ES Journal Archive (2011)

Status
Not open for further replies.
Quote from JoshDance:

Indeed V, lots of merit -- also though, having the flexibility to add to a position after scaling out part of it is attractive as well. I see lots of people (and myself too) only scale out. The problem is if you catch a great move you have so little left if you haven't added to it that you then have to make the same decision as if you only had one unit to begin with -- do I take it off here, or wait?

Now, I'm talking about adding to a winner only, such that the add will place the average price still below the stop loss for the entire position (on a long).
More...

Valid points, Josh.

I'm playing around this idea: suppose you buy 3 contracts of ES, all at the same price. Treat them as three trades. 1 contract you have a 1:1 r/r, the second a 2:1 r/r and the third 3:1 r/r.

So basically if the price went to the stop, you would exit all. If however the price went to the first target, you would exit one contract. If price went to the 2:1 target without stopping out, then exit 1 more contract and similarly for the third contract, or maybe even let that run with a trailing stop.

Thoughts?
 
Quote from Laissez Faire:

Thursday close.

Not as convinced any longer though.
More...

Except that Thursday's close was 55.75 -- which was tagged, and then reversed. Just pointing out the relevance of the actual closing price.

Quote from Laissez Faire:

Probably just random, but we topped out at R1 to the tick for now. :)
More...

Very random, as R1 based on RTH is actually 57.75 :)
 
Status
Not open for further replies.
Back
Top