ES Journal Archive (2009 - 2010)

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Quote from volente_00:

Does he even use a stop?
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I think he said that his 'stop' is a big chunk of his account.

He seems to take 3-4 points profit per day for long periods of time which he uses as a buffer for when the market takes a big hit. (He seems to think these times are rare and says he accepts them)

I bet he's still been taking +3's most days and still improving his average along the way.

Not how I chose to trade though, but to each their own!
 
Elaboration.

A I stated before, July 7th daily action is going to be a bitch to break. As unstated, I have a Buffet low defined at Nov 3rd lows, I think 1028 or so on cash. That is the point where every big bet is turned upside down and under 1010 on cash it is a complete dump. Till then...
 
Quote from Picaso:

You can laugh all you want, but when the ES makes it back all the way to 1128 and he exits with a +3 profit, we'll see who gets the last laugh...
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Lol, that would be the hardest 3 points ever made in the market. I would be surprised if he didn't close that trade out...no one should trade like that. Even ammo closes out things when he doesn't see it going in his favor.

Anyways, Kudos to him and his heat-taking ability.
 
Quote from Picaso:

You can laugh all you want, but when the ES makes it back all the way to 1128 and he exits with a +3 profit, we'll see who gets the last laugh...
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+3? In the pm he sent me he said he was holding his 1041 until we hit 1200 - 1220
 
Quote from candles:

I think he said that his 'stop' is a big chunk of his account.
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I have at least 5 of the frequent posters on Ignore, so I am missing half of the conversation. Who are we talking about here?

Quote from NoDoji:

I was using a lot of nasty words after yesterday's close....
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That is probably just the time of the month, hon. :)
 
In other words he won't post until he can say he added and his head is above water when before he had time to post every day.

Quote from Airwaves:

The beach?!
I wish! I live in the UK!
Been busy with other stuff today. Not been trading or even been online.

Due to closing most of my add-ons for the +20 I posted, I again have lots of shots to fire to average in long, but am in no rush.

Daily is looking a little bearish, so i'll hold onto my 2 long positions and add long when i think the time is right.

I'll try and post it here whe i do, but, to be honest, i've realised that my style of trading isn't really suited to a trading forum and its becoming a bit of a chore recapping my current positions on every post etc! lol.
Cheers
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Quote from candles:

I think he said that his 'stop' is a big chunk of his account.
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I think a while back he said ES had to drop to 1020 before he became concerned.

I'm looking to go long @ 1020.00 :cool:

(j/k AW - XXXOOO)
 
Quote from volente_00:

+3? In the pm he sent me he said he was holding his 1041 until we hit 1200 - 1220
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No silly, that's just to mislead you so you won't front-run him - that's not the way it works. The key is holding your winners for +3 (and the occasional +4 home-run) and then holding the positions that question your manhood for as long as it takes. Then if you average in, instead of trying to bring your breakeven closer so you can start exiting at be or positive on a pullback, you hold your add-ons for +3 and count them as winning trades.

(I can see averaging down à la Ammo - which is what I thought Airwaves was doing - even if it's not my cup of tea, but I just don't see the rhyme or reason of entering add-ons 20-30 or more points away from your initial position and exiting at "+3").

Anyway, hope you get out of this ok, Airwaves.
 
Quote from schizo:

Hey vol, call for help. I think I'm becoming one of your boyz! :D
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Did you notice the distance of the move that lead to 37 ?

What became of your 48 short ?



Nothing wrong with posting trades but it might confuse some if you only post the entry.
 
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