ES Journal Archive (2006 - 2008)

[joeyata1]

lol i guess it doesn't scare anyone that everyone on this board, on all of wall street and every guest on tv is shouting buy the dip?in the past its worked but lets see if its different this time and they punish the over anxious bottom fishers

 

[El OchoCinco]

Quote from joeyata1:

lol i guess it doesn't scare anyone that everyone on this board, on all of wall street and every guest on tv is shouting buy the dip?in the past its worked but lets see if its different this time and they punish the over anxious bottom fishers

If it keeps working why should the dipsters stop now. we rallied almost 20 ES points off of opening lows and then just rallied another 14 ES points off of the lunch time lows.

Make money in any direction the market is heading, be it up or down.

 

[jagmot]

Quote from joeyata1:

lol i guess it doesn't scare anyone that everyone on this board, on all of wall street and every guest on tv is shouting buy the dip?in the past its worked but lets see if its different this time and they punish the over anxious bottom fishers

You must not have been reading the journal for very long. Most people on this board have been short and are now starting to get long.

I was early on both sides of the move, I started getting short around 1550 (futures) and caught most of it to 1500. Got stopped out (a few times) before I caught the big move. That is where I started getting long too early (in hindsight of course). Caught a few uptrends, but that is where stops and/or position size protect you.

 

[jagmot]

Quote from jagmot:

Alright same trade basically back on.

Edit: stopped out on trailing stop +2. I will look to reenter on weakness.

Edit2: back long again. (2:00pm EST)

And stopped back out for -2 on the second try.

 

[joeyata1]

as i said when all on here raging bulls easy short. just cleaned up for 8 pts on 40 contracts. the former game of the market is now over. short all rallies instead of looking to buy dips. a credit hurricaine has come to town. instead of total return on capital, people concerned about return of capital

 

[El OchoCinco]

lol i think calling everyone here ragin bulls means you have not followed this thread at all. Msot everyone here is trading intraday and is long or short depending on the market. No need to generalize.

 

[jagmot]

Quote from joeyata1:

as i said when all on here raging bulls easy short. just cleaned up for 8 pts on 40 contracts. the former game of the market is now over. short all rallies instead of looking to buy dips. a credit hurricaine has come to town

Good job! Although why don't you call your trade live next time? Just got long again 1430.75. (As a side note, I don't always call all my trades since many times I'm doing other things, but you also won't see me bragging on my non-live calls)

 

[joeyata1]

no i agree i was refering to apex looking for some outrageous 70 pts on the es. the most important stocks on earth gs,c,jpm,wb are walking zombies.every rally for a while will be sold. i play both ways also.

 

[JSSPMK]

1435

 

[tcosync]

Quote from joeyata1:

no i agree i was refering to apex looking for some outrageous 70 pts on the es. the most important stocks on earth gs,c,jpm,wb are walking zombies.every rally for a while will be sold. i play both ways also.

i think this dip should be bought too.