ES Journal Archive (2006 - 2008)

[JSSPMK]

Quote from Brucelee:

10:54 EST 2/26/07


3RD FLASH UPDATE
I HAVE DECIDED TO EXIT HERE AT 1834.50. I CANCELED MY BUY STOP
IF YOU ARE STAYING SHORT NASDAQ CANCEL REPLACE YOUR
1842.75 BUY STOPS DOWN TO 1839.75
BE OUT BE THE CLOSE
*********************************************************
2nd FLASH UPDATE
NASDAQ TRADE

CANCEL REPLACE YOUR BUY STOPS FROM ABOVE 1855.25 DOWN TO 1842.75 X LAST TRADE 1838.00

*********************************************************
1st FLASH UPDATE
S&P 500 & EMINI 12:34:17 AM MST:

WE ARE NOW SHORT S&P ESH7 @ 1455.50. LAST TICK = 1455.75.
KEEP YOUR BUYS STOPS IN PLACE.
I WILL KEEP YOU INFORMED

are you getting paid for this?

 

[Brucelee]

Quote from JSSPMK:

are you getting paid for this?

No, somebody asked me to post the updates. If it offends I will not post them.

 

[apex82]

Take a look at this er2 1 min chart... Something has got to give. I cant believe they have it held up...

 

[Buy1Sell2]

http://www.traders.com/Documentatio...2005/Abstracts_new/Passamonte/Passamonte.html

 

[Buy1Sell2]

http://www.traders.com/Documentatio...2005/Abstracts_new/Passamonte/Passamonte.html

 

[bigarrow]

Quote from Buy1Sell2:

http://www.traders.com/Documentatio...2005/Abstracts_new/Passamonte/Passamonte.html

The article doesn't take into consideration the trades that hit the 2 point target then the second contract is stopped out. I'm not advising for one way or the other just an observation.

 

['81packer]

Rule of 10 coming ?

 

[Buy1Sell2]

Quote from bigarrow:

The article doesn't take into consideration the trades that hit the 2 point target then the second contract is stopped out. I'm not advising for one way or the other just an observation.

That's where the win ratio comes in. The article has other examples beyond the first excerpt where it goes into multiple scale outs. Bottom line--Ride winners and cut losses short. Never ever scale out. Oh, it might be good on a particular trade ,but over the long haul, not scaling out will get you more profits.

 

[K-Rock]

Anybody take any trades yet? I'm still waiting for my setup.

 

[Buy1Sell2]

When discussing win ratio, we should also mention how big the winners were versus how big the losers were. This is a better test of a system rather than just the percentage of winners. IE --you could have a 90 percent winning system where the average win was .5 points, but the 10 percent losing trades had an average loss of 4.5 points and where would that get you? The two must be discussed in tandem. That's why I can run 50 percent winners and remove large amounts of money from the market(s). --And you should be able to also-- Why not you Why not now? It CAN be you!