ES Journal Archive (2006 - 2008)

Optionpro007 · Nov 28, 2006

I am not made for intraday.

Congrats on your success, I will bow out of this short term discussions.

Cheers !

trendy · Nov 28, 2006

Quote from Buy1Sell2:

This will be my max position for today.

1382 x 1
1383.75 x4
1388.5 x 10

So, that gives you an average cost basis of 1386.80.

volente_00 · Nov 28, 2006

Quote from Buy1Sell2:

This will be my max position for today.

6 point stop ? Is this a daytrade or a position trade ?

volente_00 · Nov 28, 2006

Quote from optionpro007:

I am not made for intraday.

Congrats on your success, I will bow out of this short term discussions.

Cheers !

To me shorter time frames are easier, you can make money in the noise where as swing trading needs a larger stop and more patience.

Buy1Sell2 · Nov 28, 2006

Quote from trendy:

1382 x 1
1383.75 x4
1388.5 x 10

So, that gives you an average cost basis of 1386.80.

unit numbers in your calc should be 1,3,4 not 1,4,10

Optionpro007 · Nov 28, 2006

1 + quadruple is 4 x 2 =8

Buy1Sell2 · Nov 28, 2006

Quote from volente_00:

6 point stop ? Is this a daytrade or a position trade ?

I will take a look late in the day at hourly, daily and weekly and decide then. The point is that I am taking intraday signals in the direction of the predominant trend and holding them for what I hope to be large gains. I have already demonstrated that the 6 point target is very good for the person who daytrades only.

trendy · Nov 28, 2006

Quote from Buy1Sell2:

unit numbers in your calc should be 1,3,4 not 1,4,10

Got it.

Buy1Sell2 · Nov 28, 2006

Quote from optionpro007:

1 + quadruple is 4 x 2 =8

Correct. one unit X 4 is 4 units or an addition of 3.

Buy1Sell2 · Nov 28, 2006

Still long here with the same position. It looks like a good place to add here, but I have my rule in place about how large I wanted the position to be, so I stay here with it.