ES Journal Archive (2011)

[mastacoli71]

Quote from JoshDance:

Not necessarily. People blow accounts in one or two trades because "it will always come back" and they trade without stops, and average down. It works great until it doesn't come back and you're on the wrong side. And even when it does come back, it's a hell of a lot easier to trade with the trend. A buy near the low and a sell near the high of the range would have yielded a nice profit, and then a fade could be established. At any rate, I hope your trade works out.

Like I said, if you have a rules, it works out. I work positions, I don't just blindly add and hold until I am about ready to puke.

 

[mastacoli71]

Quote from mastacoli71:

Like I said, if you have a rules, it works out. I work positions, I don't just blindly add and hold until I am about ready to puke.

It's all about controlling your risk. Those that blow their accounts out in 2 days have no business trading. I'll put money on it that they do not have rules.

 

[Wittgenstein]

Quote from JoshDance:

Not necessarily. People blow accounts in one or two trades because "it will always come back" and they trade without stops, and average down. It works great until it doesn't come back and you're on the wrong side. And even when it does come back, it's a hell of a lot easier to trade with the trend. A buy near the low and a sell near the high of the range would have yielded a nice profit, and then a fade could be established. At any rate, I hope your trade works out.

Right!

 

[ammo]

sticking to your rules,respecting discipline,allowing for movement,getting early confirms in other markets,controlled risk,early confirm in djt

 

[Picaso]

Trade what you see, not what you think

My 0.02

 

[bigsnack]

Quote from Laissez Faire:

but I`m amazed at how often the 50% level act as a turning point. Could not trade the ES without it.

+1, I love me some 50% retracements

 

[bigsnack]

Let's hope I get to keep what I just made. Stop at b/e.

 

[ammo]

Quote from Picaso:

Trade what you see, not what you think

My 0.02

keep that early crossover in the back of your mind

 

[gkramer]

Quote from Picaso:

Trade what you see, not what you think

My 0.02

This is as simple and as complicated as a trading plan should be.

 

[ammo]

spx slightly higher high,djt 4375 with a morn high of 4401