ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from Spooz Top:

29.75/30 is the likely target here

A 50% retracement would put it at 27.75. Still holding long gamma.

 

[avarus]

Get your longs ready...

 

[ammo]

" In bear mrkets add to shorts on rallys to resistance." Richard Rhodes just some macro thinking for the micro thinker

 

[JSSPMK]

Quote from JSSPMK:

Re-entered 1348 short off 15-10

-.25 due to 1 min

1347.25 short

Scaled out +1.5

1/3 +8.75 upon D on 1

 

[volente_00]

wonder how many stops just got run on that gap fill ?

And they say markets are random

 

[avarus]

short

 

[Buy1Sell2]

Quote from volente_00:

wonder how many stops just got run on that gap fill ?

And they say markets are random

Only highly leveraged day traders.

 

[smilingsynic]

Quote from Buy1Sell2:

Only highly leveraged day traders.

Leverage and time of holding are two separate factors.

Those who shorted at a breakdown of yesterday's low with sell stops are now sitting with around 8 point losses, which would be unacceptable for a day trader. For a position trader, 8 points represent noise.

 

[JSSPMK]

Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780713>

A lot of careers have ended today

Blackguard


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780987>

 

[Buy1Sell2]

Quote from smilingsynic:

Leverage and time of holding are two separate factors.

True, but the point is that highly leveraged day traders get stops run on them much more than correctly sized outraday traders.