ES Journal Archive (2006 - 2008)

[volente_00]

osorico (Jun 24, 2008 9:48:12 AM)
the "Rule of 10" is also non-sense.

BennyHey (Jun 24, 2008 9:48:20 AM)
agree




1307
1317
1307
1327

 

[volente_00]

Quote from Buy1Sell2:

The real bounce from here I would think.

Then, a little later we will have some comments concerning what is known about the male individuals who buy on days that begin with the letter T.

wiesman02 (Jun 24, 2008 9:47:04 AM)
and its T-Day

wiesman02 (Jun 24, 2008 9:47:19 AM)
good things always happen on T-day

wiesman02 (Jun 24, 2008 9:47:32 AM)
surprised nobody covered shorts

osorico (Jun 24, 2008 9:47:33 AM)
T-Day is non-sense.

BennyHey (Jun 24, 2008 9:47:47 AM)
what is T-day?

wiesman02 (Jun 24, 2008 9:47:50 AM)
lol, i know, just messing around.

 

[volente_00]

Tommymoose

The market will always be there for you to come back to.

If you get bored globex is your friend and 3 am reversal is only an alarm clock away.

 

[iloveoptions]

Quote from tommymoose:

No, since my major is mechanical engineering, I'm going to work for a company that does most of the aerodynamic and thermodynamic engineering for the cars and trucks in the world, plus some motorcycle and race car stuff which is pretty cool. I actually interviewed with a major IB that said they were potentially looking for engineers for model development... feedback I got was that I was too technical. Go figure. I'd love to trade for a living or go trade for a fund or something, but I just don't think the corporate IB thing is up my alley.

You've choosen a great major!! It also seems that you have a passion for it. You remind me a lot of my son with your tenacity and meticulous analysis. He's probably around your age or a bit younger, top of his class and university, and doing a double major - Finance/Accounting preparing himself to enter into Law school. Loves the market and volatility. I sincerely wish you the very best.

 

[riskymove]

Quote from volente_00:

Tommymoose

The market will always be there for you to come back to.

If you get bored globex is your friend and 3 am reversal is only an alarm clock away.

When you start posting your entry, stop and exit with your rule of ten crap then maybe some people will think it's actual worth the two cents to listen to. However, since it's always pretty convienient for you to come in on the back and talk up the ROT (what some of us that actually trade like to refer to the nonsense as), I doubt anyone should give it much credence. There is no entry, no exit, no stop, no target, nada. Just a bunch of jibberish.

And if you want to quote those that mock it, then man up, join the room and post the trade.

Cheers!

 

[satchel]

way to grind it back to black JSS

 

[riaamaan]

Quote from tommymoose:

...
Unfortunately this is the last week I'll be able to day-trade. I'm going to work for 6-months as a part of my schools program. As excited as I am about where I'm going to work, I can't help but be a bit disappointed that I won't be able to trade for a while... I just really started to fall into my niche style and become consistent over the past month and was looking forward to sizing up to 2 contracts soon. Hopefully the markets won't change too much... I'll be back at it again in January... and with a bigger "bankroll" too

Sorry to see you go. I always liked your analysis. Very close to my own on many occasions. Take care brotha.

 

[jagmot]

TM,

Its been fun. Always liked your analysis. Sometimes I wish I had the courage to place small stops like you! Best of luck, I'm sure we will see you back on here at some point.

 

[volente_00]

Quote from riskymove:

. All I try to do is make some $ trading, and learn what I can from those that care to give us a bit of info to sock away.

Though I do not believe that a plant will spring up where no seed has been, I have great faith in a seed.

 

[JSSPMK]

Quote from satchel:

way to grind it back to black JSS

TY! I don't think it would have been possible to achieve if I was to bank on 1-2 trades, you must have noticed me posting a hard stop of 10 on most trades, that's basically a buffer zone which allows me to take on average about 6-7 trades that end up being a loss. It's just another way to multi-spread. I know that the less the risk the less the reward, but I would rather build it up consistently. Some times I would be really in the red, other times I would be in at the extreme level of an oscillation from the word go, mean reversion helps a lot, so does scaling out by splitting position into thirds. Also that 10 point buffer helps at times when there are news releases that create non-anticipated volatility. Plus I do not have the necessity to have a hard stop (LOL), I can afford to have a liquid stop within a hard stop, which helps to stay with a trade when p/a goes through 'knee jerk' times.

I will also miss you here Tommy, sad to see good guys leave