ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

B1S2,

A question pop into my mind - why do you choose to trade ES over SPY, which, in some way, give you almost exact control of the size based on your %risk method?

e.g. 10 ES at 6 pts stop is approx. 10 x 50 = 500 shares of SPY
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Because I am exclusively a futures trader.
 
Quote from volente_00:

You have traders block, ie lead paws, right porgie ? :), I suggest you do not take anymore trades until you read this book and know it like the back of your hand.



http://www.traderslibrary.com/moreinfo.asp?item=2121&SID=&lc=gurus_homepage


Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak, and esteem to all.



- George Washington
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i just felt as tho i shouldn't chase...i got burnt alot doing that. it was hindsight that i could still have made money. tommorow is always another day. its all about survival to me.

happy trading everybody!
 
Quote from jagmot:

Long here as well, 1356.25, 3 contracts. Just got back in front of the computer and see a nice RSI setup on the 15 and forming on the 30 and 60.

Stop at 1339 (catastrophic). Once market opens, I will be moving it to 1347. I'm due for a stopout and I'm sensing it might be here. My gut is telling me this for some reason, but that's what we have discipline for and take the setups we see.

Targets same as previously, 1366, 1370, and 1375.
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Stop back on at 1347, came within 1 tick overnight but not close to catastrophic. We shall see what happens today, but trade setup still looks good.
 
Quote from JSSPMK:

Re-entered short 1354.75 off 1 50% position, same stops

Scaled out 1/2 +1.5

5m chart's histo caved in ImPO

Substantially down pre-market
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1/2 b/e I saw that happening when I was looking on 5 &10m charts 20min ago
 
welp. try again to get into a trade and it went to fast. i jumped on a trade and it was going my way. then it went against me. so i stop myself out cause of disipline. abou 300 :(

cost of doing business
 
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