ES Journal Archive (2006 - 2008)

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Quote from mbusch:

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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I have to agree, although in the case of Saxson he seems to welcome comments somewhat. But you can also see the delight in posts when a trade goes against him.

Everyone likes to think that they have the best method don't they...:D
 
Quote from osorico:

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?



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!
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Have to agree here. I just put on a bad trade, went long yesterday expecting a reversal, another painful sell off at the close. I martingaled somewhat to lower breakeven, not wise but I took a calculated risk. I lost on the trade but not near as much if I got out at the close. Everyone has to live with the risk or heat. If I am trading too hot I will know because I can't stand the drawdown. Have a max pain on every trade, right or wrong.
Mistakes: overleveraged (too much heat), did not get out right away allowing a small loser to turn into a big one.
 
Well personally I am routing for Saxon. He has been successful with his unorthodox trading style, and although I would never trade his style, it certainly doesn't mean it will end for him catastrophically. My only concern for him is that he trade comfortably within his style. If one is worried about ANY trade not going your way then you probably have too much on the line and you need to scale back.
 
Quote from saliva:

Covered @ 1446.75
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very cool, I went short about same time as you via DAX very near current high, scaled out and now riding it, trailing stop adjusted to b/e on last lot.
 
Quote from mbusch:

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.]
More...

Hi mbusch!

Gotta disagree with your take on saxon. In my view, MOST of the posts are hand-holding and inappropriate bolstering with reason, of fatal (and common) trader mentalities. Regardless of trading plan or style, trader tuf luv is like-like and realistic to the markets. It is a "better" way of pushing a trader beyond the mental pitfalls. Darwinism produces an inevitable result (good or bad), but does nothing to explain why such result was inevitable.

Now then, what is the phone extension or IM handle of the ET help desk?

Osorico :)
 
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