ES Journal Archive (2006 - 2008)

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Yesterday was pretty much a classic margin call selling day. Weak longs are taken out.

We may or may not get a few more of these around the current level until big players have loaded up enough inventory for next round. :)

As I said, let the shake out begin.

Now, wait for it to finish. :)
 
Staying short still. I will be rolling the short into the June Contract soon unless I see some reason to get out. My trading style prevents me from getting long right now on the timeframes I trade, so I only look short. :)
 
F-me.........that spiked just missed my resting sells between 18-20......hit to tic @ 18.........but we all know damn well nobody gets filled in that situation unless your traded thru.
 
Quote from bidask:

earlier you said that your max drawdown was around 6%. was this calculated based on the method you described here (i.e., cash balance only)?

if the answer is yes, what was your max drawdown based on cash balance + open trade equity? i understand your point on using cash balance only, but the other method is the method that a money manager must use to report their returns and drawdowns (i think).

if you want feel free to pm me.
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I calculate drawdown based upon cash balance only. This is one of the factors that gives me a distinct advantage over most other market participants. It allows me to stay in winners for a greater period of time, while allowing me to get out of losers quickly. As of yet, I have had no drawdown on my short position. Calculating the drawdown on cash balance plus open trade equity causes most retail traders to make too many trades (decisions). Most decisions by retail traders are wrong, so it's best to keep the decision making to a minimum. Gppd fortune to all--:)
 
Quote from Spooz Top:

F-me.........that spiked just missed my resting sells between 18-20......hit to tic @ 18.........but we all know damn well nobody gets filled in that situation unless your traded thru.
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At least you weren't stopped out on the exact high tick before a 10 point dive


:mad:
 
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