ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from emg:

I dont put my stop. I average my price if the market goes against me. if the market went against me at 1171.75, i plan on adding at 1176.75 which will average my price to 1174.75 and move my profit target to 1173.75. Because the market made new high and the fund managers are in a position to exit their long positions from the low at 1168.75, the odds of profiting at 1173.75 is higher vs my original profit target at 1170.75. Plus, there is a higher chances the fund managers may begin going long below 1171.75. That is why i do not place my stop eventually, the fund managers will need to exit their positions.

I shoot for 1pt profit target because it falls near the 50% retracement level
More...

There goes the fund managers profit taking from their short positions
 
Quote from emg:

I dont put my stop. I average my price if the market goes against me. if the market went against me at 1171.75, i plan on adding at 1176.75 which will average my price to 1174.75 and move my profit target to 1173.75. Because the market made new high and the fund managers are in a position to exit their long positions from the low at 1168.75, the odds of profiting at 1173.75 is higher vs my original profit target at 1170.75. Plus, there is a higher chances the fund managers may begin going long below 1171.75. That is why i do not place my stop eventually, the fund managers will need to exit their positions.

I shoot for 1pt profit target because it falls near the 50% retracement level



There goes the fund managers profit taking from their short positions

------------------------------------------------------

Truly a fascinating post.
It is intelligent in it's presentation, but the logic buried within the content leaves me breathless.

I always thought the aim of a day trader was to return (on average) far more than he risked. And then to skew these odds even further by winning in excess of 70% of his trades.
 
Quote from jorgez:

Quote from emg:

I dont put my stop. I average my price if the market goes against me. if the market went against me at 1171.75, i plan on adding at 1176.75 which will average my price to 1174.75 and move my profit target to 1173.75. Because the market made new high and the fund managers are in a position to exit their long positions from the low at 1168.75, the odds of profiting at 1173.75 is higher vs my original profit target at 1170.75. Plus, there is a higher chances the fund managers may begin going long below 1171.75. That is why i do not place my stop eventually, the fund managers will need to exit their positions.

I shoot for 1pt profit target because it falls near the 50% retracement level



There goes the fund managers profit taking from their short positions

------------------------------------------------------

Truly a fascinating post.
It is intelligent in it's presentation, but the logic buried within the content leaves me breathless.

I always thought the aim of a day trader was to return (on average) far more than he risked. And then to skew these odds even further by winning in excess of 70% of his trades.
More...

My definition of a small account es day trader is less than $200K risk capital in the account. Fund managers (big accounts) have a minimual $800K in their risk capital accounts, however, i say the average is $5- 500 million in the accounts. The gov reports that 97% of the people lose trading in the futures market and i believe the reason is the small account traders are going against the fund managers or shall i say this, the las vegas tourist gamblers are challenging the casinos (the house) and in the end, the casinos (the house) always win. Or shall i say, in the end, the fund managers always win.

Therefore, if placing a stop, the fund managers will make sure u get stop out by using their million dollar leverage.
 
Status
Not open for further replies.
Back
Top