Bought another 28.50
BE just under 30
BE just under 30
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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if it was so damn easy to short a trend day down, here we have a mirror pattern, but not only a fruggin mirror but a breakout on top of the mirror.
so if it is so damn easy to short, then what is sacrilegious about long side.
over the years, participated in chat rooms, like-minded people who made $ always shorting. i question longevity of this. there is another side called supports and it ain't there just to close your short position.
Interesting to look at ET posters (not this thread, other journals) who joined during 2008 haircut on S&P500 (assuming and it seems from their posts just started out) if they post p&L and kept a journal thread of transactions for that day you would be Challenged to find a long position. I ain't naming names, easy to see. Popular threads. Then a couple years later they are not around or not posting those entries or posting mixed losses. And you are wondering, great trader but what is going on. Then you check out the p&l threads, mostly props but yeah you can find others there, and the results are from both sides of market. i.e. is Lescor a bull or a bear?
I speak from some experience here having gone through a similar mentality. I started roughly 2002, 2001, I remember when the S&P500 hit 800, Bush, War, etc. The air was thick. We doubled that number in 5 years. So I was 'born' shorting my a** off on NASDAQ and it worked and well then it didn't work in 2003 : ) so had to adjust.
and then you find ammo who invalidates everything I've just said, rare bird.
And Macho, posted about adding to losers, I agree with you if I understand what you were saying, agree to a point. I add in ONE zone, leg in. If it doesn't work I have an uncle point. Because it's clearly going to the next zone past my uncle point and I can re-enter there. I don't add losers from zone to zone. Zone works or not. Not then out. That's why I stopped out and bought 1202.5.
so if it is so damn easy to short, then what is sacrilegious about long side.
over the years, participated in chat rooms, like-minded people who made $ always shorting. i question longevity of this. there is another side called supports and it ain't there just to close your short position.
Interesting to look at ET posters (not this thread, other journals) who joined during 2008 haircut on S&P500 (assuming and it seems from their posts just started out) if they post p&L and kept a journal thread of transactions for that day you would be Challenged to find a long position. I ain't naming names, easy to see. Popular threads. Then a couple years later they are not around or not posting those entries or posting mixed losses. And you are wondering, great trader but what is going on. Then you check out the p&l threads, mostly props but yeah you can find others there, and the results are from both sides of market. i.e. is Lescor a bull or a bear?
I speak from some experience here having gone through a similar mentality. I started roughly 2002, 2001, I remember when the S&P500 hit 800, Bush, War, etc. The air was thick. We doubled that number in 5 years. So I was 'born' shorting my a** off on NASDAQ and it worked and well then it didn't work in 2003 : ) so had to adjust.
and then you find ammo who invalidates everything I've just said, rare bird.
And Macho, posted about adding to losers, I agree with you if I understand what you were saying, agree to a point. I add in ONE zone, leg in. If it doesn't work I have an uncle point. Because it's clearly going to the next zone past my uncle point and I can re-enter there. I don't add losers from zone to zone. Zone works or not. Not then out. That's why I stopped out and bought 1202.5.
I'm out for a point. I usually go for more, but looks bullish today.
out all 31.50
classic, and sweet nice job MG!
the problem might be your looking at market thru a myopic lens..all you see are shorts? why? why short everything alltimes?
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