Listen to the S&P 500 pit session, market crash edition...
http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits
http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Not your business.
Unacceptable. Anyone who can read the market can see that emg is trading in the correct places. Your comments are typical of a bitter envious underachiever. You may stay mediocre if you like, but where do you get the balls to question the integrity of someone who has the skill and passion to take it to a level beyond your comprehension, let alone ability?
As for your comments about stops and other nonsenses. It is quite acceptable to have a 20 point stop on those days. You adjust size accordingly, which is no bad thing as you'll never get decent fills in any size in those markets. I traded 2-3 TF contracts during the afternoon yesterday, which is less than my usual size, however it was correct for the liquidity available and the size of my account.
emg is being unconditionally generous in posting live trades. If that generosity is abused, expect really expert traders to stop contributing. The inevitable result will be that only the crabs in the bucket remain. Those who sincerely aspire to success in this profession are inspired by posters such as emg, lex, NYSETrader123, and others. It shows what is possible and is sharing in good spirits. Your attitude is disgusting.
+1
Everyone was "GREEN" yesterday. I did not participate yesterday after trading earlier to the downside and was flat at the time of the 'off the reservation" happenings. You might ask... WHY NOT?
Because when the computers go apeshit there is a chance your order will get a HORROR fill because during FAST MARKETS trades can be busted. I can make money during NORMAL mkts, why would i want to play in a situation like what i saw yesterday? Like i said, the RISK to REWARD was not wise.
If you were around when a pit was deemed to be "FAST" by the exchange, that meant all orders were "NOT HELD", that simply means the exchange, the broker who fills orders was NOT responsible WHERE or WHEN your order was filled. It was and still is a license to steal.
In other words............. "TOUGH SHIT"
Gee, i am a DUDE, i am impressed. :eek:
PS: you claim everyone is experienced and conditioned these days? Really? Are you sure? You fail to understand that as humans we are all flawed in certain situations.
HOG OUT!!!EMG you might as well cross that off your list. We are never going to hit 1150.
I can assure you of that.
1150 is the number i prayed for last night, where i will dump the idiotic long positions i bought on Monday and cut my losses at something less than their current severe state.
So there is almost no chance in the world that we see 1150 today. Watch and see.
After yesterday, I'm not sure I can ever say never again. Let's see what the Job's numbers bring.
I will be honest, I am a fish out of water now. I don't know what/how to trade. All trendlines are pretty much toast. I'm usually patient, but I will be even more patient today.
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