ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

True, but the point is that highly leveraged day traders get stops run on them much more than correctly sized outraday traders.
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Correctly sized "outraday" traders have to deal with significant drawdown.

There's no free lunch here.
 
Quote from smilingsynic:

Correctly sized outraday traders have to deal with significant drawdown.

There's no free lunch here.
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Actually, correctly sized outraday traders have minimal drawdowns. That is the idea behind being correctly sized. :)

In fairness. a correctly sized daytrader also has minimal drawdowns per trade, but the extra activity results sometimes in long strings of whipsaws . In addition, a daytrader seldom gets the big homerun trade that extremely successful trading mandates. :)
 
Quote from smilingsynic:

Not on a per contract basis.
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Per contract is not an important consideration. Percentage of TLNW, however,is. Stop losses must be chart based. Once you define your stop out point, you can then figure how many contracts to trade. If it is less than 1 contract, then you do not take the trade or perhaps you could go to the cash index. :)
 
wouldnt it be something if we recouped all of yesterdays losses today?or at least most of them?

tomorrow we could tack on another 20 pts and then maybe 10 or 15 friday.

that would be a perfect scenario.shorts wouldnt know what to think then.

Im bullish here and looking for 1410.
 
Quote from JSSPMK:

1/3 +3.25 reversed for Long off 2

TY AMMO!

Scaled out +3.25

10.48am looking strong ImO
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+7 1/3 reversed short off 1,2 (1349.75)

Wedge there

-1

would like to re-enter

1350.50 short

classic set-up here, let's see

1345 target

-1.25

Pivotal magnet
 
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