ES Journal Archive (2011)

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I might think the same, except Vol has consistently slam dunked money in the bank over a period of years. Been following this forum for years......"Rule of 10." What he and Ammo talk about reminds me of Spectre's "dispersion trade." I haven't posted that much; but I read this journal each day.


Quote from noaveragingdown:

Ya God forbid you are wrong again so time to average down and extend the initial stop to avoid being wrong.

Expected more from you.

NAD
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Quote from noaveragingdown:

My stops are small in comparison to my targets.

Is that all you got ?

NAD
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Hard to quantify that when your target is open


:)



I have noticed you have some great entries but keep getting stopped out once you trail the stop. Is the need to be right with your fixed target more important than the gains you consistently give back ?
 
Quote from ES.Dreamer:

Spot on, oldest mistake in the books, although I admit, I've made this mistake many times. In fact, to date, still do.

Over the long run, it's no good, it's a disease.

ESD
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Only if you let it.


What is the difference from me being short a 10 lot with a 30 point stop from 1320 or me being averaged down a 30 lot from 1320-1334 with a total stop of 10 points as long as it is within my risk parameters ?
 
Quote from bksmm:

Since everyone knows the US is not going to default, the initial squeeze may turn into a sell the news. I'm waiting for the market to tips its hand. We have a HnS on the daily with 2 LS and 2 RS. SPX may shoot up here like the failed HnS from the summer of 2009. Or we may go back and play oscillate the daily 20, 50, and 100 averages like we have for the past 7 days, with a possible test down to the 200 ma.
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yes



next lower high at 34-35 and test the 200 day for the next lower low
 
Some interesting comments and opinions tonight.

The topics 'stops' and 'averaging' differ for everyone. Luckily everyone thinks differently about them. This allows the trade to occur.

A nice thing about the market is, that regardless about our differing views on certain topics, we could all make a profit on our current positions regardless of direction.

We will just take them on different time frames.

Seeing how some are critiquing vol's style and trade reminds me how it feels very lonely at times when taking the other side of the majority trade.
 
Quote from volente_00:

Hard to quantify that when your target is open


:)



I have noticed you have some great entries but keep getting stopped out once you trail the stop. Is the need to be right with your fixed target more important than the gains you consistently give back ?
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Based on the backlog I just studied, NAD tends to take some humongous targets.

FoN
 
Quote from volente_00:

Only if you let it.


What is the difference from me being short a 10 lot with a 30 point stop from 1320 or me being averaged down a 30 lot from 1320-1334 with a total stop of 10 points as long as it is within my risk parameters ?
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Simple, dead wrong, very very wrong on full size, dead right, on small size. Not wise.

On top of that...

If you don't specify it before hand on your calls, it's fishy to say the least and could be considered a way to game your performance.

ESD
 
Quote from volente_00:

so you think we breakaway from the unfilled gap below ?


1323 is a key fib from this last move.
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If ES does not come back down to deal with the gap below, it will be after the new year high is made.

It just means that it will crash faster and harder from a higher price level. =)
 
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