ES Journal Archive (2006 - 2008)

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thnx for pointing jss,looking for 94,95, short but aware of old adage, never sell a dull mrkt,this is where i shorted about an hour ago and this 98 brought out the buyers
 
Fearless, if I was to answer your question in 1 sentence then I would say this, a stop protects capital, it's not there to make you a cup of tea :) Some people think that having hard tight stop somehow resolves the above, no it doesn't ImPO, it just stops you out when conditions may still be valid to stay in a trade.
 
Quote from JSSPMK:

Fearless, if I was to answer your question in 1 sentence then I would say this, a stop protects capital, it's not there to make you a cup of tea :) Some people think that having hard tight stop somehow resolves the above, no it doesn't ImPO, it just stops you out when conditions may still be valid to stay in a trade.
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fair enough

regards
f9
 
Quote from JSSPMK:

TY! I am sorry to bring this up, but 9/11 took place pre-RTH & we certainly don't know what the future holds. I recall you leaving a long position over the long weekend & removed stops, perhaps you did have emergency stops though, it just sounded as if you had no stops at all.
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Yeah, I held a long position over the Memorial day weekend. I reentered stops on Tuesday. I only have stops in the market during RTH.

Look, what it amounts to is that day traders are not comfortable with overnight risk. I am. My account is large enough, and I am experienced enough, to take on risk. Again though, I am not overleveraged.

So that you know, I've been trading the S&P futures since the day they began. In fact, I traded the Value Line futures before the S&P futures began. I've traded on the floor and off the floor. I've done all the scalping, day trading, etc that anyone could ever want.

I understand that this market is full of daytraders/scalpers. To a man, they are all afraid of holding overnight, and even more afraid of holding over a long weekend. Do you think that creates some type of advantage to anyone who can hold overnight, or can take a bigger risk? I think it does.

OldTrader
 
Quote from ammo:

old trader do u know the symbol for value line index?Is there still one
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LOL. I don't know. The value line volume dried up years ago. I don't know if they're still trading it. If they are, it's by appointment only.

OldTrader

EDIT: I just realized you might mean the cash index. It still exists. The symbol that the Wall Street Journal shows is $XVG. That's the geometric value line.
 
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