another blowhard post propping yourself up(referred to yourself 7 times in 1 post) and rudely putting others down,just the facts jack,keep your personal mess of an ego out of tradingQuote from Blotto:
I took
I have against me
I posted this
made by bitch traders,
I suspect you are a frustrated loser - I don't have I gave yourself . So sweet
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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In the morning today on ES, there was a move down from 1243 to 1224.50 (18.5 points), a move up to 1239.25 (14.75 points). If you want to include the whole day there were four swings with a H-L difference of > 10 points.
If I interpret your summary correctly you have placed 13 loss trades today. What is going wrong that you are losing so frequently? Is your strategy insufficiently reliable or are you not executing your strategy reliably? Also, being 6.5 points offside is to be avoided, especially when you average less than 1/6th of this when closing a profit trade. In this volatility entries can be taken within 3 points of the high or low of the move. More accurate trading allows tighter than this - for example I took 2 ticks heat on my final trade which was a buy for +6 from 1233 to 1239.
You say you wish to avoid trading a part of the day. Does your strategy genuinely perform well after the first three hours of the session (proved by extensive testing), or is the avoidance a psychological issue?
Takeaway for the day: day trading a volatile futures market requires an precise and reliable methodology and the correct temperament to execute. Losing days and a low strike rate severely limit the ability to compound up trading size, limiting your outcome. Perhaps spend some more time working on these areas and return to live trading when you are better prepared to make a success?
Your drawdown is down to how far the market moves against you before you close your position at a loss, not how far you expected the market to move in your favour. Why not use the same stop / risk tolerance on each trade whether you expect 3 points or 10 points, and take your profit according to whether your strategy indicates a higher probability of a move continuing on for 6 points or stopping at 3 points?
I don`t follow the other journals, but I`ve yet to see any live calls from you, unless posting cryptic calls and selective blotters after the fact counts.
You claim to know with intimate accuracy where the market goes at any time, yet you failed on your call of 50 being the next price earlier and also with regards to a close above 40. Actually, I`m surprised you did not delete that earlier call of yours like you did the last time you were wrong here in this journal?
For now, your mouth still runs way beyond your profits. If you were to prove anything, not that I care if you do, you would have to post real-time calls, entries and exits, and a real blotter (not one where you highlight only your winners) containing all your trades for that trading session.
Now, your counter-argument will probably be along the lines of how you owe nothing to ET and that you posting live calls will not learn anyone how to trade. While both statements may be true, it will prove that you know what you are talking about and are worth listening to.
If your abilities are anywhere near what you claim, then I would not hesitate to take my hat off for you as a trader, but for now I remain unimpressed by your large mouth.
Money talks, bullshit walks.
Isn't it fun to chop quotes?
My experience at ET is filled with irony. I leave myself completely out of my posts and just give suggestions based on sound reasoning and testable arguments with no mention of how I trade and my results. Outcome - people give me ad hominem arguments.
I am abused and talked down to by ET losers who I have tried to help, or who I have not addressed directly but feel it is their mission to add unsolicited drivel to a serious discussion. They make it personal.
ET folk ask me to post some live calls or trade blotters to "prove" I am worth listening to. So they make it about my trading results rather than the views I have offered. I post select calls, all of them winners to prove a point to anyone who wonders if it can be done and if I can do it.
Outcome - neither my live trading calls (all precise and correct) nor my observations of how to use the markets draws any analysis or feedback, however the losers who gave abuse are back on the boards to bitch about how badly the market is treating them.
CL sprint blew out and stopped trading, picasso can't trade so is blaming the market for his losses, bhardy307 wonders if it is realistic to make $150 a day but has problems pulling the trigger, jojo.ojo (who wants to make a million dollars) got stopped out on the trades I warned him were doomed to lose, oraclewizard told me nobody was interested in my contributions however he wisely changed his mind and made money copying my trade in the CL thread, and you call me a self promoting blowhard despite making over 11,000 (count them) posts in four years.
We did however see 26,50 today, Blotto, I`ll give you that.
In order to bring new readers up to speed, this was a call that Blotto deleted just after he found out he was wrong, but someone at the journal made a snapshot of it before it disappeared.
Too funny.
GordonTheGekko
Guest
Lol... someone taking screen shots?Quote from Laissez Faire:
We did however see 26,50 today, Blotto, I`ll give you that.
In order to bring new readers up to speed, this was a call that Blotto deleted just after he found out he was wrong, but someone at the journal made a snapshot of it before it disappeared.
Too funny.
Not a good idea blotto...
I have a small feeling the vast majority of ET'ers are all losers who are losing money, but are just about to "win a ton" and "manage a significantly larger portfolio" starting tomorrow morning...
its not the trading its the insults,who needs it,the market will slap you around enough,then there is an air that you see what others don't,we are all watching the same movie,stop putting folks down,chopped your post just to point out ,since you seem to be blind to the fact,that you are stuck on yourself,forget the ego ..hard to believe anyone who hasn't learned to put the kabosh on his ego ,ever makes any moneyQuote from Blotto:
Isn't it fun to chop quotes?
My experience at ET is filled with irony. I leave myself completely out of my posts and just give suggestions based on sound reasoning and testable arguments with no mention of how I trade and my results. Outcome - people give me ad hominem arguments.
I am abused and talked down to by ET losers who I have tried to help, or who I have not addressed directly but feel it is their mission to add unsolicited drivel to a serious discussion. They make it personal.
ET folk ask me to post some live calls or trade blotters to "prove" I am worth listening to. So they make it about my trading results rather than the views I have offered. I post select calls, all of them winners to prove a point to anyone who wonders if it can be done and if I can do it.
Outcome - neither my live trading calls (all precise and correct) nor my observations of how to use the markets draws any analysis or feedback, however the losers who gave abuse are back on the boards to bitch about how badly the market is treating them.
CL sprint blew out and stopped trading, picasso can't trade so is blaming the market for his losses, bhardy307 wonders if it is realistic to make $150 a day but has problems pulling the trigger, jojo.ojo (who wants to make a million dollars) got stopped out on the trades I warned him were doomed to lose, oraclewizard told me nobody was interested in my contributions however he wisely changed his mind and made money copying my trade in the CL thread, and you call me a self promoting blowhard despite making over 11,000 (count them) posts in four years.
Two today in CL redux, with entry blotters. Both were sells within 1 minute and 15 ticks of a multi week new high print. Both sold off for more than 60 cents.
One yesterday, also a multi week high called within 1 minute and 15 ticks of the high print. I posted in advance the price level I would short.The market sold off over 250 ticks from this entry.
Two long calls in ES today, the second with an entry blotter. Six point gain. Was wrong about both the 1250 level and closing above 1240. However both long calls did not move against me even for a full minute and both went at least 7 full ES points higher than my call.
Two calls on the jojo.ojo journal - telling him that his stops (my targets) would be hit within the week. December Heating Oil was hit the following day and March Corn came within a quarter of triggering his stop today, and he entered 20 cents higher.
In terms of exits - if I call a short and the market goes 9 ticks higher and then sells off for 253 ticks it is quite clear whether I knew what I was doing. If I proceed to repeat this with five intraday calls moving significantly (50 ticks CL, 7 points ES) in my favour immediately to the minute of when I enter doesn't that tell you something. Yes, that unless the positions are closed immediately on entering (illogical) then they are not closed at a loss.
Where to take profit is down to the trader. I am just posting entry calls. Has anyone bothered to pull up a 1 minute chart and cross reference my calls with what happened on the chart?
Doesn't seem to be much interest in learning here, just demands to "prove yourself" and requests to spoon feed. If nobody is taking the trouble to analyse my trades and commentary and give me any feedback (other than requests for more 'proof') then what is the point of carrying on? A bad trade, no?
Quote from Laissez Faire:
If your abilities are anywhere near what you claim, then I would not hesitate to take my hat off for you as a trader, but for now I remain unimpressed by your large mouth.
I never made any claims for my own abilities. I simply posted some suggestions on ways to approach learning how to trade, and suggestions not to trade live until a profitable strategy was in place. I was abused and asked to prove that I was a decent trader by showing people where I would trade. I posted on the CL thread that entries can be within 15 cents of the high or low print at the start of the move, and entry time within 1 minute of this high or low being formed. I was told nobody could do this and I was a liar. I posted three examples of doing just that, each time at multi week new highs in an "uptrend" where the orthodox mindset on elite says is a low probability or "risky" trade to prove this point. And it is lost on the audience, who seem to be interested in heckling and going in circles rather than taking the time to analyse the content which they ask me to produce for them (the live calls and analysis).
I agree that I have let it become too personal. Two reasons: firstly I don't appreciate being retorted to with abuse when I offer polite and helpful suggestions. This irritates me to the extent I'm willing to be quite blunt in pointing out the obvious shortcomings of my critics.
Second, I recently had a bad experience with a person I knew who became a degenerate gambler and stole to fund his "trading". He is now in prison and several people associated with him have lost significant sums of money and have gone through a considerable personal ordeal as they knew and trusted this individual (who stole from his own relatives and friends).
I can see that this becomes a losing proposition for many where time and money is wasted to no beneficial outcome, but for a few it becomes a sick obsession and I'd really like to help as many people as possible by pointing out the facts and discouraging them from trading live until they know exactly what they are doing. If they are not suitable to succeed then at least they will realise this without significant financial losses and the risk of a gambling problem.
The problems come first from the manner in which I communicate, and second the fact that I am telling people things which they do not want to hear. For those who are trading before they have learned how to make money consistently, objectively assessing what I say would contradict their trading fantasy.
Regardless of the past and my intentions, there is a point where I become part of the problem. It is obviously useless to persist and every post I make is averaging down on a losing trade. No thanks, I'd rather just let it go. There are now enough of my posts that somebody serious about trading who can get beyond the form and go to the substance might find some helpful ideas. Also, posts by Cheese are a good place for an aspiring trader to cut to the chase of what is required.
Thanks to everyone for providing the feedback which enabled me to arrive at this decision. I wish you all good luck in your future trading.
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