L another @ 1220.50
last bullet
avg L @ ~1223
last bullet
avg L @ ~1223
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
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1228 is about 50% isn't is LF?
Quote from Laissez Faire:
Sold 1221. Stop @ 1223,50. Target 1212.
Sim trade.
Done for today in my cash account.
Stopped. Good thing it was a sim trade.
Satisfied the gambler in me without depleting my account.
Yesterday`s close at 25,25 and the 20-EMA could be another reaction from here.
Correct.
someone, give me a reason to cover mylongs now?
please, make an argument
please, make an argument
It is a potential turning point as per my previous post. You could trail a stop just in case.
May very well burst right through it as well.
You know, I was planning to post something like this a while ago and forgot to. This was one of the last hurdles in my trading in the past 6 months, and I can't believe I didn't think of it earlier. Once I started opening the SIM platform right alongside the live platform, my win rate and accuracy on the live account went through the roof!
I realized that all I really wanted to see was an open position on the ladder, and that was the real lure of taking trades that didn't match my plan. I started taking all of "those" trades on the SIM, so that I got that satisfaction without any risk. Then, when I get that great setup where your gut just says "THERE IT IS DUMMY", those are the ones that I take live.
It also helped take the edge of performing off. If there is ever a day where I am feeling tired, non focused, etc., I can wail on the simulator to satisfy the urge
Quote from Laissez Faire:
It is a potential turning point as per my previous post. You could trail a stop just in case.
May very well burst right through it as well.
right. but i think we are oversold in short term and may very well see 1228, but not much more
Quote from bigsnack:
You know, I was planning to post something like this a while ago and forgot to. This was one of the last hurdles in my trading in the past 6 months, and I can't believe I didn't think of it earlier. Once I started opening the SIM platform right alongside the live platform, my win rate and accuracy on the live account went through the roof!
I realized that all I really wanted to see was an open position on the ladder, and that was the real lure of taking trades that didn't match my plan. I started taking all of "those" trades on the SIM, so that I got that satisfaction without any risk. Then, when I get that great setup where your gut just says "THERE IT IS DUMMY", those are the ones that I take live.
It also helped take the edge of performing off. If there is ever a day where I am feeling tired, non focused, etc., I can wail on the simulator to satisfy the urge
Very nice, bigsnack .
It is currently not written in black and white in my plan, but I consider implementing it from here.
It is hard though, because it goes a little against how I view the market, but I think it is fair to say that it is hard to sustain good discretionary trading for one complete session (at least for newbies like me). Maybe trading the whole session skillfully is something one needs to grow into.
Most of the days where I`ve been up a substantial amount of points, I have usually given away parts or all of it when I continued "gambling". Yesterday was one good example. Not interested in a repeat today.
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