ES Journal Archive (2009 - 2010)

Buy1Sell2 · Jun 22, 2009

Quote from riskymove:

I guess you are assuming I am a newb then? nice!

I did not say you were a newbie. I can tell that you are not as far as I am in the journey though. This is not a negative comment, it just means you have a ways to go yet in your learning (otherwise you would know that option interest has very little , if any influence on ES prices). I learn new things all the time, but once I have studied and experienced an item enough to know what is right, I move on to other learning. =Ishmael

saliva · Jun 22, 2009

Quote from saliva:

Alright, taking a short position at 915.75

SL above 20.

Out at 900 as promised.

iloveoptions · Jun 22, 2009

Quote from saliva:

Out at 900 as promised.

Nice one.

saliva · Jun 22, 2009

Quote from Decel:

Man, should have put my money where my mouth was...

We might go to last week's low, but I have no idea where this is going.

Hope today's an SDD, makes planning for tomorrow a lot easier (I wish for 2 sequential downgaps).

We might go as low as 890 today. But I wouldn't bet on anything less for now. That should come tomorrow.

jason586 · Jun 22, 2009

Long 899.25

lurefo · Jun 22, 2009

Quote from jason586:

Thanks for the advice.
I made it to $12,600 before giving it all back already once, so I visited this issue for the first time about 2 weeks ago. We actually came to the same conclusion as I definitely have felt a sense of playing with "house money" which kept me from being as defensive in my trading.
We decided to use 1/3 of the profits to fund my Roth IRA, 1/3 to fund her Roth IRA, and 1/3 to keep in the account; but we haven't set up the Roth IRAs at IB yet.
Anyone else do something similar?

That sounds good and some useful advices you were given. I'd say take some of the profits off this trading account and use it to lower the pressure you have to make money, ie, pay bills, put it on a saving account, or to reimburse a credit, etc.. whatever works for you.

Good luck.

BoyBrutus · Jun 22, 2009

Quote from saliva:

Out at 900 as promised.

WTG Sal

Buy1Sell2 · Jun 22, 2009

Quote from saliva:

Out at 900 as promised.

nice trade there. Where do you see the market headed? What time frame chart did you exit on and did you see an upside reversal coming on that chart?

saliva · Jun 22, 2009

Quote from iloveoptions:

Nice one.

Thanks but now it feels like I jumped out too damn early.

or

I'm not too sure.

saliva · Jun 22, 2009

Quote from Buy1Sell2:

nice trade there. Where do you see the market headed? What time frame chart did you exit on and did you see an upside reversal coming on that chart?

5-minute for all my trading decisions. As stated above, I see the market going as low as 890 today.

BTW I'm a daytrader, so, unless otherwise stated, most of my calls should be seen as short-term.