ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from satchel:
got a 1236 print
yes, pale ale on me for all my friends, enemies, frenemies, whatever
Sierra Nevada is what i will be having sir. If you like the hoppie taste that is for you.
as a special treat, if you like the CLASSIC pale ale, serving Bass.
I for one would be interested if anyone did a quick summary of their trading day.
p&l
mmmmmmmmmmm.......Big Sky IPA http://www.bigskybrew.com/Our_Beers/Big_Sky_IPA or Madison River Brewing Company http://www.madisonriverbrewing.com/ Hop Fest. Great body, awesome finish.
And Stella by the 12 pack for those thirst quenching days. Indeed.
Yeah, shameless plug for GREAT beer.
More proof that God loves us and wants us to be happy.Quote from Laissez Faire:
With all due respect, Volente, I think your last three trades prove my point exactly and that is not counting previous occurrences that have been even worse.
I really don`t know what to say beyond what I said in my two previous posts. You set yourself up to lose with maximum size and win with lesser size often scaling out. You have great winning streaks, but I`m sure those inevitable losses on size eat into your equity curve.
Averaging into a predefined tight zone like you often do is the lesser of two evils and something that may make sense, but you still set yourself up to lose with maximum leverage instead of adding after you`re proven right. Further, I see you often breaking your initial plan when things don`t turn out as you expected, widening your stop and add a lot more only to get stopped out on maximum leverage at the turning point.
I know very well myself how it is possible to have a great winning streak and give it all back on increased leverage.
Now, don`t take this the wrong way, I think you are a great trader and one that I`ve learned a lot from (thank you very much), but I think you could pull home a lot more coin if you learned to take your losses and then with smaller size. Don`t be so stubborn those few times you are wrong.
Good trading, sir.
Easy for you to talk shit but have you posted 400+ points of winners in real time in the past 2 months?
You know what happens every time I have a 10 to 12 point drawdown ?
What follows is a 60-80 point draw up.
When you see me scale in that means I am not certain of the exact entry so I enter early, made 30 in 2 trades monday , lost 11 in 3 shorting on a 37 point trend day. Was long at 1200 and started shorting 5.25, also did 2 short scalps at 34.5 and 37 but did not post them. Do I regret only making 5 points from the long side on at 37 point trend day ? Nope, I traded what I thought and used a stop. Just part of being a contrarian trader. Life goes on
And I could give two shits about what you are anyone thinks about me, at the end of the day all that matters is my pnl over the long haul.
My intention was to ride a short down to gap fill and reverse long, the market did not agree.
Quote from macho grande:
avg down is trying to mitigate damage because the 1st entry sucked, agreed? or do some use it diff?
I use it to get in the trade instead of missing out on the move.
ihs see chart posted
Still short from 1234.75, but I won't be adding any further. Stop at 1240. I'll be targeting 1226.75 and reversing long there with a stop at 1220.
Thanks. Wish I kept this public trading journal my whole trading career. Probably would have not been bleeding as much for this long.
Let em have it volente, seriously. Afterward, put them on ignore. Responding to them is simply not worth your time. You have nothing to prove to anyone. Let your p/l do the talking.
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