ES Journal Archive (2009 - 2010)

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Out 1104 for a profit, yea 1 whole point. Since no big sell off, decided to take out 1 point of profit instead of holding overnight. If I got stuck holding, I would have left target alone.

My problem today, was I did have a long earlier but did not give it enough room. This time I did give my short enough room and was able to get out. Not the profit I was looking for, but since the market broke the double top at 1106, I decided it was best not to let it rip against me anymore.

Quote from oraclewizard77:

Looks like double top. After getting stopped out short, I scalped long for .50 and am now short from 1105. Target is 1102. Its just 1 contract, so stop is wide.
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Quote from ammo:

>ever trade long?
, yep, got blown out, many years ago, now spend twice as much time looking at half the market, i'll get over one day, meantime if we ever wake up , down 500, i won't be on the wrong side
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+1, great post
 
R.I.P. discretionary day trading.

My autotraders make more money then me now. This is some cracker jack market we are playing with here. I am done until I see tradeable markets again. Could be a few months.... could be a few years but the markets always cycle and it's time for discretionary traders to run.
 
I put a 1 contract limit order in at 1110 no stop or target. If we get a spike up in after hours and I get filled then the market sells off, I may make some money.
 
Quote from oraclewizard77:

I put a 1 contract limit order in at 1110 no stop or target. If we get a spike up in after hours and I get filled then the market sells off, I may make some money.
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missed it much!@
 
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