ES Journal Archive (2011)

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Quote from Jestersofmalice:

Im glad to hear that others found it a hard/'strange' day.
I lost 9 points.
Confidence killer, lol.
Lets see if I fare any better today.

It's perfectly alright and quite natural to have losing days, just as long as you keep the losses under control, there's nothing to worry about.

Crazy A
 
Quote from startraitor:

Take your pick. Ok, Ill say Tuesday.

You are quite certain on this call huh?

I try never to marry a read, the market has this habit of surprising us more often than not.

In any case, I hope you get your targets.

FoN
 
All calls are useless without a low risk/high reward tactical execution plan. Having said that, the decline into mid September is planned to be a DECLINE. Maybe it will dwarf all previous DECLINES.:eek: :confused: :(

Now I'm off to make my 3 points or more a week, same as I made yesterday...again.:p
 
Quote from volente_00:

slow grind north on low volume =


me averaging into a short from 1209.5-1215 es with a stop at 1225 and a target of 1177




OCO reduced me at r10 and stop is now moved to 1210
 
Quote from volente_00:
Quote from volente_00:
slow grind north on low volume =
me averaging into a short from 1209.5-1215 es with a stop at 1225 and a target of 1177
OCO reduced me at r10 and stop is now moved to 1210
Maybe you can explain it to me: I'm open to change my mind wrt "averaging".
You shorted at 1209.50 and got lucky at 1210.00 too, each with X number of contracts, you put OCOs and went to bed, now the market dropped to 1200 and you "reduced" your 2X position to Y contracts.
Had the market kept going up, you'd have sold X units every half a point till 1215, with an overall stop at 1225.
It seems like a huge risk for a very small actual reward, as you only managed to put a peanut size position on.
Please correct me where I went wrong.:confused:
Not sarcastic, assume I'm just too stupid to see it.:(
 
Quote from Lawrence Chan:

You consider this a new trade or the booked profit from Sep contract is not used as part of the risk calculation?

This is not a new trade, just a continuation of the previous trade. Booked profit from Sep contract is not considered booked yet. :)
 
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