ES Journal Archive (2006 - 2008)

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I'm not trading ES (still traveling, presently in Albuquerque, headed for Tulsa tomorrow), but shortly before Apex made his post and well before Spooz Top made his, I bought 2,000 shares (about $100K worth) of SDS, the Pro-Shares Ultra-Short S&P 500 ETF that tracks minus two times the SPX.

I certainly hope the fact that all three of us independently went short about the same time (not to mention B1S2 looking for lower) is not a contrarian indicator. :)
 
Quote from mbusch:

I'm not trading ES (still traveling, presently in Albuquerque, headed for Tulsa tomorrow), but shortly before Apex made his post and well before Spooz Top made his, I bought 2,000 shares (about $100K worth) of SDS, the Pro-Shares Ultra-Short S&P 500 ETF that tracks minus two times the SPX.

I certainly hope the fact that all three of us independently went short about the same time (not to mention B1S2 looking for lower) is not a contrarian indicator. :)
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that`s not bad company to be in considering past calls.

not to mention the 10/25 short mbush & i nailed from 1529.50 swing high thursday 10/25 that went unposted........as we trailed it all the way down to 1510 final cover.............conversing through pm.

Spec,sometimes it pays to be negative.......& honest with a realistic approach......:D

Not being boastfull as i know more than anyone through past experiences that that there is a very fine line between cockiness & confidence..........this expected coming turn will be just another trade with hi R/R.

good trading all
 
1 contract per $6000.no exceptions.And that doesnt mean I have 50K in ES.Thats the last time Im going to repeat that.

same style b1s2 uses.

perma bears are going to be dumbfounded by this market, but thats their choice.They cant read the writing on the wall.

blackguard
 
Quote from storm121:

perma bears are going to be dumbfounded by this market, but thats their choice.They cant read the writing on the wall.
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Do you consider any of the regular posters to this thread to be "perma bears"?

Personally, I'm a short-term bear, (for days or perhaps a couple of weeks), an intermediate-term bull (I think we'll see new ESZ contract highs before rollover after a pullback below 1500), and a long-term bear (I expect a multi-year bear market to begin sometime in 2008 along with a multi-year period of stagflation, but I'm not smart enough to predict when).

I guess that makes me a waffler.:)
 
spooz its noteworthy, u trade for ur income.

My trading, sometimes careless attitude is result of not needing to.

so it comes off as reckless.

take it for what it is. The only thing I wish to bring to the table is what I see happening in the markets.
 
Quote from Spectre2007:

spooz its noteworthy, u trade for ur income.

My trading, sometimes careless attitude is result of not needing to.

so it comes off as reckless.

take it for what it is. The only thing I wish to bring to the table is what I see happening in the markets.
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first you tell me i`m in a losing short position..................WRONG

now you inform me that i trade for income...................WRONG

you`re a bit presumptuous....would`nt you say?

if i chose to take 2 years off from work & travel the world,i could do so today.i trade to compete & i trade to win.i`ve been an athlete my entire life & i thrive on competition.......that is why i trade.my timeframe is irrelevant as i`m short term oriented,that is my personality trait & i`ve developed my craft around it.
money is a byproduct of winning & the way of keeping score.

being a brutally honest individual as well,i have to tell you that after you "polled" yourself out of here,i,along with others asked you to stay for awhile...........my reasoning was that i see you as backgound music in a doctors office........something you don`t really pay attention to but breaks the monotony during the wait/setup.

it`s nice to know that you are independently wealthy at such a young age..............trust fund baby,eh?
i grew up around trust fund babies & they are all extremely soft individuals with too much free time on their hands..........hmmmm
sorry if i`m being presumtuous....................good trading..SB
 
Quote from Spooz Top:

first you tell me i`m in a losing short position..................WRONG

now you inform me that i trade for income...................WRONG

you`re a bit presumptuous....would`nt you say?

if i chose to take 2 years off from work & travel the world,i could do so today.i trade to compete & i trade to win.i`ve been an athlete my entire life & i thrive on competition.......that is why i trade.my timeframe is irrelevant as i`m short term oriented,that is my personality trait & i`ve developed my craft around it.
money is a byproduct of winning & the way of keeping score.

being a brutally honest individual as well,i have to tell you that after you "polled" yourself out of here,i,along with others asked you to stay for awhile...........my reasoning was that i see you as backgound music in a doctors office........something you don`t really pay attention to but breaks the monotony during the wait/setup.

it`s nice to know that you are independently wealthy at such a young age..............trust fund baby,eh?
i grew up around trust fund babies & they are all extremely soft individuals with too much free time on their hands..........hmmmm
sorry if i`m being presumtuous....................good trading..SB
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put yourself on some antipsychotics, you've been attacking a few people lately.

I guess this is the way of the room, stop pmsing you sound like ur on the rag.

obviously something is gone awry in your life.
 
Quote from storm121:


perma bears are going to be dumbfounded by this market, but thats their choice.They cant read the writing on the wall.

blackguard [/B]
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basically what Islands/Blackgurad is saying here is that it is OK to be a permabull like he is.........but whatever you do,don`t trade short side,because if you do,you are a permabear & that is bad.

this is why it is very unhealthy to read these boards/threads, after a while,you start to become the company you keep.....& i would flat out hang myself if i was this guy.

you see,it`s ok for him to be 25/30 handles out of the money or OTM with NO stop in place & NOT having risk defined but god forbid should you risk 7 handles to make 60......or 8.5 :1... R/R.

this cat is so convinced the market is going up that he will not even consider a stop because he HAS to be right.
only a perma mindset would criticize a real trader for taking the opposite side of his trade/mindset because it threatens him.
the "perma" mindset does`nt see R/R because he refuses to accept a loss & will flat out refuse to accept this trade to work against him.this is an amateur at work ladies & gentleman....do not be fooled!

if you`re going to continue to read this thread,put this guy on ignore to eliminate his poison or better yet..........print it out & use this as an example of what NOT to do whenever you have the that feeling of "having" to be right.

you may defend yourself Islands/BG to the best of your ability but don`t expect a response back from me...........you see,your call may be correct or incorrect...........but either way,you are wrong...............get it?
 
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