One Tick Of Death

B

bronks

I trade the ES. Everyday. Today (friday) killed me. Not money wise. Ream wise. Without the courtesy of a reach-around.

Eight trades all on the short side since the opening bell with very tight stops. I have no problem re-entering. 7 stop outs in a row with about half of those showing a 1.5 to 3 point profit. But I'm so confident in my read of a tank, that I take a final trade short of 1349.75 @ around 10:55 am with some size. I actually moved my stop up a whole 3 points above the market. Once again I'm in the money... but I have bigger ideas, I want the flush! Although I do move my stop to BE (snicker).

Well lo-and-behold if I didn't get tick f**k*d. By then I had already thrown in the towel. Unbelievable. It's been awhile since I was abused like this but daammmmnn...

Voice your tick tirades here.
 
Quote from hypostomus:

I'm sorry, are you bragging or complaining?
More...

Kinda hard to brag about 8 losing trades... in a row.

I had a mean drunk going on so I got unusually expressive.
 
It's funny how these daily-intra trends are so obvious but often are difficult to maintain a position in. I was short a few times, snagged a few points :)

All day i was waiting for some short squeeze to develop but it simply just ground lower and lower...
 
fwiw, the downside break was easy as pie to catch (of course, I only caught it after the fact but was too busy trading grain spreads) and very little shakeout potential...
 
Bronks, I know what you mean. I like to trade drunk myself. In your defense, the retraces were a mite deeper than usual, at least in NQ. They triggered longs in my system that were sucker plays.
 
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