ES Journal Archive (2006 - 2008)

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Quote from JimmyJam:

I'm hoping for around 1450.00 myself.

Why?

Tangibles such as moderately strong indicies across the board and a relatively calm VXO, and intangibles like short covering as buyers come in to buy at the lower prices.

It could actually break either way, so it's only a 50% chance, but we'll see.

JJ
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Thar she blows! :D (yeah, I know I'm juvenile).

I have to pay some (more) bills now :( , so good trading the rest of the session.

JJ
 
Quote from Buy1Sell2:

Yes this is correct. If you are going to go through this pain, you may as well also let the winner run when it finally becomes a winner instead of jumping out.
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ABSOLUTELY! If you are willing to hold a loser, you must be willing to hold a winner. There cannot be "better" without knowledge of the opposing concept "worse". So the question for the trader becomes... why is holding a loser "better" then holding a winner?

Quote from saxon22:

I just got it. See that is how my system works. Quick 2 points x certain amount of contracts and the money is mine. :D :D

the problem yesterday was that there were no up and down just one fucking down after 2PM. Up until then I was making nice coin, it was those minutes that threw a monkey wrench into my system. I made 3 mistakes: 1: i did not clear my positions prior to 2PM, 2: I got greedy, I wanted more than 1 point. 3: I traded after 1PM which my system does not allow.

3b. I got stupid and kept on buying the slide.
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Sorry saxon, the real issue is that you traded based on what you wanted to believe instead of what actually was. And despite YOUR rules, lack of discipline prevented you from admitting defeat. The biggest problem with this, for you, is that you were vindicated. Not wishing you or anyone any harm in trading, just being brutally honest.

Good trading to all
Osorico :)

PS. Hello Porgie!
 
Quote from saxon22:

I just got it. See that is how my system works. Quick 2 points x certain amount of contracts and the money is mine. :D :D


the problem yesterday was that there were no up and down just one fucking down after 2PM. Up until then I was making nice coin, it was those minutes that threw a monkey wrench into my system. I made 3 mistakes: 1: i did not clear my positions prior to 2PM, 2: I got greedy, I wanted more than 1 point. 3: I traded after 1PM which my system does not allow.

3b. I got stupid and kept on buying the slide.
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I would consider the following concept:

Ask yourself if you just unwittingly imprinted a horrible psychological trading flaw:

"I don't have to pull the trigger and take my loss....if I just hold on long enough....the market will let me out at breakeven or better"
 
Quote from mbusch:

Hey Oso! Don't be a stranger!!!
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Hey you been quiet to lately, please enlighten us :)

Speaking of strangers what's happened to Apex ? Very out of character for him not to post :D

note: small three indian top, with other confirming factors
 
Quote from BoyBrutus:

Speaking of strangers what's happened to Apex ? Very out of character for him not to post :D
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I'm actually quite concerned about Apex. Not only has he not posted to ET since 8/16 (that's almost two weeks), but he hasn't even accessed the site in lurking mode (I checked with the help desk on this), nor has he answered my PMs or emails expressing concern. I'm worried, but I hope my worry is without foundation.

I've been trading quietly this morning, because I'm not enjoying the way everyone seems to be beating up on Saxon. I believe we could make this journal a far more pleasant place by having the self-control to avoid criticizing others.

There is room in trading for infinitely different trading styles, and if someone has a dumb trading plan, Darwinian natural selection will inevitably show him the errors of his ways without any help from us. [Flame off.]
 
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