ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Well, I probably should have traded with the trend today, instead I fought it. I was up $ 180, then down $ 220, then finally up $ 385 real money and now I am switching to sim.
What saved me was order management. I stopped using default auto stops and targets. Instead I was ruthless, as the trade started to go against me, I clicked CLOSE to kill the trade. I then waited for a bounce, and went long MARKET, as soon as I was up 3 points or so on 2 contracts, I again just killed the trade using the CLOSE button. You had to be nimble today. Of course if I just sold MARKET instead earlier and held it for awhile, I would have made just as much if not more money with less risk.
What saved me was order management. I stopped using default auto stops and targets. Instead I was ruthless, as the trade started to go against me, I clicked CLOSE to kill the trade. I then waited for a bounce, and went long MARKET, as soon as I was up 3 points or so on 2 contracts, I again just killed the trade using the CLOSE button. You had to be nimble today. Of course if I just sold MARKET instead earlier and held it for awhile, I would have made just as much if not more money with less risk.
This bullshit happened because of this :
Procter & Gamble
STOP NAKED ACCESS TO EXCHANGES !!!!!!!
Procter & Gamble
STOP NAKED ACCESS TO EXCHANGES !!!!!!!
So I left my desk and the mess happens. What happened :eek:
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