I am being SQUEEZED!!!! by the ES

Quote from asiaprop:

does it matter? Why do you care? Being in the market, you trade at any given time against a host of different humans and machines. It all comes down to your own trading with edge, this trade had zero edge, thus it was at any time during the holding period a bad trade, so simple. If you worked out an edge you would not have to wonder how others do and how good or bad they are. I chimed in because I want to warn newbies to follow any advise given re this trade other than that it was a stupid trade. If you read any of my past posts you find that I try to give back a little by flagging bs so beginners who want to put in the work and effort have some minimum guidance.
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I agree, demo or not, this was not a good trade. Still something to learn from if you're new. A stop in on this trade would not have provided edge here.
 
Quote from lurefo:

because you measure a strategy's "edge" on 1 trade? cmon on folks...
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any number of trades placed without a stop amounts to the same "edge"
namely... unacceptable

just stop and reflect upon trading for a moment and count up the number of inputs that you have some control over.
 
Quote from lurefo:

because you measure a strategy's "edge" on 1 trade? cmon folks...
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Sure, you're correct, but then what is the point of this thread? Perhaps he's been making poor-expectancy bets and not experiencing any outliers. Maybe he's risking 2:1 at a hit-rate of 80%. All we do know is that this trade sucks balls and it was likely a trolling exercise.
 
Quote from startraitor:

Haven't we established this is all pretend?
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Probably, but we still can make the thread educative/entertaining. Let's assume it is real, had he got out in the money with a decent profit and let a SMALL position on, that would be fine. He is still way too big and the market doesn't seem to be going his way....

P.S.: I am also curious if he can keep up the consistency about the pretense...
 
Quote from Pekelo:

Probably, but we still can make the thread educative/entertaining. Let's assume it is real, had he got out in the money with a decent profit and let a SMALL position on, that would be fine. He is still way too big and the market doesn't seem to be going his way....

P.S.: I am also curious if he can keep up the consistency about the pretense...
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OK I'm sort of over this thread because since 12/3 Saxon has had a multitude of opportunity to scale out/down and reduce exposure. Problem appears to be a stubbren adherence to some predefined target. Its great when a trade works but at some point you have missed the target. We very well could get back down to 1200 before exp but at this point how much pain are you willing and able to take? At least no more whinning.
 
Quote from atticus:

what is the point of this thread?
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The whole thing is just an ego trip IMO. It's easy to impress 10K accounts folks with a 30/60 cars trade. It's a loser trade - he impressed the newbs and gets some sympathy. It turns out to be a winner - he impressed the newbs and becomes a hero.

Quote from atticus:

All we do know is that this trade sucks balls and it was likely a trolling exercise.
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It pretty much sums it up.
 
Quote from saxon22:

As for the position: still holding 26 and the balance is around -4K (with overall +10K booked). Waiting at 1217 to unload another 5.


Saxon22
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1217.25 was the low, so why the target of 1217? If it breaks by a tick, then the next support would suggest a much lower price. It went up 10 handles after hitting 1219 on the pullback, so not sure why you did not scale out at that point.

In any case, best of luck.
 
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