ES Journal Archive (2009 - 2010)

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Quote from emg:

Based on the volitilty yesterday, the 1point profit target becomes 5pts profit target today
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Does that mean you'll be willing to take 375 pts heat to achieve target?

:D
 
Emg, truth is that you are often very correct about reversal areas.

One another thing is that if you are trading 1 contract (normal size) you were as minimum 15 grands in hole yesterday - if you traded like you wrote. If you original size is bigger, multiply.

For your trading style (I have similar, just I have there big disaster stop for "rarities" like yesterday) are just dangerous days like yesterday those in principe can blow out our accounts until the market recovers. For trading like yesterday you needed may be 30 grands for starting 1 ES contract in your account.

I dont say that you are not legitimate but posting some screenshoots will kill small worm in me and shut up others.
 
I need a blowout jobs number. I dont think anyone at all is worried about rising rates at this point.

An incredibly strong economy is more important given Europe weakness.
 
Quote from Pholeuon:

Emg, truth is that you are often very correct about reversal areas.

One another thing is that if you are trading 1 contract (normal size) you were as minimum 15 grands in hole yesterday - if you traded like you wrote. If you original size is bigger, multiply.

For your trading style (I have similar, just I have there big disaster stop for "rarities" like yesterday) are just dangerous days like yesterday those in principe can blow out our accounts until the market recovers. For trading like yesterday you needed may be 30 grands for starting 1 ES contract in your account.

I dont say that you are not legitimate but posting some screenshoots will kill small worm in me and shut up others.
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to take the emotion off, people need $100K per contract. I mean, this is futures market. if anybody tells me future market is not risky, they are dead wrong even if places stop loss. look at yesterday, 10pts leaped per 5 seconds. let me give u an example

in dec 2003, i almost got killed trading in the live cattles market when the media released mad cow dieases the day before xmas. after the news came out, cattles market went limit down 3pts 4days in a row. i was long and could not exit my positions. and i was down $67K on day 3. on the 4th day, the market retraced more than 5pts. also, my broker was presuring me to exit fast because i was on the delivery week

summer 2005, beans went limit up and down 50pts every week. In 2007, beans went limit up and down 90pts. i was trading in that markets

fall and winter 2008. stock market crashed.

the question is, would i trade with less than $100K in the futures market?

i mention before in this post, i think in march that futures market is the riskiest market. however, many critics disagreed with me.

I think that is why 90% of the people lose trading in the future market because they do not understand the risk involved and trading with little money in the account.

how i trade is, with substantial money in the account or $300K plus with few contracts to trade because i be adding. that is how i control my emotion and fear.

i dont over trade. never
 
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