ES Journal Archive (2006 - 2008)

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Not in front of my trading computer now, just a caution to newbies - it is friday, if you have no position, no need to open one now!

Have a nice weekend everyone. :)
 
Quote from OldTrader:

Thanks Tommy.

OldTrader

No probs :) All the noobs jump in front of the size thinking it will hold, then when it doesn't they're scrambling to cover their positions driving the price.

My discretionary trading has been going so much better recently just by understanding what suckers would do, and figuring out how to exploit it. Quite a good feeling.... although most of the time when I get this feeling I end up getting too brave and taking dumb trades. Actually recognizing that fact has done a good job of keeping me in check though haha.
 
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