ES Journal Archive (2006 - 2008)

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Quote from Pekelo:

Apparently at least 3 readers thought you were, so stop obfiscating and post simple, up to the point posts.

If you want to write a blog, start a journal and we promise, once a month we will take a look.

Or I might just have to put you on ignore, after all there isn't much information value in your posts...

P.S.: Oh the hell with it, Spectre is on Ignore, going the Porgie way... :)
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this is a journal, its mental thought process, and its personal, and its not directed to make it easy for you to understand. I'm sorry you feel this way.
 
Quote from saxon22:

I think we will first visit 1490 before heading up.
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I hope not Saxon, got my first long of the dayt here. Test of the overnight high would be nice. Nice excess spike on the 15 min chart for good odds of reversal.
 

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Quote from saxon22:

so far it is going your way. :D I am flat so more power to you!
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Im out one unit at 95.75 - bit early but feeling a tad bit jittery today. Leaving the other unit for test of highs, tight stop.

:D

Out second unit at 96.75, feel some sellers coming on - most likely way to early.

Man i suck - can't believe i did not hold onto that low risk winner. Its going to mount up in the long run - im eating crumbs all day!
 
Quote from Buy1Sell2:

With proper position sizing, one can hold overnight or through any report. Holding overnight will allow you to sleep and also pick up gains in the direction of the trend, including gaps. Also, there are less commissions. A day trader believes they have less exposure because they are watching the screen and can be out with a tight stop. Thus, they believe they can use high margin. This is not true. The exposure is just the same during the day as it is overnight, so it is best to trade the size that would make you comfortable overnight or through a report. :)
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ALL of the gains in the S&P, and even in high-flying stocks like Google, are from overnight holding. In terms of intraday trading, buying the open (or selling the open) and ending that transaction at the close every day adds up to no gains at all.

Over time, the S&P has an upward bias, but that does not translate to daytrading.

Hence, Volente and Buy1Sell2 are in a sense BOTH right.
 
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