ES Journal Archive (2011)

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Quote from Trvlwanderer:

trend.

wide stops in conjunction with relative size of pullbacks/retrace etc.

add to winners on pullbacks.

do not call tops or bottoms unless an exteremly strong exhaustion is obvious....then a very tight stop...maybe 5 contracts with 1 points stop.

trade management more than being a quant.

Write a plan and stick to it. record each time you violate it and get an ass kicking.

Losses happen....don't beat yourself up if you followed the rules. The market gets a asay in your plan as well.

Don't follow gurus. :cool:
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Thanks, I seem to have the same trading rules as you. I guess your better at it than I am. Maybe I'll give it another year. Seriously doubting this profession. Seems like only the mathematical geniuses make it here.
 
Quote from HurricaneUS:

Stop spinning your wheels and Quit NOW!!! will be the best decision you ever made...I guarantee it...
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Why do you say so? I am really thinking about quitting.
 
Quote from seouljah75:

Why do you say so? I am really thinking about quitting.
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...because there are other opportunities out there. Trading is not the only game in town. think about a business franchise....hell even online poker is now legal...I know more successful poker players than successful traders...

you've wasted a year already, don't waste 5 or 10 years
 
Quote from satchel:

that hourly candle has taken out two days of albeit paltry,gains.

hoo rah bear bretheren, fresh baked new lows. here comes the 1240s, then the 1230s....

eurusd is out of range mode.
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trend change people. ES down 20 points from the top. 60 minutes looking fugly. hope you sold your swing long positions during the last two day complacency.

$__$
 
Quote from HurricaneUS:

...because there are other opportunities out there. Trading is not the only game in town. think about a business franchise....hell even online poker is now legal...I know more successful poker players than successful traders...

you've wasted a year already, don't waste 5 or 10 years
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Maybe you're right. My wife and I are moving to Japan in May. Going on sabbatical. I'll give this trading till then. If Im not able to turn a decent profit by then, forget this endeavor.
 
Quote from satchel:

trend change people. ES down 20 points from the top. 60 minutes looking fugly.
$__$
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I thing so, daily charts are down on correlations indexs as well
 
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