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ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from klinckphilip:
Got stopped out with a move 1 tick below my stop. That stop was a little too tight. But I got back in and it seems to be running the correct direction now. Gonna keep the stop low until there is a real upside.
Ok that one worked. I think I got out too soon but I did not want to risk it.
-2.75 this morning
14.25 this morning
Loss of -3.50 before this one.
9.5pts on that one.
17.50pts today. That is one of my best days ever.
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Quote from iloveoptions:
Good pay day! Nice work.
Yeah, all I have to do is listen to my strategy and follow it. My problem is I try to push it too early and get out too early.
I am going to continue to post to make sure I am held accountable and try to follow the strategy a little more closely.
Stops seem to be a problem of mine. I want to keep them out of the noise but I also do not want to have huge stops. So finding a middle ground will be key.
auto 3 point stop on entry (i pick what I call 2nd mouse entry on the 5 minute). After the first retrace is over( after position fill) on the 1 minute, stop gets moved to BE+1 tick. ...does that make sense?Quote from iloveoptions:
If you don't mind me asking you, how do you determine your stops at the time of position initiation? I noticed you choose 3 to 4 point stop. Does it have to do with a key level that you think would not get violated?
Edit - I think 'NoDoji' on CL boards came up with the phrase '2nd mouse entry'. She has since moved up in the world of trading and moved on....
Quote from klinckphilip:
Yeah, all I have to do is listen to my strategy and follow it. My problem is I try to push it too early and get out too early.
I am going to continue to post to make sure I am held accountable and try to follow the strategy a little more closely.
Stops seem to be a problem of mine. I want to keep them out of the noise but I also do not want to have huge stops. So finding a middle ground will be key.
I see. Do you always trade with 10 lot at a time? Do you ever add or scale in/out.? Finally, what kind of margin are you using per contract? Thank you.
Quote from iloveoptions:
I see. Do you always trade with 10 lot at a time? Do you ever add or scale in/out.? Finally, what kind of margin are you using per contract? Thank you.
No, mostly 1 lot. But, I will go 10 if I feel it is a good solid move. I never scale in or out. I either catch the move or I dont. $500/contract
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