ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

Spec......you taking your longs home over the weekend?

i feel we have more downside....even past the 18/20 support level.....not a TA observation but just feel we are heavy even here.
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yeah, will add progressive price drops. 10-20-40-80-160 with proportional position sizes..
i've seen these cycles multiple times, the bigboys needed liquidity to load up.
my indicators indicating bull market phase.
 
18.75
...this was my original wedge which i changed because i thought the 1561 high did not fit....
.... looks like this was the one....
calling for 18.75 target....
 

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My fear is that the low of the day will break and plunge. If I were a new trader I would stay out today. May do that anyway. Good trading.

Vix Chart.
 

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Quote from Optionpro007:

Pekelo you must consider that not all profitable systems are the same.

B1S2's requires late entry and late exit.

In the interim he makes more money that 98% of all traders, and does even when some of his trades turn into losers.

Unfortunately for guys just beginning or with small accounts, the system requires for stops to be placed well outside noise...in many cases what would mean too much risk on a percentage basis to most accounts. It also requires to be ready to give up large paper profits (where those balls I was referring to, come in really handy) in order to stay in and participate as a longer term trend unfolds to completion.

Few people in the world can do this. I am sure not even big money managers with decades of experience can do it.

As traders it is expected for us to have loses now and then. It's part of the business. :)
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Agree. And therein is the issue OpPro.

B1S2 prefers to rationalize away being wrong. And then pontificates his esoteric method, which not even the richest and/or smartest in the world can or would adhere to as THE WAY to "trade". BS!

Each trade must stand on it's own. This nonsense of I made 100s of points on my other bigger position means nothing other than it was entered, maintained, and exited as intended. Which means it was a good trade. Monetarily it can offset a different trade. It does not make a different bad trade a good trade or vise versa.

While B1S2 may have nuggets of wisdom regarding long-term trend indentification, failure to admit wrong, and self-righteousness of THE WAY, needs to be kept in perspective by newbies or the otherwise less experienced. IMO, unless you have a HUGE account, and you have separate means for feeding yourself and paying rent, B1S2 "trading" should be considered investing.

Ban me, ignore me, whatever you do is fine with me.

Good trading to all
Osorico :)
 
Quote from osorico:


Ban me, ignore me, whatever you do is fine with me.

Good trading to all
Osorico :)
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Why should you be banned or ignored by anybody? We are not in Iran. You can expose your ideas here freely....

Much of what you say makes sense seeing it from your perspective.....

I would be more apt to learn from other people who are successful in this business, even if their style of trading doesn't fit my personality or frame of mind...

No reason to discredit people who think differently..(specially if they are very successful in their own way)

:)
 
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