ES Journal Archive (2006 - 2008)

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Imagine it's all a big game, crafted by the powers in charge.

Let's crash the market, step in(FED) save the economy and we walk away Masters of the Universe. What a plan.
 
you folks have probably answered this before but it has to do with stops on longer term positions....

Where do you put them? Seems like most will go through some dramatic drawdowns to capture a limited amount of additional profits..

I ask this because it has perplexed me in my own limited trading.

If I'm one point away from a target and I still have a stop that is 3 points away ( in this example) then I'm risking three points to make one additional point of profit....

Somethings out of whack there....

So I'm certainly not pointing fingers....

although feel free to give me the middle finger if I'm out of line on this thread...
 
now it seems like we are stuck between those two high volume areas....1306 - 1310 on upside

and that 1382 - 85 on downside.....best to sit aside or look for fades against them..
 
Quote from brkmarket:

you folks have probably answered this before but it has to do with stops on longer term positions....

Where do you put them? Seems like most will go through some dramatic drawdowns to capture a limited amount of additional profits..

I ask this because it has perplexed me in my own limited trading.

If I'm one point away from a target and I still have a stop that is 3 points away ( in this example) then I'm risking three points to make one additional point of profit....

Somethings out of whack there....

So I'm certainly not pointing fingers....

although feel free to give me the middle finger if I'm out of line on this thread...
More...


mostly entries are made out of laziness to wait for the key opportunities, meaning...setups will be far and few, and in return for the 'heat' from the volatility, you endure sometimes minute to minute drawdowns...but goal as a trader is to reinforce that intent when it manifests itself.

I rarely trade with stops, just reverse or exit, when feeling especially lazy...I walk away from the screen, and swing trade. And even with the swing trades I don't use stops, I counter trend trade at the extremes, and pure drift will swing it within profitability, and goal becomes to always counter trend trade at the extremes... in any market.
 
It's friday have some fun, listen to some music. You only live once.
In the end we are all the same, decide what matters and what doesn't and live by that and you will be happier.

Man, if I could step back in time.....
 
Quote from avarus:

It's friday have some fun, listen to some music. You only live once.
In the end we are all the same, decide what matters and what doesn't and live by that and you will be happier.

Man, if I could step back in time.....
More...

nice words, av...i like the way you think.

:)

now back to trading....
 
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