Intuition

Quote from moneymoneymoney:

After reading about everyone raking in the $ yesterday, I thought I'd give trading the Emini ES a shot. I'm up for the year so if I lose it just means I don't have to pay as much in taxes. Not much preparation needed. I look at price and when I feel the market yelling buy I buy. For this experiment I've allocated 50k and I'm going to use this journal to record my thoughts and ideas as I go along. I'm going to start with 5 cars. If I blow the 50k I'm giving up this market (for now). My goal is to make maybe 1k per-day to make it worth my time. Lets see how it goes.
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I think that 1k is little bit too ambitious . To blow 50k is just not necessary, invest some bucks in index trading education and you will be much better off. You just do not sound like an experienced trader.
Walter
 
Quote from Walther:



I think that 1k is little bit too ambitious . To blow 50k is just not necessary, invest some bucks in index trading education and you will be much better off. You just do not sound like an experienced trader.
Walter
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Somehow I have the feeling that 3xmoney is a fairly experienced trader.
 
Back from lunch. I see my stop wasn't hit so I'm still long from 38.25. Only about a 7 pt range so far so maybe there's some upside left. I expect a down move around 2:30 ET, so maybe I'll bank this little profit soon.
 
Quote from Walther:



I think that 1k is little bit too ambitious . To blow 50k is just not necessary, invest some bucks in index trading education and you will be much better off. You just do not sound like an experienced trader.
Walter
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We'll see about the 1k goal. That's only 4 pts/day. It looks to me like the ES has it to give. Don't worry about me. I'm in the 50% bracket. Although I allocated 50k to this test, I'd probably bail if I have a 25k loss. With the govt as my partner, I'd only lose 12.5k of real money. I've blown that much partying in NYC over a weekend.
 
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