ES Journal Archive (2011)

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GUYS SORRY FOR THE CAPS BUT I'DE LIKE TO JUST THANK ATTICUSS AND VOLENTE OPENLY (granted I had the same sentiments but they really put me over in terms of confidence)

Check this out: I entered the market with two cars because I had a confidence level of 87.6% showing that ES would rally to 90 and so I loaded up 3CARS!(i never do that and only trade one at a time). I got in at 80 this morning around 6am PST and let it ride as I went to school for class at 7am -- I get back and BAM +1500$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I just exited.

wow...thank you guys. Much respect.
 
Quote from atticus:

Long 82.00. SL 70.00, TP 94.00.
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I think that was a bold , brave trade. I could "feel" the downside subsiding but didn't want to fight the trend! only....you sold a little soon! :p
 
Quote from volente_00:

I was told you lost on this trade. Or maybe that other cat just borrowed your money and returned it to you today with interest. :)
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Yeah, I'll look into it... my loan rates are a bitch.
 
Quote from dadog:

One of the hardest skills to develop is finding that balance between the swing and scalp mentality. Either of these can bias the other negatively. If you are good at something, keep trading that until it's perfected w/o bias.

Once you feel comfortable venturing into another area of trading, in your case, larger moves. Then move forward. The minute you see that mentality affecting your "core" strategy, drop it. Since you may have to correct more than just financial damage.

I don't recommend swinging for the fences (picking tops and bottoms.) Focus on your strategy. A large percentage of the people at the bottom or top are people who have been stopped numerous times and now dug themselves in a hole and feel they "need" to catch the move to "makeup" losses.

It's very good you stopped and posted your frustrations, use the forum to your advantage. It'll help you reflect and build on your trade.
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Thanks. This stuff really confirms what I feel rather than letting myself talk me into jumping back in. I will trade the afternoon if it sets up. But, the overbought oversold signals are mixed so really there is no trade for me right now. I either need to wait until it pulls back to get long(if it does pull back) or wait for the signals to get back in line over time.

Example.... 15min says (no trade or flat)
1hour says (short)
day says (long)

I cant do much with that with my strategy. I have to have the 15min and hour in confirmation. The day is effecting it differently depending on the major direction. But, I have been able to go both ways during the downtrend so not sure how the upside will effect everything.

Really disappointing that almost all the trades I put on went into profit immediately (even if only a couple of tics) but I tried to let them run and that got me.

But, im very happy that I am cured of the stop moving that I use to do. I would be in a way worse position had I moved my stops.
 
Quote from RichardRimes:

I think that was a bold , brave trade. I could "feel" the downside subsiding but didn't want to fight the trend! only....you sold a little soon! :p
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Still holding 2/3 to 93-94
 
A good exit would be 16:15 est today.

Another good one when surferboy bites the bullet. (It may take days!, so different timeframe).

I see much rally territory ahead in the next week.

It's a bull market!. (I thought I'd never say that!).:D
 
Quote from ammo:

mentioned yourself 25-30 times in this post,hard to believe your here for anyones's benefit other than your own...and by the way...that ego is the reason for most traders 1st few busts,need to put mrket 1st ,ego back in the crib
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What an exciting morning you guys are having. I would be skeptical of anyone who claims they are posting PRIMARILY for any reason other than their own benefit.
 
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