ES Journal Archive (2006 - 2008)

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Quote from wave:

A last push up for longs coming here that will bring out the clouds. Short below 70.50 and stops above 70.50.
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Quote from wave:

Take my 5 points or keep holding to higher?
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Clouds came out. I dropped a hint yesterday when I took my 5 points. You have one more nice shorting opportunity here in this area. The buy has been signaled. I will be long under 37.50 -30.50.
 
Quote from wareco:

Piggybacked that trade. Out at 44.75. Looking to re-load.

Edit. short at 47.25
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Covered 45.75 Looking to re-load again

Short again 47.25

Add at 49.25
 
Quote from smilingsynic:

Why? Because if you don't, you're deluding yourself. That is what it is. Sobering, but true.

E-minis might be a fraction of the full-sized S&P, but this is a highly leveraged instrument. No question about it. There are many more fatalities in this business than successes. Sad, but true, and I would bet that most of them lost because of excessive leverage.

I don't want to be a loser. I want to win, and if it takes more time, so bet it. Good things in life sometimes take time.

That's just me--and I have to go now.

Smilingsynic (or is it the tortoise?)
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Well, since you do not know what the size of my account is, the leverage part of your answer is irrelevant. For argument sake, if my account was 500K, would trading max 60 lot be all that irresponsible?
There are many fatalities in this business, because people tend to follow and have a very limited ability to think, reason and analyze.
Nobody wants to be a loser, and everybody wants to be a winner, but by being a sheep you will never achieve financial nirvana.
 
Quote from Spooz Top:

looking for a reaction off 46.50/47.50 zone...
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looks like we all caught a piece of that one......i waited for another small push up to sell the other 10.......am flat....scaled out down to 44.
 

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