ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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I beg to differ. I'm not so worried about getting stopped out by some behemoth hedgefund but by the same people I share my trades. This might sound monstrous, but I personally have engaged in gunning stops in the past after reading a few of the stops here as well as elsewhere. I no longer follow such a ritual.
PS. I'm not so convinced that we have a genuine reversal here. I fear the market will get raped again tomorrow. Just my 2-cents.
It is time for everyone to get serious. This is a serious business. No more clowning. -----When I post trades, I am very truthful about the entry, exit and stop. I expect all posters in this journal to exhibit the same veracity or be gone. If this leaves just me posting in this journal, then that's fine. This forthright approach will help the poster/trader.
Quote from saliva:
I beg to differ. I'm not so worried about getting stopped out by some behemoth hedgefund but by the same people I share my trades. This might sound monstrous, but I personally have engaged in gunning stops in the past after reading a few of the stops here as well as elsewhere. I no longer follow such a ritual.
PS. I'm not so convinced that we have a genuine reversal here. I fear the market will get raped again tomorrow. Just my 2-cents.
How much volume do you do that you could gun for a stop? The most I've ever traded is 12 contracts and usually its 3-6. I don't think my volume will gun out a stop. Rather then upping my size, I've started trading other markets.
I agree mostly with that B1S2. Although I think the absense of a stop (no stop) , and even the wide stop policy may be too stringent. Especially in cases when an expected time frame for a trade is provided. I know myself, I have entered trades where I do not use stops for intraday swings. In my case, these trades are scale-ins, sometimes within very wide ranges. Not until the entire trade is positioned would a stop be placed. But overall, I do appreciate and agree with your attempt at posting with integrity.
Osorico
I believe I have done my share of posting by forecasting the correct range for the last 3 days or so. If you find me "inadequate", then I'm more than happy to take my business elsewhere--no strings attached.Quote from Buy1Sell2:
It is time for everyone to get serious. This is a serious business. No more clowning. -----When I post trades, I am very truthful about the entry, exit and stop. I expect all posters in this journal to exhibit the same veracity or be gone. This forthright approach will help the poster/trader.
Quote from saliva:
I beg to differ. I'm not so worried about getting stopped out by some behemoth hedgefund but by the same people I share my trades. This might sound monstrous, but I personally have engaged in gunning stops in the past after reading a few of the stops here as well as elsewhere. I no longer follow such a ritual.
PS. I'm not so convinced that we have a genuine reversal here. I fear the market will get raped again tomorrow. Just my 2-cents.
Stops are typically gunned and taken out against counter-trend traders. The traders who are with the trend can continue to add postions and move the market a little beyond the obvious stop out levels. It's much much more rare to see stops gunned on trend traders because it's much more difficult to move the market against the trend. Now, I would tell you, traders do not need to see stops to know where they are. --Especially the counter trend ones because they are so close. It's interesting to me to see counter-trend traders place stops so close to the market. It's the trend traders who have that luxury.
Quote from saliva:
This might sound monstrous, but I personally have engaged in gunning stops in the past after reading a few of the stops here as well as elsewhere. I no longer follow such a ritual.
More stupid than monstrous. (No offense saliva)
It actually means that you assume that the trades posted on ET are real and have any significant volume to them.
Personally this site is for entertainment, I donât believe anything..... Few even post blotters and trade executions - yes I have posted both in the past.
Your comment about stops (For ES) is also silly, the thought that comes to mind - So smart and yet so dumb
Once again no offense to Saliva or to any posters, I also know there are some fine genuine people on ET
Quote from saliva:
I beg to differ. I'm not so worried about getting stopped out by some behemoth hedgefund but by the same people I share my trades. This might sound monstrous, but I personally have engaged in gunning stops in the past after reading a few of the stops here as well as elsewhere. I no longer follow such a ritual.
PS. I'm not so convinced that we have a genuine reversal here. I fear the market will get raped again tomorrow. Just my 2-cents.
Man... yesterday you posted directly to me that you were going to be the other side of my stop, were it to be hit. Holy shit, YOU BASTARD!! You single-handedly moved the market 14 ES ticks to cause my loss! You sonofabitch!
I had no idea I was in the company of such well-financed icon-like traders capable of moving the most liquid markets in the world. Or should I say traitor.
And I thought you were for real.
Osorico
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