ES Journal Archive (2011)

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Quote from Laissez Faire:

Nice entry and nice drop :)

Where do you get out?

Subtle double bottom at the one minute here. Seems like there is a big fight going on in this zone :)

Just holding on right now. 3pts of loss potential. Happy with my stop move but right now the 15min is fighting the hourly. Ill just wait this out. Hopefully it doesn't take me out in the process.
 
Quote from klinckphilip:

Just holding on right now. 3pts of loss potential. Happy with my stop move but right now the 15min is fighting the hourly. Ill just wait this out. Hopefully it doesn't take me out in the process.

Please do not hesitate to tell me to mind my own business, but is it good trade/risk management to allow a day trade that is 9 points in the green turn into a 3 point loss? :)

That`s a 12 point move against your most favourable excursion.
 
Quote from Laissez Faire:

Please do not hesitate to tell me to mind my own business, but is it good trade/risk management to allow a day trade that is 9 points in the green turn into a 3 point loss? :)

That`s a 12 point move against your most favourable excursion.


No I should have gotten out earlier. But, I run a business out of my house and when I get busy I dont get to look at my trade for 20-30 min and it starts to go against me.
 
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