ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from Pekelo:

Excellent example:

Exactly

 

[bidask]

20% of your tlnw is in the trading account. you're shorting equities here.

80% of your tlnw is outside the trading account. you're buying by dollar cost averaging here.

i don't understand what you're doing.

Quote from Buy1Sell2:

No. I am speaking of the 80 percent of my portfolio that is outside of the trading account. I have been in cash for a year and that money gets moved back into equities gradually as we drop.

 

[Buy1Sell2]

Quote from bidask:

according to this chart, why didn't you think the market was going to turn around at around april?

Because you must always defer to at least one chart higher than the one you are trading as a filter. In this case, as you can see, the weekly long signal there only created a bounce and it did not create extended gains which is what I am after. On the lower charts of course, this looked like a massive uptrend and could have been traded so. For example, the 240 was probably turned up, the 30 was turned up and then the trader could look at the 5 for their entries and exits. More aggressive traders would skip the 240 and just use the 5 and 30 or the 10 and 60 or 15 and 60. In no case shoujld you use the 5 and 10 together. They are too close in time.

 

[Lawrence Chan]

Quote from Jahajee:

This could be a really wild day.
I am looking at these levels today:

760 to 768
789
801
817 to 828 very stiff resistance
851

Interesting, if 60-68 holds, and having the ability to bounce back up sharply above 790, we may very well see a 100 pt day :eek:

 

[Buy1Sell2]

Quote from bidask:

20% of your tlnw is in the trading account. you're shorting equities here.

80% of your tlnw is outside the trading account. you're buying by dollar cost averaging here.

i don't understand what you're doing.

The trading account simply juices the return. My main investments are outside of the trading account. I am only dollar cost averaging outside of the trading account.

 

[Buy1Sell2]

Short one contract at 795.00

Initial stop 1075.00

 

[Pekelo]

Quote from Buy1Sell2:

I believe I have now accomplished what I set out to do in this journal which was to demonstrate the negative aspects of daytrading. ie stops too close, stops too far away, chasing the market, indecision etc etc etc.

So the whole purpose of this journal is to demonstrate failure? Pretty much all of us have experience with failure, so who needs a demonstartion of that?

Then 6 months ago when you were doing good you were failing by the journal's standard.

 

[ammo]

l 798,add 94, 88 stp,stp out long 86

 

[Buy1Sell2]

Quote from Pekelo:

So the whole purpose of this journal is to demonstrate failure? Pretty much all of us have experience with failure, so who needs a demonstartion of that?

Then 6 months ago when you were doing good you were failing by the journal's standard.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1535647&highlight=show#post1535647

 

[bidask]

doesn't this mean you're a long-term buy and hold investor? i know you said before that you average around 60% per year in your trading account. what are your returns for the total portfolio (trading account + non-trading account)

one more question on the weekly chart. the macd looks like it's trending down but the rsi looks like it's about to reverse. how do you interpret this?

Quote from Buy1Sell2:

The trading account simply juices the return. My main investments are outside of the trading account. I am only dollar cost averaging outside of the trading account.