinking about me...:p

actually i was buying that 30 min TL alllll day long & walking the wedge ,son....buying hi 30`s & kicking them in lo 40`s......+ 2.5% on my acct yesterday alone..........including catching my trademark swing lo tic @ 18.75...50% fib/tuesdays swing lo.

signature trait of a losing trader is assuming everyone around him is wrong & he`s the only one that is correct........experience does not equal success.
 
Quote from saxon22:

I did place a 50 lot order, and once it went two ticks in my favor, I got rid of it.... That $2500 was sweet,
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In my book that would have been $1250, but what do I know?
 
This is by no means certain or even a call, but it would not surprise me to see 1560 today. I am angling for more than that of course, but it wouldn't be out of the question today. :)
 
Certainly now there is negative divergence brewing on the 60 minute. Too early in the hour right now to tell. Staying long for the longer term. :)
 
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