I trade 1 ES

[random trader]

Waiting for ISM index.

 

[baggerlord]

Did you get out?

 

[random trader]

ES range 1004.5-1022.5, sell @ 1018
ZT range 108'270-109'205, stop @ 109'060, buy @ 109'040, sell @ 109'160, buy @ 109'040
YG range 372.5-382.5, no trade (entry not hit)
QM range 29.3-31.5, no trade (missed 2 point drop, entry not hit)

 

[random trader]

9/2/03 Day 11

ES
Bias: down
Position: open from 1018 on 9/2/03
P/L: -22.5 (990-1008, 1018)
Sell and hold P/L: -32.5 (990-1022.5)

ZF DEC03
Bias: up
Position: open from 109'040 on 9/2/03
P/L: -10/32 (109'260-109'060, 109'040-109'160, 109'040)
Buy and hold P/L: -24/32 (109'260-109'020)

YG DEC03
Bias: up
Position: none
P/L: 0
Buy and hold P/L: 0

QM
Bias: down
Position: none
P/L: 0
Sell and hold P/L: 0

No fear, no greed, lots of patience

 

[TGregg]

Quote from random trader:
ES
Bias: down

So ES hits a new high not seen since June of `02, and you still have a bias to the downside? Just out of curiosity, at what level would you reverse that bias? 1050? 1100? 1500? Neither bear markets nor bull markets last forever. . .

 

[gotta_trade]

Quote from TGregg:



So ES hits a new high not seen since June of `02, and you still have a bias to the downside? Just out of curiosity, at what level would you reverse that bias? 1050? 1100? 1500? Neither bear markets nor bull markets last forever. . .

Sooner or later he'll be right.


gotta_trade

 

[TGregg]

Quote from gotta_trade:
Sooner or later he'll be right.

"The market can remain irrational longer than you can remain solvent."

John Maynard Keynes

Lundy was eventually right about a bottom coming up, but he lost it all before he found it.

 

[lindq]

Quote from gotta_trade:



Sooner or later he'll be right.



Sooner or later he'll be broke. Lost 30% of his account on one trade. So much for personal bias.

 

[random trader]

Quote from TGregg:



So ES hits a new high not seen since June of `02, and you still have a bias to the downside? Just out of curiosity, at what level would you reverse that bias? 1050? 1100? 1500? Neither bear markets nor bull markets last forever. . .

I will trade an up bias when my indicators read up. This could happen at 1050 or 950, or any other number. I have no way of knowing at what level it would turn.

 

[random trader]

Quote from TGregg:



"The market can remain irrational longer than you can remain solvent."

John Maynard Keynes

Lundy was eventually right about a bottom coming up, but he lost it all before he found it.

Undertrade is the only way to guarantee that you last longer than craziness. Overleverage kills. Greed kills.