ES Journal Archive (2011)

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lesson learned time # 4872: put the stop at a logical place, not based on my entry. It's finding support but at least I could have still been in the trade.
 
Quote from JoshDance:

with only 10 minutes to go, seems improbable for a move of significance with the way they are buying and selling both sides
its like the kiddie bowling lanes with the air tubes in the gutters,exp
 
TICK spikes +10 000. Then dumps. -20 000. Back up. Rinse and repeat.

Close at 1215?

Could we see something in the last 15 minutes? New opportunities next week. Seems smart to let the big boys battle out this one.

Later, traders.
 
Quote from JoshDance:

lesson learned time # 4872: put the stop at a logical place, not based on my entry. It's finding support but at least I could have still been in the trade.

Place the stop where, if hit, proves you are wrong in the trade.
 
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