ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from JSSPMK:
I agree, job well done.
But)), how much return have you made so far on your capital, which is around $75,000 per lot if I am not mistaken? If that is so, then so far on 50 point gain that would be near 2-3% Gross return before taxes (approximate). If that is done consistently and forms part of multi positions in other markets (as we know you hold), then this is excellent and annual return on capital is very impressive, but how many participants on this thread can do what you do (your large stops, underleverage, overnight positioning, no hard stops, etc.)?
If I had your money, then hell yeah I would consider your way, until that is the case, I need to continue bettering minimum DD skills.
In fact, on second thoughts I would like to see this position gain 100 points at the very least before I would call this a very good trade, purely based on capital allocated per lot in your position. If one was to adjust for margin rate, then it's same as a 2 point gain in a trade using $1000 margin.
Quote from saliva:
Unfortunately, it just crawled out of the gutter.
:eek:
This bullish trend and I am using the term loosely is very week and the afternoon session will bring it down fast. The whole morning the market was shedding off and the same will continue come 1 o'clock imho.
We still have 3 hours of trading ahead. If we hit 1546 I owe you a beer if we hit 1539 first, I am flying over and you teach me everything you know about the markets.
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