ES Journal Archive (2009 - 2010)

[codliver]

bearish...and yes best is 3x head

 

[codliver]

no problem ammo ...country boys will survive

 

[ajcrshr]

Shaven Head

http://www.daytradersbulletin.com/html/cs34.html

 

[volente_00]

Quote from codliver:

most traders are either biased up or down long or short.....that must be overcome to get most of what the market is offering....my brother panics with each down move even if it is drop dead gorgeous...he only sees the buy entries even when it is screaming sell.....in other words he countertrends in a sell...and loses and when the zero starting point for the buy run appears he is psychologically spent and scared to enter the real one...because his money was given to others..over and over seeing buys in a down run....stock trading for years destroys most minds for eminis......

95% chase


You will never buy the low or sell the top chasing with the herd.


It takes balls to pull the trigger long when sellers are piling on to a down move. But with proper risk management, that is how you make money in this game. The same goes with tops, no one wants to sell the panic short spike because of greed that it may go higher. Countertrend goes against basic human nature and that is why so many are afraid of it.

 

[rock34748]

Quote from rock34748:
sh NQ 1919.75; small; sl 1923.75
edit: back to work so targ is 1916.75

need I say stopped :eek: I've had it, going long ES 1150.5; 5 X normal size; target 1199.5; No Stop... ... ... j/k so don't try to short me.

 

[rock34748]

Quote from volente_00:
It takes balls to pull the trigger long when sellers are piling on to a down move. But with proper risk management, that is how you make money in this game. The same goes with tops, no one wants to sell the panic short spike because of greed that it may go higher. Counter-trend goes against basic human nature and that is why so many are afraid of it.

So basic yet still out of my reach for now. For over a year I've mostly tried to counter-trend only to find out all the other noobs counter-trending with me make us the trampled path for the trend. I can say it, taste it, see it, but can't trade it. Oh well, still trading small, managing my losses while learning. Honestly, I used to be a smart guy.

 

[bigpapi]

Quote from volente_00:

95% chase


You will never buy the low or sell the top chasing with the herd.


It takes balls to pull the trigger long when sellers are piling on to a down move. But with proper risk management, that is how you make money in this game. The same goes with tops, no one wants to sell the panic short spike because of greed that it may go higher. Countertrend goes against basic human nature and that is why so many are afraid of it.

Been looking for a good book on this, any suggestions?

 

[volente_00]

Quote from rock34748:

So basic yet still out of my reach for now. For over a year I've mostly tried to counter-trend only to find out all the other noobs counter-trending with me make us the trampled path for the trend. I can say it, taste it, see it, but can't trade it. Oh well, still trading small, managing my losses while learning. Honestly, I used to be a smart guy.

Countertrend for entries withing the longer term trend

Do you feel me ?

Quote from volente_00:

Paul tudor Jones is one of the greatest traders in the world and is a contrarian. Any correlation ?

 

[volente_00]

Quote from bigpapi:

Been looking for a good book on this, any suggestions?

The book of personal experience although sometimes expensive is the best teacher.



This is the only book that had a profound impact on my trading.



http://www.traderslibrary.com/moreinfo.asp?item=2121&SID=&lc=gurus_homepage

 

[Lawrence Chan]

Quote from volente_00:

Countertrend for entries withing the longer term trend

Do you feel me ?

Logic and understanding of bias does not go well with retail traders.

Sad truth that I tried hard so far and failed to change. =(