ES Journal Archive (2006 - 2008)

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Quote from saxon22:

Well .... I am up 6K so far for today . :D :D :D So the sytem worked again ! :D
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Well, I know for a fact that Manhattan real estate is KA-RAZY, so if you say you got paid and you're crank'in it, as far as I'm concerned, you're crank'in it.

I, on the other hand, with my 3pts ES (and having run errands the most of the day) am taking the distinctly turtlle route on my road to riches.

But that's OK. My way, the amount of risk in a given trade drops in proportion to the number of contracts traded, so that wielding 20 cars actually has 33% of the risk as it takes to trade 1 car, and when operating at that level it's for all intents and purposes, impossible to blow-out.

It just takes time ... and maybe I could cut it by hyper-trading, or maybe I can't, but I know I can get there like this. Also, I've found that the more I trade in the day, the greater margin for unforced errors there are, and the more frustration with having to makeup wins that were already in the bucket.

Good trading,

Jimmy Jam
 
Quote from smilingsynic:

We went over this before. Dollar amounts mean little outside of the context of risk/reward. You're taking enormous risk for extremely limited gains. Long-term, not very prudent.

You'll learn.
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Define long term. If I can make money 20 days out of 21 trading session in a month and then blow out and give back let's say 15.000 while making 75.000 for that month, I say the system is viable.
 
Quote from hulkgogan:

You've said this a few times. Is this abstract desire really in the daily decision tree facing MMs? I would have thought they have far more immediate and material challenges?

You've also said that these same players can manipulate the markets in order to generate profits.

These two things seem inherantly contradictory as if I can do the latter, I'm indifferent to the former.
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these thoughts pop up through the day, some of the best moves have been in the AH or during european open. And that price action signaled turns in the market early on.

is it easy as it seems to keep making profits all the time by MM's?, no... but the MM's are a unseen friend or foe based on which side of the trade your on. Its best to decipher the clues from the daily price action premarket market aftermarket.

but that interest rate cut risk, is the idea in the back of my mind as the market leans on the price, will that cut occur today? no.. but keep an eye on 2:15 pm. Once 2:15 pm passes then more leaning will occur.

I have contradictory thoughts throughout the day, I try to take the position of the bear and bull at all times. Trying to assess risk/reward minute to minute. Whichever side seems the path of least resistance, thats the path one should be on.

A lot of the stuff I spout is BS, don't pay attention to it. Its just thoughts about risk/reward that pop in and out.
 
Quote from saxon22:

Define long term. If I can make money 20 days out of 21 trading session in a month and then blow out and give back let's say 15.000 while making 75.000 for that month, I say the system is viable.
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Sounds good to me saxon, do whatever works for you!

Good trading
 
Quote from saxon22:

Define long term. If I can make money 20 days out of 21 trading session in a month and then blow out and give back let's say 15.000 while making 75.000 for that month, I say the system is viable.
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What IS your system, exactly? Is it testable? If not, it is not a system.

Long term, 21 days is not nearly enough, statistically.

From the tone of your responses now and in the past, you are confident you know better. Good luck to you.
 
Quote from JimmyJam:

Well, I know for a fact that Manhattan real estate is KA-RAZY, so if you say you got paid and you're crank'in it, as far as I'm concerned, you're crank'in it.

I, on the other hand, with my 3pts ES (and having run errands the most of the day) am taking the distinctly turtlle route on my road to riches.

But that's OK. My way, the amount of risk in a given trade drops in proportion to the number of contracts traded, so that wielding 20 cars actually has 33% of the risk as it takes to trade 1 car, and when operating at that level it's for all intents and purposes, impossible to blow-out.

It just takes time ... and maybe I could cut it by hyper-trading, or maybe I can't, but I know I can get there like this. Also, I've found that the more I trade in the day, the greater margin for unforced errors there are, and the more frustration with having to makeup wins that were already in the bucket.

Good trading,

Jimmy Jam
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I am glad that $$$$$ is also going to your coffers. Enjoy the weekend and spend the money wisely. Ciao!!!! :D :D
 
Quote from smilingsynic:

What IS your system, exactly? Is it testable? If not, it is not a system.

Long term, 21 days is not nearly enough, statistically.

From the tone of your responses now and in the past, you are confident you know better. Good luck to you.
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I have disclosed some of it here on ET and I am not here to say that what I do is superior to others or better. Simply put, so far this is how I make my $$$$. Yes the system is testable. In a way it is somewhat similar to what you guys do here except that I cast my net wider and take more risk.
What I am saying is that I get hit for about $15.000 once amonth, the rest of the days I take in a sizeable amount of $$$ (for me that is).

I do no know better and I am not all that. I am a humble fellow, and maybe so far I have been lucky. Time will tell.

Good weekend to you! :D :D :D
 
Fed has added 35B today and 24B Yesterday.

08/10/2007 13:53 *DJ Fed Accepts $3 Bln In 3-Day RPs

Each one causing the ES to jump


Copy past linck delete spaces

http:// custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={eda27fdf-16a0-45e8-9a91-8b284121608f}
 
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