ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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well I plan to quadruple it or so within 1-2 years, but at least it looks like we're on the same page now.
you really are an interesting group
very diverse to the point that you are interfering with each others learning, but with the best of intentions.
you would rather fail than let go the group [ but you do not know this]
think about this if indeed you want to succeed
it is not easy but you can do it if you want it badly enough to let go
very diverse to the point that you are interfering with each others learning, but with the best of intentions.
you would rather fail than let go the group [ but you do not know this]
think about this if indeed you want to succeed
it is not easy but you can do it if you want it badly enough to let go
Quote from Picaso:
Yes, it would be <i>easy</i>, but you would take 100% your losses with your full position, some of your winners with between half and one point (1 point + BE or 1 point + 1 point) and your larger winners with half the position.
It's not about doing what is easy, but what it's [most] profitable (not lecturing you, just talking to myself after a day of freezing in the headlights).
Still, can't beat that happy feeling when taking profits, even if you leave much more on the table...
I`ll consider that, Picaso. I just hate to see the market move without me joining in on the fun
Quote from aquarian1:
I think you are correct to congratulate yourself on a good call - what is your min profit target on a trade like your long 1233?
Just some ideas.
I like it, aquarian
On the long @ 1233 which I did not take btw, my profit target based on the technical picture would be 1237 based on the assumption that the market were bottoming out and would test that level.
However, knowing myself, I am pretty sure I would have booked profits at 3 points or even less.
And that`s why trailing stops may be worse for me than you, since my profit targets are smaller than yours. I usually go for 1-3 points, but that is much due to the fact that I`m only trading the last 2-3 hours of the market.
My experience as well, but where I`m struggling is to know what`s what. When momentum picks up, trailing is excellent, but when price stalls, taking profits is the right thing to do.
More practice and experience is needed
For what it`s worth, I got out on a short 4 ticks from the bottom (on a leg, not the daily low) by trailing a short today.
Quote from Laissez Faire:
Selling off now. Too bad my 1234 short was in the sim
Locked in 1,5 points in simbucks (100 contracts), so I`m thrilled
I used a tight trail when price stalled, but it turns out the market had more downside potential (as I originally anticipated).In all seriousness, I`m starting to feel confident (not cocky) in my trading lately. I hope it`s not luck, just as it is bad luck when I`m losing
Quote from Pholeuon:
Without leverage quadruple account in 1-2 years? Going long only?
I am very curious to see it Like say we here, I am purchasing king lounge in this theatre.
Move along people. i_c didn't ask for help, so let's not offer it. If and when he has a losing trade, surely he will learn from it and change trading tactics if needed.
Told ya...
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