ES Journal Archive (2006 - 2008)

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It is not required to post trades here. However, if you do, it must meet the following criteria or it will be disregarded.

"05-14-08 03:30 PM

All trades will need to be in real time or before , with an exact stop and exact target (if any) to be considered as a real trade for journal integrity purpose going forth."
 
Quote from traderwann:

Ok so I'm new here and I'm sure I'll regret posting this after being continuously flamed. Anyhoo, it is completely IRRELEVANT whether someone actually traded or paper traded or just watched.

Look at it this way, an example. There are two traders both trading the exact same system. One trader is making millions with 200+ contracts and the other is paper trading. Now, the paper trader posts here and the real trader doesn't. See? It's whether the system works that matters, not whether it's "verifiably traded" by you me or Joe or Jill or Bob. Heck, give me a chat room or message board where someone paper trades successful moves all day long and I'll pay money for free money in return! Frankly, whether they just passing the dutchie to the left hand side without any idea of how a trading platform works or what it is, really doesn't matter. What matters is whether the trade(s) work and whether it was posted before the fact. Whether anyone took it is, again, more than 110% irrelevant.

On the idea of verification. The level was called in advance. PERIOD. Do you have short term memory? Either the level worked or it didn't. Period. Whether someone took a trade +.50 points or -.75 points or bang on at XXXX.XX, it doesn't matter, it's completely irrelevant.

I miss trades all the time because I can't always pull the trigger. This by no means affects the validity or accuracy of a system and neither does whether someone holds your hand posting an exact entry after giving you an exact level hours before hand. Either the post was before the deal or it wasn't. Either the trade worked or it didn't. End of story. Fade or trade!

I agree no one has a right to brag about losing trades, but, as another example, a system developer that simulates trades historically and doesn't even paper trade in real time, has EVERY right to brag about a successful methodology.
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Traderwann, my memory still serves me well, thanks. I know he called the level in advance, kudos to him for that.
However, his following statement sounds more like bragging after the fact:
Quote from wkoop:

You are right...had a limit order sitting there and was hit when away from screens. Still watching it dive :)
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The reason I say that is I outlined the scenario that is likely to unfold and supported it with real time trade entries and stops. He claimed he was still in the trade after the market dived over 10 points without posting his entry, stop or exit.
 
Current position:

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Quote from Buy1Sell2:

long 1395.00

Initial stop 1387.00

unit size 2
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Stop moved to 1392.50
Stop moved to 1394.00
Stop moved to 1394.75
 
Quote from volente_00:

In the end what only matters is what your monthly statement says. As far as I am concerned every trade posted here is a paper trade and has no benefit to others. This thread has went to crap because the envious pricks have acted like a pack of wolves and have ran the good traders off ruining any chance to learn from those who are truly successful. Look around ? Were are the good ones at now ? And you wonder why they left. Congrats on a job well done.
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I would say this entire episode boils down to accountability. If you REALLY post with the intention of having people learn, if you want the respect that comes with making good calls, then you need to provide what is asked. Otherwise it's all just chest pounding as someone else said. I've traded the ES for 10 years now and I've seen this same scenario repeated many times. Most times it ends badly with the methods being proved worthless. I don't think these fit in that category, the jury is still out.
 
Quote from Lawrence Chan:

Lately you enter day trade position before RTH ... something you like better than wait til the RTH open?
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No. I don't pay attention to RTH. :)

However, this is a daytrade, so my intention would be to close MOC if not before unless stopped out.
 
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