ES Journal Archive (2009 - 2010)

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Quote from M3peat:

Made the stupid mistake of adding to my short from 86.5 at 88.5. Got stopped out at 90.5. I was up before that :(
3 wins/3 losses but my loser addition cost me my winnings.

I really need to stop trying to 'call' the top with my shorts.
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Not to worry. I bet Dick Bove is feeling pretty crappy himself today for agitating the market yesterday. It turned out to be much ado about nothing. :D

Anyway, my otherwise worthless suggestion is that you shouldn't add to your losers.
 
Quote from M3peat:

Made the stupid mistake of adding to my short from 86.5 at 88.5. Got stopped out at 90.5. I was up before that :(
3 wins/3 losses but my loser addition cost me my winnings.

I really need to stop trying to 'call' the top with my shorts.
More...
u shouldnt avg if scalping,go back and read jsspmk's scalps ,he could get stopped out all day for small losses and catch a nice winner and end positive on the day, stops take a lot of discipline
 
Quote from saliva:

Not to worry. I bet Dick Bove is feeling pretty crappy himself today for agitating the market yesterday. It turned out to be much ado about nothing. :D

Anyway, my otherwise worthless suggestion is that you shouldn't add to your losers.
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I know, I haven't done it for over a month or two (when I learned my first lesson) but today seemed like it would make a turn back down at anytime. I was wrong and paid for it.

I watched the ES for 7 months sim trading before going live and I swear it never moved like it has in the last 3 months or so. It seems to make 1-3 LARGE, quick moves and if you miss them, you've missed the majority of money to be made. Maybe I just didn't notice it when I was sim trading. A lot seems to have changed since I sim traded, mainly the color of my daily PnL(keeps showing red).
 
Quote from saliva:

Filled

Stop 90.75
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Out 88.50

The tally for today's trade on these 1-lot flippers: -2.75.
Needless to say, I underestimated the force of the afternoon rally in the hopes of another repeat of yesterday's selloff.
 
Quote from M3peat:

I watched the ES for 7 months sim trading before going live and I swear it never moved like it has in the last 3 months or so. It seems to make 1-3 LARGE, quick moves and if you miss them, you've missed the majority of money to be made. Maybe I just didn't notice it when I was sim trading. A lot seems to have changed since I sim traded, mainly the color of my daily PnL(keeps showing red).
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You might find this laughable, but I've been trading for nearly 20 years and I've never seen anything remotely similar to what we witnessed in the past 6 months. I don't say this lightly because I also lost a lot of money as a result of my idiotic stubborness.
 
Quote from saliva:

You might find this laughable, but I've been trading for nearly 20 years and I've never seen anything remotely similar to what we witnessed in the past 6 months. I don't say this lightly because I also lost a lot of money as a result of my idiotic stubborness.
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You and me both, brother. I've been trying to retool my models based on the behavior since March...few of my proven techniques have been working.
 
I am analysing market patterns and indicators probably more deep than majority and I am simple not able find in past setups those are repeating last months. The only logical explanation seems to me that there are the leading market participants those have a lot of money and are not afraid lose them (I am not saying that they WILL lose but are not AFRAID). Fearless.
They are able stop any movement - and given momentum - EXACTLY WHERE it can be expected. Enough is enough - and it never breaks even a little more as "prescribed".
 
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