ES Journal Archive (2011)

[JoshDance]

Quote from JoshDance:

buy limit 51.50 tagged multiple times, no fill yet

EDIT: order cancel for now

I think my short was a revenge trade.

 

[letemrun]

Quote from JoshDance:

Got a source for any of this? Interested in what's going on.

funny thing is steveliesman actually put this out on twitter first the denial from the IMF that is. Twitter my friend Twitter

 

[trickshot]

Quote from fishing:

IMF denied the 600bln lending report. this is getting too ridiculous..

Someone must be making tons of money off these "rumours".

 

[volente_00]

Quote from trickshot:

The market's been stuck between the high 60s and low 40s for a couple of days now, theres been a lot of wild swings but it hasn't really gone anywhere.

Next stop 1227

 

[JoshDance]

The thing is, I had planned to go long at 51.50, and then decided against it; so the BS would have made me a nice chunk of change. So it's hard to be mad at it; however, I just don't like it based on principle. I'm here to make money so I must put my personal beef aside and trade what I see, and the long looked good anyway, I suppose the news just made it explode. I should not have been shorting that. And I should have moved the stop to BE given the time of day, to avoid a loss on that short.

 

[tit_head]

Quote from volente_00:

Next stop 1227

May have to tag 73 first

 

[tortoise]

Quote from JoshDance:

The thing is, I had planned to go long at 51.50, and then decided against it; so the BS would have made me a nice chunk of change. So it's hard to be mad at it; however, I just don't like it based on principle. I'm here to make money so I must put my personal beef aside and trade what I see, and the long looked good anyway, I suppose the news just made it explode. I should not have been shorting that. And I should have moved the stop to BE given the time of day, to avoid a loss on that short.

I must say I find myself grateful for this craziness. Not because I'm trading brilliantly through it--in fact, I'm not trading at all this week--but because it is forcing me, once and for all, to set aside my opinions/beliefs/feelings/pride/what-have-you and just accept the market on its own terms. I needed to learn this eventually. The sooner the better.

 

[tortoise]

Quote from volente_00:

Next stop 1227

what do you mean, precisely, by "next"?

 

[JoshDance]

Quote from tortoise:

I must say I find myself grateful for this craziness. Not because I'm trading brilliantly through it--in fact, I'm not trading at all this week--but because it is forcing me, once and for all, to set aside my opinions/beliefs/feelings/pride/what-have-you and just accept the market on its own terms. I needed to learn this eventually. The sooner the better.

Good point tortoise, and thanks for reinforcing this; I need to hear it too. Bull shit or not, if I fight the market, I get screwed every time.

 

[Zr1Trader]

I say 2 days.