ES Journal Archive (2006 - 2008)

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Saxon,

See how mbusch just did it? Keep the stop, move the stop in your favor once there is confirmation, and lock in gains. Methodical and patient. He may end up getting a small gain, or a big profit. No chance of big losses.

If you are wrong, your loss is limited; if you are right, you may have gains bigger than you anticipated.

Everyone takes a loss sometime (some might not always post it, but it is true). No one likes having to do it, but that is the way the game is played. Peyton Manning throws interceptions, and sometimes Tom Brady fumbles. Do those foibles make them less of a superstar? No.

Everyone takes a profit sometime too (those get posted here all of the time, lol). But big winners will never happen if they get cut short, and big losers WILL happen if they are left to run.
 
Well, I just got stopped out on my trailing stop at 1534.50 for a disappointing +2.25. The price action has been terrible, and I was tempted to close out this short several times (while trying not to fall asleep), but so long as I was seeing a series of lower highs and lower lows, I stayed in.

Of course, now that I'm stopped out of the trade, it will surely fall off the cliff.
 
Quote from saxon22:

What about my stops. I was thinking of widening it to 3 points but hat would ruin my RR.

Imo, the width of stops should depend on the market environment. Higher volatility means higher stops.

Gotta go now00try to discusst his later
 
http://www.trade2win.com/boards/showthread.php?t=26559

I have moved to trade2win, I like their thumbnail format. Its quiet there, and I can treat it more like a journal without stepping on too many toes here.

The only reason I post is because of the journal like mental clarification that occurs when you put your thoughts into writing. Trust me, it really helps trading when you can put your ideas down, on why you placed the trade.

I posted the trade blotters to show, that high degree of accuracy can be obtained with trading. It wasn't a ego trip either.

Anyways I don't hold any bad feelings toward anyone. I wish the best for everyone.

chris
 
Guys, I feel I need to post this, since I feel I was wrong and out of my character toward Spectra. So here it goes:

I would like to apologize to you for TUE. I am sorry bro. It was either you or beating up my wife. Just joking man, but I looked over my posts and my rants and insults were uncalled for. I have learned a lot from you and should not have done what I have to you. You are weird, but who isn't it. I value your opinion, and it would be nice and helpful to my bottom line to see you back posting in ES again. Once again, sorry mate. You are missed here and this is coming from your number 1 (former) detractor.
 
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