ES Journal Archive (2006 - 2008)

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Quote from storm121:

like all those people who shorted yesterday right after 10AM, those shorts are 40+ points underwater right now.

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blackguard

Do you ever have anything positive to say? There is such thing as stop loss when you are trading. Comment only if you have something useful to offer. Good trading :D
 
Storm,

A) most of the guys on this thread are quite good. They know where to put their shorts. They also don't hold them long in an up market, so they still make money.

B) yes, zero sum game, but these markets are quite large so you aren't actually taking money directly from anyone here. Not sure if you can grasp this.

this is why most of these guys help each other out any way they can.
 
Quote from callmate:

Do you ever have anything positive to say? There is such thing as stop loss when you are trading. Comment only if you have something useful to offer. Good trading :D

it`s because he does`nt use stops....so he assumes no one else does....& he knows the feeling all to well as he`s been sodomized on moves like these more times than a party boy in Rahway prison.
 
Quote from Buy1Sell2:

A short below today's low and especially below yesterday's low looks very inviting. I'll make a swing trade at both places with you guys there. :)

But if today's high ends up being solidly above Friday's high of 70.75, the trend would still be up.

If today's high stops short of 70.75, then a short at 50 (under today's low, the overnight low) would make more sense. A target of 10 and a stop right at 70 would make it double the reward compared to the risk (40/20)
 
Quote from Jayford:

Storm,

A) most of the guys on this thread are quite good. They know where to put their shorts. They also don't hold them long in an up market, so they still make money.

B) yes, zero sum game, but these markets are quite large so you aren't actually taking money directly from anyone here. Not sure if you can grasp this.

this is why most of these guys help each other out any way they can.

Storn is a "troll"; responding to him is like feeding him in that it only makes him happy.

Please do not feed the trolls. :-)
 
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