ES Journal Archive (2011)

[Now is Now]

Quote from Now is Now:

SLD 4925...Target 4650

Will ADD, if necessary


NiN

OUT 4650


NiN

 

[volente_00]

Quote from volente_00:

S 50

stop 53.5


target is 40-43



will either lock in partial profits at 45-46 and/or move stop to breakeven if we touch that

reduced half at 45.75 and moved stop to entry

 

[emg]

plan on going short 1356.75

 

[Picaso]

39

50

45

55?

 

[cashcarewins]

Quote from Picaso:

That's like saying: "Never ever date Asian women", easier said than done

---


Laissez Faire, I forgot to answer your question about the trailing P&L: once you're in the green for the week (month, whatever), you decide which portion of the profits you're willing to keep risking and at what point you will stop trading (same as with a trailing stop within a trade).

As with normal trailing stops, this has both advantages and disadvantages, of course.

This has to be the worst advice I see repeatedly. The market gives few enough good trading opportunities, arbitrarily stopping trading is just ... foolish. Trade when the market allows you to trade within your parameters, don't trade when it does not.

 

[Smart Money]

The markets will be moving up for a few days. I wouldn't be short here on any kind of swing trade.

 

[i_c_fed_people]

Quote from Smart Money:

The markets will be moving up for a few days. I wouldn't be short here on any kind of swing trade.

sounds good

 

[Smart Money]

Quote from i_c_fed_people:

sounds good

Not optimistic...just the way it is.

 

[i_c_fed_people]

Quote from Smart Money:

Not optimistic...just the way it is.

lol, I know that's the way it is!

 

[Smart Money]

1375 on or before Friday. Write it down, put it on the calendar.

Disclaimer: You take the risk.