ES Journal Archive (2011)

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Quote from eudaemon:

Are the funds that have a paper profit this year going to

a-take it.

b-watch it evaporate.

I'm going to go with b.:confused:
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I wouldn't want to be short over the weekend ...
 
As a strictly afternoon trader at the moment, it is very unpleasant to open my charts and watch the beautiful moves that often happen from the open. Today was one of those days :)

I managed to extract one point today on one trade. Not bad with a daily range of 29 points, no? :)

I was satisfied with my execution of the trade. I waited for price to close outside my designated "dead zone" at 1275-1278.

Short @ 1275. Stop @ 1277. I placed a limit buy @ 1272 at the current daily lows, anticipating at least a test of those, but possibly even lower.

When price started moving in my favour, I started trailing my stops and trailed it to 1274 and got stopped out :(

If only I had been away from my computer a few more minutes and let my trade work out :D

Actually, I believe I made the exact same mistake last Friday. I need to learn to trust my targets and let the trade breathe.

+1,0 points for the day.

+2,5 points for the week.
 

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Quote from Nexen:

Over the years Ive learned that it is not my job to sell at the highs that would be like joining the top calling gurus.

My job is to buy the dips and exit at new highs not stroke my ego into selling at the very highs :D
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quiet today
 
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