ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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out... of longs.
Quote from edisonin:
haven't you stopped loss?
WANG
buy stop is used for entries..
just wanted to share something before I leave for the day.
when you place a trade, and within minutes you find it going against you, and your the one that doesn't like taking losses are using stops.
just hedge it in another account, using the same derivative or, hedge it in the account using a inversely correlated instrument,(bonds), or different index, or a forward month, a forward month may not always be possible if its too early in the rollover.
then just ride the hedge and pull out some cash from the hedge, then unhedge it at the next support/resistance level.
I do this most times, it works when the strong macro factors or underlying feeling, inhibits your ability to mentally reverse the position.
just wanted to share something I learned over the years.
goodluck and happy newyears!!!
PS.... another poor close, market shouldn't close the year like this.
PS2... it looks like someone knows the upcoming NFP report.
Chris
when you place a trade, and within minutes you find it going against you, and your the one that doesn't like taking losses are using stops.
just hedge it in another account, using the same derivative or, hedge it in the account using a inversely correlated instrument,(bonds), or different index, or a forward month, a forward month may not always be possible if its too early in the rollover.
then just ride the hedge and pull out some cash from the hedge, then unhedge it at the next support/resistance level.
I do this most times, it works when the strong macro factors or underlying feeling, inhibits your ability to mentally reverse the position.
just wanted to share something I learned over the years.
goodluck and happy newyears!!!
PS.... another poor close, market shouldn't close the year like this.
PS2... it looks like someone knows the upcoming NFP report.
Chris
the unending pull of history, the market is resistant at times, but the underlying feeling or pull for pivotal events is subconsciously needed.....for a new leg.
dow,...not holding the line.
what it means for the ES.
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