ES Journal Archive (2011)

[macho grande]

Exhaustion bar imminent, clean out weak longs then nice rally for mr klaus

 

[gmst]

Quote from gmst:

short 1231, could be a bit dangerous, but i will take my chances.

covered 1226

 

[satchel]

stopped on my 2nd half. pfffft. 1227 L order on touch.

 

[macho grande]

Quote from gmst:

covered 1226

very nice trade! trading with trend don't always suck does it

like to see a pop down to 22 from here..hmm

 

[gmst]

Quote from gmst:

covered 1226

Now bidding 1223

 

[JoshDance]

Quote from gmst:

covered 1226

nice trade gmst!

 

[Trvlwanderer]

Quote from gmst:

covered 1226

well done.

 

[Builder17]

long 26
stop 24
target 29

 

[gmst]

Quote from Trvlwanderer:

well done.

Thanks Josh and Trvlwanderer....I have lost way too much money trading ES....every win is a step forward

 

[iloveoptions]

Quote from JoshDance:

Shorting 34 and enduring a 16 point drawdown with probably lots more actual risk attached, and holding for a target of 8 points IS a loser, even if you win the trade. Winning these types of trades is called being lucky. Be thankful you only lost 5 points with such a bad entry. Either way, you shouldn't listen to someone else's advice, and especially not use it as an excuse for a loss, as you are the one who took the trade and the loss.

That's funny man. I mean every trade that's placed can have "probably lots more risk attached" to it as you say, and is only known AFTER the fact. If taking that kind of risk is part of my trading plan, who are we to judge how a trade should have been planned when the outcome is only known afterwards. But it's always easy to talk this way in hindsight, isn't it? lol

You said I'm making excuses for the loss, but in reality I'm not. I did choose to have other "gurus" affect my decision making to prove to myself that what I was originally planning to do is sound.