ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Adding one more equal short position at 715.25
I have pondered for a full minute if I should rain on the parade, but why shouldn't we keep it real? This is constructive criticism, so take it as such:
A congratulation is in order for your determination and stamina staying in the position for so long. Now let's do the math:
Before you took this position your ES trading results since November were somewhere around -100 points. This profit of 178 point made it to +78 points, although I realize it was on 30 ctrs instead of the usual 20.
Thus in the last 4 months you made about 100+ points adjusted to 20 ctrs. Since you are underleveraged that means only app. 1% was made in 4 months by trading ES.
So here is what I learnt from you:
1. It pays off big being in the market for extended periods, assuming you are with the trend.
2. If you don't risk much, you don't make much.
The truth is that #2 kind of undercuts #1. You successfully captured a 20% drop, but you only made 2% out of it...
A congratulation is in order for your determination and stamina staying in the position for so long. Now let's do the math:
Before you took this position your ES trading results since November were somewhere around -100 points. This profit of 178 point made it to +78 points, although I realize it was on 30 ctrs instead of the usual 20.
Thus in the last 4 months you made about 100+ points adjusted to 20 ctrs. Since you are underleveraged that means only app. 1% was made in 4 months by trading ES.
So here is what I learnt from you:
1. It pays off big being in the market for extended periods, assuming you are with the trend.
2. If you don't risk much, you don't make much.
The truth is that #2 kind of undercuts #1. You successfully captured a 20% drop, but you only made 2% out of it...
Spy put sellers getting paid thanks to the TDAYBOYZ
Quote from saliva:
Good call. That should be the HOD.
(as a disclaimer, I should note "so sez my crystall ball")
I think HOD has not been made. We haven't seen this kind of strong uptrend for a long time.
My target for HOD: a) 718-720; b) 724.
Let's see how the market plays out.
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