ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

As long as they are all dropping you are fine. =)

Good luck!
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Due to large stops used I went down the route of a spreadbet, spread is a lot wider, but there are tax advantages for me that outweigh extra spread.

So far -

+28 FTSE
+50 EUR/USD
-0.12 Crude
+25 INDU

Also, I have shorted Qs last week.
 
Quote from ammo:

stops are really hard to trade with,if i were to use them ,i would put them above or below supp/resistance lines.If you trade your acct instead of the market ,for example $200 stop,they will eat you up, i had no success with them ,u could try trading 2 lots and take small profit on 1st one ,this will alllow u to ride the trade a little longer with less pressure until u can relax once in a trade
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I think I could be fine with stops, if maybe a little more room is given and my entries are better (less trades, better entries). I started trading 2 lots on half my trades and it does work better b/c I take off the 1st after a point, just to lock in a little. Problem is, with the way the market is moving (fast and furious), I haven't been comfortable much the past 2 days to go full time with a 2 lot.

I like to think the market is fair, in that it's a true supply/demand market but in reality, IMO, it's all about the big money embarrassing (take $ from) as many people as possible. I just need to learn how to be on the right side of the trade.
 
i trust the market being fair ,the same way i trust politicians and carnies, still sh 86 adding 62 , target 52,will keep 86 sh for longer term, add 64, and 65
 
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