ES Journal Archive (2006 - 2008)

[volente_00]

Quote from Buy1Sell2:

It is very important that when levels are posted, or trades are posted, that feet are held to the fire. Yesterday, we had to make the assumption that you shorted at 1367 and were stopped at 1370 and then did not trade again due to the max 3 point per day stopout rule. I know that you are a mod, but we need to keep it real in this journal and this is how I choose to do it. For what it's worth, I think you made a great call here, but the stop was just a little off.

While making your ASSsumptions, it was quite humorous that you left out the known fact that I always scale out of a trades and NEVER let a loser turn into a winner. And why am I a mod now?

 

[volente_00]

Quote from kamek:

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

what is your account size ?

You should not be risking more than 2% of it on any day if you wanna stick around long enough to learn the game.

 

[volente_00]

Word on the street is the boyz are coming for the shorts.


A hold of ~52 is at that it needed to get the party started.

 

[kamek]

6k. of course it goes my way when i'm out...i guess i gotta work on nerves

 

[Chuck Krug]

/buys ES 1355.75 stop 1353.25

 

[captcontrary]

Quote from volente_00:

what is your account size ?

You should not be risking more than 2% of it on any day if you wanna stick around long enough to learn the game.

may i add that it would be a great idea to paper trade for a while before jumping in full steam ahead? if the action seems too fast then you're not ready to trade live.

getting stopped out then watching it move in your direction is typical. i lost enough that way to rethink my strategies and start an extended paper trial before i trade live again. so far it's been quite beneficial and i recommend the approach to you, kamek.

 

[Chuck Krug]

/buys ES 1355.75 stop 1353.25

/buys ym 12255 stop 12235
----------------------------------------------
/moves both stops to breakeven

 

[OldTrader]

Quote from kamek:

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

You lost $300. How many contracts did you have?

OldTrader

 

[kamek]

i have beeb paper trading for a while. i've been trading for 2 years now. this is my 2nd day "full time" tho. i bought too many contracts thats all because it was going my way. it turned on a dime on me. it was greed.

 

[ammo]

Quote from kamek:

i have beeb paper trading for a while. i've been trading for 2 years now. this is my 2nd day "full time" tho. i bought too many contracts thats all because it was going my way. it turned on a dime on me. it was greed.

u can make 2-600 a day on 1 lots,thats enough to pay your bills until you train your head to trade what u see,before u learn that you are going to make a lot of mistakes,while making those ,1 lots will keep your losses small if you learn to take losses, know where your jump out point is before you put on trade, jss and tommymoose give you perfect examples of this all day long