So bottom line, you got stopped out?
NiN
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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So bottom line, you got stopped out?
NiN
Always use proper trade management.
Moved stop to below break even before going to bed. I was more concerned to see if cycle reversal direction would move outside of the 1261.75 range on the [30 min chart] so I set a target for top of range 1263.75 and another way outside of the range right at the pivot on the 30 min chart because cycle reversals hardly ever go outside of the range. It came .50 away from the pivot which was way outside the range. I am very happy with this.
Being stopped out is not a bad thing when your stop is below breakeven. I frequently move my stop to below breakeven when possible just like I did on the trade yesterday I posted and when I post my trades I always post where the original stop was because unless I do not use stops a market could go 8 points against me and I could still act like I was in the trade. Original stop always posted and during normal market hours (New York) I try to post updates like I did yesterday but at least I post my original stop.
Entry 1266
1 off @ 1263.75
1 off @1265.00 (stop)
Could have easily set a profit target at 1261.75 bottom of range and easily got that. I was more concerned with the process on the 30 min chart and I am very pleased.
ADD'd 7650 Target 7375
Will ADD further ,if necessary
NiN
nice call
Never underestimate the power of open put interest during option expiration
How convienent of you to post that you moved the stop to breakeven AFTER THE TRADE stopped you out.
I was just going to post a nice observation about the options expiration post you made
Is this take a shot at mwingo every morning. Is it now apart of your trading rules.
I always move stops below breakeven when possible and have previous reference to that being how I trade. I do not live for Elite trader where before going to bed I go oh, I got to update elite trader because if I do not Vol is going to take a shot at me tomorrow because that is just what he likes to do.
Its apart of his trading rules. If all else fails take a shot at mwingo, cant go wrong there. Hope by taking shots at me it some how increases your PnL. If it does not then it must be more personal reason to keep taking shots at me.
I personally do not like paul tudor jones but I loved his results; you do not have to like a trader to like their results. (Actually I like paul just proving a point) and paul could have not said it better
69-71
79-81
89-91
which tag first?
=)
79-81
89-91
which tag first?
=)
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