ES Journal Archive (2011)

Status
Not open for further replies.
I made a profitable trade into a loser big time because i was showing off to my friends.

I will not EVER trade again if I am drinking.

My parents are going to kill me if they ever see this thread.

How can I be so dumb
 
Quote from Laissez Faire:

It has come to my attention that my postings here are not appreciated by certain individuals and I have been accused of plagiarism as well, so I think it`s time for a break at this point. I already spend too much time here (addiction) and was planning a break already so that I could get other stuff done, but this last one pushed me over the edge.

I racked up a few points today as well, but I got rewarded for bad behaviour at a point and I took that as my cue to call it a day. Most of my entries are quickly in the green and I do not have a problem cutting my losses on those or reducing risk for a small loss and getting back in later. My problem arise when I chase price, get filled and have the market reverse against me immediately. That`s when I have trouble taking my losses. That happened today and I ended up using a 6 point stop at a point. I could swear that another person took control of my body. I even considered averaging down, but then I heard eudaemon at the back of my head :) I did however see that technically, 6 points was outside the noise and that I had a decent shot at getting my target. Normally, I would prefer to take the 2 point loss and then get in at a lower/higher price and make up for my mistake with increased profits if I still believed in the initial trade, but realized that my execution was flawed on the initial entry. I got a favourable outcome on that trade and that`s what I meant by getting rewarded for bad behavior. A winning trade is not necessarily a good trade.

I do experience at times that my urge to trade and get in on the action is strong and that is something I should fear greatly. It usually happens when I`m not well prepared by the open and today was a tough day as well with the spikes and the volatility. I did however end the week at peak equity levels, so I`m not depressed yet. If I can improve and control my disciplinary issues, I think I will get along fine with the ES in the days to come.

End of transmission :D
More...
LF, that's too bad, I was enjoying your posts the most here. It seems that you were making progress and I believe posting is important for that.

Hopefully you will reconsider and continue posting, if not here then in your own journal, or you are welcome to post in mine :)

As for plagiarism claims, nobody owns the market or its analysis. If you read somebody's analysis, review it, understand it and agree with it, you can post it. Who cares who owns it??? what matters is that you are making money and helping others to make money.

Best, PO
 
Quote from Lawrence Chan:

Gapped up to fill the 1st upside gap now.

Has your outlook on ES changed?

=)
More...

Friday high is in the card today but as usual I have no idea what goes beyond that.
 
08-28-11 03:18 AM

08-25-11 06:43 PM

08-25-11 03:48 PM GMT

Quote from Buy1Sell2:

Order changed. Entry sell stop 1164.25 If triggered, the initial protective buy stop will be 1220.00. 1 contract.




--Stopped in. Lowering protective buy stop to 1191.25
--Keeping everything the same here. 6:43 CST 8/25/11
--Wow--not stopped yet? 21:18 CST 8/27/11
--Stopped out for 27 point loss on 1 contract. 8/29/11
 
Status
Not open for further replies.
Back
Top