ES Journal Archive (2006 - 2008)

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With all due respect B1S2, no way could I wait for 17 losers to turn into a big winner such as in Romiks case. My blood pressure would not handle it especially when you consider Romik lost 10k to win 20k, that does not seem a particularly interesting ratio. In fact, I would consider him especially lucky and fortunate that the market gave him the volatility we have not seen since 1998 to reap his winner. I think I will stick to my scalping method. :)

Edit: I am not taking anything away from Romik, he did stellar.
 
Quote from Brucelee:

With all due respect B1S2, no way could I wait for 17 losers to turn into a big winner such as in Romiks case. My blood pressure would not handle it especially when you consider Romik lost 10k to win 20k, that does not seem a particularly interesting ratio. In fact, I would consider him especially lucky and fortunate that the market gave him the volatility we have not seen since 1998 to reap his winner. I think I will stick to my scalping method. :)

Edit: I am not taking anything away from Romik, he did stellar.
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lose 10 to clear 20, in business it's a good GP, not excellent, though still acceptable, lucky or not lucky? 5 out of 5 at the moment, thanks Bruce
 
Quote from romik:

lose 10 to clear 20, in business it's a good GP, not excellent, though still acceptable, lucky or not lucky? 5 out of 5 at the moment.
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If you are ahead of the game, that´s ¡s the name of the game, what I am saying is that your game is not for me. Your draw dawn exceeded the 2% my liquid assets when you consider what actually happened in reality to your 1439.25 entry during its exposure to the markets. You must be playing with at least 1 M. Not my game, thats all.
 
Quote from Brucelee:

With all due respect B1S2, no way could I wait for 17 losers to turn into a big winner such as in Romiks case. My blood pressure would not handle it especially when you consider Romik lost 10k to win 20k, that does not seem a particularly interesting ratio. In fact, I would consider him especially lucky and fortunate that the market gave him the volatility we have not seen since 1998 to reap his winner. I think I will stick to my scalping method. :)

Edit: I am not taking anything away from Romik, he did stellar.
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Yes , this is correct and why I identified it as a plan that most cannot execute due to emotion etc.
 
B1S2 methodology is a lot how I swing and day trade. But you have to know when the trend is changing or to place a stop and reenter at lower prices. For example, say this market just absolutely gets hammered for the next month and he gets stopped out of all entries. He will have lost all his gains from the past years doing the same type of trades and a lot more. This is how the market works... you ever notice how something works for a period of time and then wham all of a sudden it just gets mutilated? Then you go on searching for the new method and its a repeating cycle. What do you think happened on tuesday to all the people that were trained to buy the morning dips for the past couple months.... I am not saying this wont be profitable, because I use some of the same methodology. I just know that it only takes one time to wipe out everything you have gained. I am sure B1S2 acknowlges this and that is reason that he is disciplined on the amount of capital exposure he has at risk to his strategy.
 
Quote from apex82:


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But you have to know when the trend is changing or to place a stop and reenter at lower prices.
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The "R" word... re-enter. Most on this board calls that overtrading. Personally, as a daytrader, re-entry is a very profitable technique.

Cheers to you apex,
Osorico :)
 
buying the morning dip was fine ..on bad day..OR ANY OTHER DAY.......nq...even better was selling the rally....no disrespect intended........if we get more damage on one trade than we do on normal entry then we are not setting stops in the correct places....I use safe stops meaning if they fail, trade is bad almost always..and they fail very rarely......and short stops.....2 pts sometimes 3 nq....based a on a few thousands pictures realtime only......for anyone here to use the down day as a typical example you might have another 5 yrs to wait for it again, and it might happen tomorrow....it was a huge down trend day...nq...es was whatever it is too dead to interest me.....nowadays...I once had 400 charts saved on ES....ES ain't the old es.....used to run 10 to 15 pts easily usually 2 times per day.....easy....chopped liver now...comparing oscar's "bad call" with 1 yr of failures on this very forum is a little over the top. IMHO..THERE IS ONLY ONE BAD CALL AND THAT IS THE ONE THAT COSTS YOU MONEY...and if u never had it you can't lose it.......YOU CAN NEVER MISS ANYTHING ..you might fail to enter......YOU EITHER LOSE IT OR MAKE IT....MISSING DOESN'T CALCULATE INTO BOTTOM LINE.... ... .....intraday trading and position are not even close to each other, and I don't mean scalping as intraday........ JMHO/IMHO remember paper trading is always a possiblity here ....
 
Oso,

there is a very real possiblity that a trader can re-enter on 90% of the bars.....a real possibility......but trend is your special friend when u do that...actually your best friend ...and the short charts are your worst enemy....IMHO in my very and extreme humble opinion.........great trading is what i wish for you.....
 
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