ES Journal Archive (2009 - 2010)

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Quote from MandelbrotSet:

As we gear up for another week of trading the ES, ChipBSmall's trade is currently showing a (comparative) 200pt loss when measured one the same value point basis as an ES contract. (see chart)

Thanks for the lessons bud ... I've learned a lot. :)
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Since you are newbie paper trader with anger issues that can't seem to comprehend the concept of swing trading I will explain it to you really slow so even you can maybe understand it.

This soy oil trade is a swing trade with a called stop. This means I will hold it until my target (35.95 or 37.45) is reached, I decide to exit or reverse position or until I am stopped out. Currently the trade is down 126 ticks or $756 per contract. Big deal. Swing traders trade to profit from all of our combined investments and swing trading is a longer term investment and those take something you seem to lack; a tolerance for any sizeable short term loss and patience. Professional swing traders have many postions on at a time and we are able to monitor them on an ongoing basis. It would be nice if all our positions would be profitable all of the time but that is not realistic. We strive to achieve overall profitability from our combined positions while at the same time limiting as much risk as possible.

Maybe if you would take the time you spend trolling this site picking fights to actually learn from people like B1S2 and others you might fix your bad attitude.
 
Quote from ChipBSmall:

Since you are newbie paper trader with anger issues that can't seem to comprehend the concept of swing trading I will explain it to you really slow so even you can maybe understand it.

This soy oil trade is a swing trade with a called stop. This means I will hold it until my target (35.95 or 37.45) is reached, I decide to exit or reverse position or until I am stopped out. Currently the trade is down 126 ticks or $756 per contract. Big deal. Swing traders trade to profit from all of our combined investments and swing trading is a longer term investment and those take something you seem to lack; a tolerance for any sizeable short term loss and patience. Professional swing traders have many postions on at a time and we are able to monitor them on an ongoing basis. It would be nice if all our positions would be profitable all of the time but that is not realistic. We strive to achieve overall profitability from our combined positions while at the same time limiting as much risk as possible.

Maybe if you would take the time you spend trolling this site picking fights to actually learn from people like B1S2 and others you might fix your bad attitude.
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Too bad you're getting your ass totally handed to you on this trade. :p

Thanks for calling it though, and showing everyone just how clueless you really are when you came to this thread talking shit to me. :D

Maybe next time you will try to focus your losing trades on the ES contract (or a directly or indirectly associated indicie), after all, that is what we are talking about here. :eek:

Later clown
 
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