ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Posting with consent.
He made his single best intraday trade ever today in terms of net per points.
Here are his real time comments from today off his #AHG Room:
[15:10] <@Anek> HODs mofo
[15:10] <@Anek> hear that OPM
[15:10] <@Anek> lol
[15:10] <@Anek> High OPM Day! lol
[15:10] <@Anek> DRAGON !!!!!!!!!!!!!!!!!!!!!!!!!!!!
[15:10] <@Anek> roar mofo! lol
[15:11] <@Anek> lmao aj
[15:11] <@Anek> i aint kidding mofos, HOD lol
[15:14] <@Anek> I dont have a target
[15:14] <@Anek> except for hod or close
[15:16] <@Anek> no scaling out here
[15:16] <@Anek> I want HOD On full size
[15:16] <@Anek> NO SCALING
[15:16] <@Anek> if i scale before HOD or CLOSE
[15:16] <@Anek> ban me
[15:16] <@Anek> or I'll ban myself
[15:17] <@Anek> NO SCALING
[15:17] <@Anek> me
[15:17] <@Anek> full size
[15:17] <@Anek> no scaling
[15:28] <@Anek> This aint easy
[15:28] <@Anek> but my fucking discipline is my best attribute
[15:28] <@Anek> HOD or FU! market
[15:35] <@Anek> still holding all cars
[15:35] <@Anek> ok
[15:35] <@Anek> 940
[15:36] <@Anek> 75% out
[15:36] <@Anek> +70.00
70 pts from that time frame if he only held for most of the afternoon rush and the shorted it. im sure he is doing awesome.
But is isn't going all in a gamble? i mean yeah you enter on strength with the trend after a pullback, blah blah blah.
I guess he was feeling it. i didn't get any the uptrend because I was waiting for a pullback. I dont care if i missed that uptrend because my buying point COULD have been the top. i dont know.
But i did manage to catch about 70% of the sell off after that rush. that was just too easy.
what was fed funds rate back then and how easy was credit to get compared to now ? The cheap credit kept the market from correcting more back then.
http://www.wsjprimerate.us/fedfundsrate/federal_funds_rate_history.htm
There are a ton of puts in the money right now heading into oe. Will be interesting to see if the writers get to keep the premium. In the money calls on WMT were fetching nearly 5% premium for time with only 5 days left which is crazy for such a low beta stock. There is still a good chance we put in a short term bottom in the next week but where is anyones guess.
i wonder if anyone does this in terms of money management. When i enter a position, I enter 1 contract only, if it doesnt go my way, i liquidate.
but if it does go my way immediately, i add big size to it right then and there and then scale out of it as crucial S/R lines. anyone else does this? what type of entries do you guys use?
but if it does go my way immediately, i add big size to it right then and there and then scale out of it as crucial S/R lines. anyone else does this? what type of entries do you guys use?
As a countertrend trader I never add to losers or winners Why do you want to chase with size when you could have been in from the beginning with that size and made that much more profit ? If a trade immediately goes your way from the start you either got the exact fill at the top or bottom or you are chasing the move already. It really just depends on your style. How much movement do you wait for before you add to the position ?
usually about a point, then i just add mega size. it has worked awefully well. But i enter my first 1 contract on during pullbacks or popups and set a stop for that 1 contract at the bottom close of that HL or LH depending.
With one contract I am able to allow more room for noise, then when the position does start heading my way(usually a point) I jump in. There is risk I agree, but when u enter very close to the popup or pullback when the move has just begun, chances r u will be good for a couple of points. Just look at your charts.
Then, as i mentioned earlier, I scale out at crucial levels.
it is almost similar to scaling in, except in terms of risk, but in terms of $$ made. Risk is obviously when mega size is added, it goes against you, but then i get out quickly. again, usually a point, but max pretty much 2 point loss on big size.
Scaling in is a superior strategy. With scaling in, you r able to add from the start of the new trend and keep adding more at popups and pullbacks at which point u r already in the money. wayy less risk with scaling in.
thinking about switching, but scaling in is darn hard. I havent had any major losses, as i usually cut them at 2 points.
With one contract I am able to allow more room for noise, then when the position does start heading my way(usually a point) I jump in. There is risk I agree, but when u enter very close to the popup or pullback when the move has just begun, chances r u will be good for a couple of points. Just look at your charts.
Then, as i mentioned earlier, I scale out at crucial levels.
it is almost similar to scaling in, except in terms of risk, but in terms of $$ made. Risk is obviously when mega size is added, it goes against you, but then i get out quickly. again, usually a point, but max pretty much 2 point loss on big size.
Scaling in is a superior strategy. With scaling in, you r able to add from the start of the new trend and keep adding more at popups and pullbacks at which point u r already in the money. wayy less risk with scaling in.
thinking about switching, but scaling in is darn hard. I havent had any major losses, as i usually cut them at 2 points.
87 crash rebuild..
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