A dubious honor... the winner gets hyper-inflation and lower purchasing power
ES Journal Archive (2009 - 2010)
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A dubious honor... the winner gets hyper-inflation and lower purchasing power
tagged for both now =)
bad earnings from eqix, some tech being taken out to the woodshed, remember those paddlles with the holes in them.
http://finviz.com/map3d.ashx
http://finviz.com/map3d.ashx
Not bad trading today, I timed when I wanted to wake up perfectly to catch a trade long which I timed pretty good in that I got in the trade, I could have done more contracts for this ES trade but lately have been doing less contracts and trying for more ticks.
Yesterday night, I setup a limit order trade to get me in CL and then went out. I was thinking if the limit order did not get hit by the time I got back, I would just wait till the next day to trade.
Well, the trade was filled and I was in a small draw down but stop did not get hit, trade went to BE, and I almost thought about just killing it there, but then decided to leave it.
I then min the screen to do other things, but then finally looked, market was making a HL but I thought it may have been reversing so I killed trade for 12 ticks, but I could have left it to hit my original like I did for the ES trade which was a perfect trade for setting correct stops and targets.
The good news was that the CL trade last night turned that day into a profitable day. The problem yesterday is I counter traded on the ES and when my stop got hit, I assumed market was going higher, so instead of basing a signal based on PA or indicators, I went long on CL, and got stopped out, I went long again, then got stopped out. Good news about these 2 trades I did not move stops or average down. Finally, I went long a 3rd time, and also note, ES was not tanking or anything to signal that I am wrong in my direction, and so finally 3rd time was a charm. I admit this time I did do 2 contracts, but I also let the trade ride to my target and it erased almost all of my losses for yesterday which was over $ 400. In hindsight all 3 previous trades were incorrect and shows how much better I could have done with just a limit order or a price alert to look at the chart based on my system rather than getting stopped out until the market reversed.
Yesterday night, I setup a limit order trade to get me in CL and then went out. I was thinking if the limit order did not get hit by the time I got back, I would just wait till the next day to trade.
Well, the trade was filled and I was in a small draw down but stop did not get hit, trade went to BE, and I almost thought about just killing it there, but then decided to leave it.
I then min the screen to do other things, but then finally looked, market was making a HL but I thought it may have been reversing so I killed trade for 12 ticks, but I could have left it to hit my original like I did for the ES trade which was a perfect trade for setting correct stops and targets.
The good news was that the CL trade last night turned that day into a profitable day. The problem yesterday is I counter traded on the ES and when my stop got hit, I assumed market was going higher, so instead of basing a signal based on PA or indicators, I went long on CL, and got stopped out, I went long again, then got stopped out. Good news about these 2 trades I did not move stops or average down. Finally, I went long a 3rd time, and also note, ES was not tanking or anything to signal that I am wrong in my direction, and so finally 3rd time was a charm. I admit this time I did do 2 contracts, but I also let the trade ride to my target and it erased almost all of my losses for yesterday which was over $ 400. In hindsight all 3 previous trades were incorrect and shows how much better I could have done with just a limit order or a price alert to look at the chart based on my system rather than getting stopped out until the market reversed.
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