ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Exited longs here at 1371. 17 pt loss per contract. ---I will look for a fresh place to get long for an extended gain. I always try to focus on what I can lose, not what I can gain and thus I keep losses to a minimum. For certain, I will be wrong from time to time selling bottoms and buying tops, but as long as the losses are limited, this can be lived with--
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I don't understand why you exited at 71 when your stop was at 67.25 and was clearly missed, and now we're at 84. That's a serious violation of trading rules B1S2. But hey, it's your money.
 
Quote from iloveoptions:

I don't understand why you exited at 71 when your stop was at 67.25 and was clearly missed, and now we're at 84. That's a serious violation of trading rules B1S2. But hey, it's your money.
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Moving a stop up when you are in a long trade is not a violation, it's prudent. My plan was to get out of the trade prior to 8:30 if it was close to my stop area, so I did. Controlling losses---
 
Quote from Buy1Sell2:

Long here at 1377.00 Initial stop is 1369.00.
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Stop raised to 1374.25
Stop raised to 1378.50
 
Quote from Buy1Sell2:

Moving a stop up when you are in a long trade is not a violation, it's prudent. My plan was to get out of the trade prior to 8:30 if it was close to my stop area, so I did. Controlling losses---
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Well, It appears to me that Volente played head games with you and you capitulated . Sorry, but I didn't read anywhere that one of your rules is to exit at 8:30 . Anyway, you could've won nicely against Volente's "90% chance by 10:30 your stop gets hit" and seriously rooting for you.
 
Quote from iloveoptions:

Well, It appears to me that Volente played head games with you and you capitulated . Sorry, but I didn't read anywhere that one of your rules is to exit at 8:30 . Anyway, you could've won nicely against Volente's "90% chance by 10:30 your stop gets hit" and seriously rooting for you.
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I'm not in a competition with Volente. I was just guarding against bigger losses and moving my stop upwards towards the trade. Last week , I picked up 60 points and this week, I have lost 17. The trade I am in now is up slightly with a stop 1.5 pts in the black. Game plan today is to continue looking long if I get stopped out here at 1378.50. Thanks for the contribution! If you follow long enough, you will see me catching a big move from time to time and that's all I really want--I don't need to be right even half the time :)
 
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