ES Journal Archive (2006 - 2008)

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Quote from pulsescan:

Entry points ARE critical.
example: you sell at the low of the day.
i.e. buying the top and selling the bottom.

Exit points ARE critical.
example: you fail to take profit on the trade and you end up with a loss.
i.e. you fail to let profits run or take profits to soon.

:cool:
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Entry points are NOT critical.
example: Open a short position. You have no way of knowing until the trading day is over that it was the low of the day. Money management is critical.

Exit points are NOT critical.
example: Allow worthwhile (your definition) profits to turn into loss. Money management is critical.
Your ability to trade according to plan is not the same as trade and/or money management.

Osorico
 
entry and exit are both critical.

more so exit because your ability to exit when PA tells you rather than when you "think" is what makes you an expert vs. just a trader.

I am trying to work on my exits so I can maximize my points/contract.

Anyway, shitty day turning around.++
 
Quote from ggoyal:


...
I am trying to work on my exits so I can maximize my points/contract.
...
More...

Just a thought...
instead of maximizing, work on minimizing.

Entry and Exit are NOT critical.

Osorico
 
fine wtv u think as long it works.

seriously, if you find something that works for you with high probabilities, think what u want.

i can think wtv i want. i guess u can say there are no conventional lines to follow as a lot of it is subjective.
 
Quote from ggoyal:

fine wtv u think as long it works.

seriously, if you find something that works for you with high probabilities, think what u want.

i can think wtv i want. i guess u can say there are no conventional lines to follow as a lot of it is subjective.
More...

Gotta love the depth of discussion.
 
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