ES Journal Archive (2011)

aquarian1 · Jul 27, 2011

darn messed up!

oh well i'm sticking to the guns and ready to go down with the ship!!

down,
down,
down,
down,

letemrun · Jul 27, 2011

Quote from letemrun:

sh 05.75, stop 07.75, target 95
edit: moving stop to 06.5

cover 2/3 98.75, same stop, target 91

aquarian1 · Jul 27, 2011

"does you dog bite?"

- no

-Cluso is bit

"I thought you said your dog doesn't bite!?

- it's not my dog.

eudaemon · Jul 27, 2011

Quote from iloveoptions:

Longed small 1331.5 just a minute a go ...

Added 1303.75 for the 1st add.

Edit: The size of this add is 2X the initial position.
BE at 1313

The game. It is called trading, not averaging.

klinckphilip · Jul 27, 2011

Quote from eudaemon:

The game. It is called trading, not averaging.

lol. I am too greedy to let a trade go against me at all. If I lose a few ticks or I see momentum going against me I will leave a trade. I dont mind making 8-9 trades in a day to make sure I get in at the right spot.

Sometimes I hit it just right. Nearly 10pts today is good.

Or, If I have to keep trading around to break even I will.

FreakofNature · Jul 27, 2011

Quote from eudaemon:

The game. It is called trading, not averaging.

Trading is one thing, averaging is position management.

Two completely different things.

Trade and let trade.

FoN

eudaemon · Jul 27, 2011

Quote from FreakofNature:

Trading is one thing, averaging is position management.

Two completely different things.

Trade and let trade.

FoN

The more averagers the better the game. Elite Averager doesn't sound too cool.

Trade and let average, you mean?. Cool concept.

aquarian1 · Jul 27, 2011

Quote from klinckphilip:

lol. I am too greedy to let a trade go against me at all. If I lose a few ticks or I see momentum going against me I will leave a trade. I dont mind making 8-9 trades in a day to make sure I get in at the right spot.

Sometimes I hit it just right. Nearly 10pts today is good.

Or, If I have to keep trading around to break even I will.

good job 10 pts is great stuff.

Profit is a profit and 10pts is nothing to sneeze at
(almost 1/2 of the 23.50 days' range!)

FreakofNature · Jul 27, 2011

Quote from eudaemon:

The more averagers the better the game. Elite Averager doesn't sound too cool.

Trade and let average, you mean?. Cool concept.

I'm in your camp, I don't like to average down but I also understand there are many ways to skin this cat so different methodologies must be respected for the benefit of an open mind.

FoN

JSHINV · Jul 27, 2011

Quote from FreakofNature:

I'm in your camp, I don't like to average down but I also understand there are many ways to skin this cat so different methodologies must be respected for the benefit of an open mind.

FoN

I think that the major point of contention is averaging trades that are currently losing.