ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from fearless9:


Quote from Buy1Sell2:

Most new/inexperienced traders make the mistake of putting larger size on for a daytrade. This is exactly backwards of what should be done.



Well there you go.
After twelve years of hard work and trial and error, not to mention trial by fire, I am right back where I started.

regards
f9

Porgie, daytrade size should never exceed the position trade size ever.One must always calculate the worst case scenario and determine if it can be handled by the account.

 

[fearless9]

Quote from Buy1Sell2:

Porgie, daytrade size should never exceed the position trade size ever.One must always calculate the worst case scenario and determine if it can be handled by the account.

who is porgie?

regards
f9

 

[OldTrader]

Quote from aboldoldtrader:

nice trade

if you would have reversed short I might have relinquished my handle

Actually I figured I was probably going to be too early getting out. LOL. Next time let me know eh?

OldTrader

 

[kinggyppo]

Quote from kinggyppo:

long spy 137.98 tight stop.

out 137.87

 

[MandelbrotSet]

Quote from fearless9:

who is porgie?

regards
f9

lolz ... he's a nuisance poster who used to haunt the ES Journal back-in-the-day.

You are as far from him as the Sahara Desert is from the Arctic Tundra in your knowledge, disposition and postings.

 

[fearless9]

Quote from MandelbrotSet:

lolz ... he's a nuisance poster who used to haunt the ES Journal back-in-the-day.

You are as far from him as the Sahara Desert is from the Arctic Tundra in your knowledge, disposition and postings.

gracias mi amigo,

I will just chalk it up as another B1S2 error in judgement.

regards
f9

 

[smilingsynic]

Quote from Buy1Sell2:

Porgie, daytrade size should never exceed the position trade size ever.One must always calculate the worst case scenario and determine if it can be handled by the account.

Nonsense.

Daytrading most certainly has less risk than position trading, because a position trade uses up more time than a daytrade. In that sense, more can go wrong in a position trade than in a daytrade. Simply put, time equals exposure equals risk.

A competent daytrader ON A RISK/REWARD BASIS should do better than a competent position trader anytime.

Of course, there are few who are in either category.

 

[smilingsynic]

Quote from smilingsynic:

Nonsense.

Daytrading most certainly has less risk than position trading, because a position trade uses up more time than a daytrade. In that sense, more can go wrong in a position trade than in a daytrade. Simply put, time equals exposure equals risk.

A competent daytrader ON A RISK/REWARD BASIS should do better than a competent position trader anytime.

Of course, there are few who are in either category.

How many daytraders out there in ET land have suffered 30 points loss a contract over three days?

Anyone?

I've done my share of dumb things in this business, but not that (knock on wood).

 

[tommymoose]

NQ hit resistance in the high 80's as expected and we're now in wave B. Looking for support in the mid 1960's to ride up wave C before the nice short zone at ~2000.

 

[Lawrence Chan]

Very odd price action again.

Someone protecting the gap from being filled in ES.

Edit: finally job's done.