ES Journal Archive (2009 - 2010)

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even if the bear comes along, we always get very sharp rallies. Just gotta pick your buys carefully. Where is paulalan? he always explained it quite well. Probably on a yacht somewhere, lol. Hes been the biggest bull of them all for an eternity.

No point in fighting the government. They want up. We go up.
 
well my only advice is to have your stop in place :)

Quote from Michael.jstocks:

even if the bear comes along, we always get very sharp rallies. Just gotta pick your buys carefully. Where is paulalan? he always explained it quite well. Probably on a yacht somewhere, lol. Hes been the biggest bull of them all for an eternity.

No point in fighting the government. They want up. We go up.
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when trading intraday, if your position does not prove itself correct under your time frame you can tighten up your stop. This will also increase the chances of getting stopped out. On the other hand would you rather lose $500 or $1000 on a trade. Wide stops are better for postion trades. You have to decide how much you want to risk on a trade, no one else can do this for you. :)
 
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