ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Long the NQ at 1897 this morning, stoploss at 1895. Missed my stopout point by .25 :eek: Sold at 1905.50... done for the day, I've got 2 finals to take
I see way to many making this business harder than it really is. It's simple once you learn to see it and do it with discipline and an empty mind. Granted, it may take a while to see the light and there is no guarantee you may ever see the light. There is risk in any business venture.
There is no need for fibs, lines and all that other crazy stuff. The language of the market is geometry made from price and volume. Imagine having to watch more than a few instruments to trade and having to draw lines and fibs and follow 27 other indicators, watching CNBC, oh my it's also 10:30 or 2:00. All nonsense folks. You've all been brainwashed into thinking you need to know all this stuff. All you need to know is right in front of you on the chart. Trying to predict is useless and not necessary, trust me I've been there and done that. Reacting and playing defense is what it's all about. Now go catch a trend and play it properly.
It's all been laid out here already by Buy1Sell2.
The best of luck, fortune, peace and health to you.
Lose a little, win a little, win a lot.
There is no need for fibs, lines and all that other crazy stuff. The language of the market is geometry made from price and volume. Imagine having to watch more than a few instruments to trade and having to draw lines and fibs and follow 27 other indicators, watching CNBC, oh my it's also 10:30 or 2:00. All nonsense folks. You've all been brainwashed into thinking you need to know all this stuff. All you need to know is right in front of you on the chart. Trying to predict is useless and not necessary, trust me I've been there and done that. Reacting and playing defense is what it's all about. Now go catch a trend and play it properly.
It's all been laid out here already by Buy1Sell2.
The best of luck, fortune, peace and health to you.
Lose a little, win a little, win a lot.
Call me confused OB1 but weren't you an advocate of not listening to other people. Why do you insist on telling people to trust you? And what were you doing Shorting the highs. The post of your system doesn't really allow for that. Were you predicting? Were you using some kind of indicator instead of a stop entry that your SUGAR NO.11 demands? So confused. So much to ponder.
JIM
... if you count the "points" in-between the beginning and then end (btw, YM has not changed trend yet) of the moves you will see a risk:reward factor of something like 1:10 or 1:15 (or greater to the reward side, depending on how you manage your risk).
This is why the probability of success is much higher for a good position trader vs. an intra-day trader.
Position trading is where the long money is. Intra-day trading is good for 2pts, maybe 4pts, maybe more ... if you can average 8 or 10 ES points a week, I think that's a pretty good income.
But position trading is how you create real wealth.
I believe this is what B1S2 is demonstrating with his Journal, it certainly is what I've taken from it.
By combining your trading styles, you will receive the best of both worlds.
It's a lot to work for, but it's doable ... now you just have to fill-in the details.
Good trading,
Jimmy Jam
P.S. romik's trades weren't to shoody either!
This is why the probability of success is much higher for a good position trader vs. an intra-day trader.
Position trading is where the long money is. Intra-day trading is good for 2pts, maybe 4pts, maybe more ... if you can average 8 or 10 ES points a week, I think that's a pretty good income.
But position trading is how you create real wealth.
I believe this is what B1S2 is demonstrating with his Journal, it certainly is what I've taken from it.
By combining your trading styles, you will receive the best of both worlds.
It's a lot to work for, but it's doable ... now you just have to fill-in the details.
Good trading,
Jimmy Jam
P.S. romik's trades weren't to shoody either!
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