S/R Emini Journal

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Quote from DonKee:

Actually, it doesn't even need to be "head games".

That's why Gary's strategy and many others are so nice. You don't a lot of useless energy thinking about things that either don't matter or are out of your control.

As many of you know, one of my set-ups is buying the S2 or selling the R2 using a 4 point stop.

Yesterday's S2 was 1325.75. When I got filled, I put in my stop. I then went to work out, took my dog for a walk and did a few other things.

I came back and saw that I was darn close to getting stopped out (by 1 point). The only thing that hanging around the screen during that time would have gotten me was a bunch of wasted, spent "head games".

You can find a way to trade that is stress free. The strategies are out there.
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You are very right about this. I am more relaxed trading this way than I could ever be trading any other method.

You gotta learn the art of cherry picking then you can relax and have fun trading.
 
Quote from 4re:

I don't think you are Porgie, you ...........longer and less frequent.

:)
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thanks G...........at least someone believes me,seriously....this whole thing is hysterical.

good trading today,steve b........not porgie.........my new sig.
 
is stress free until u go for the bigger pts...which means more trades which means more failures which means more confidence rattling...........just 6 yrs eminis talking.....not meant as negative....once u start trading fulltime u will never take 1 small toe dip in the water....there is seen all day much better stuff there usually........then the real trading problems begin....losses cause emotional pain....emotional pain causes reluctance to pull the trigger.....doubt sets in........but hard work will pay off.........toe dipping is okay for part time traders.......please forgive if too harshly honest......true stuff........daytrading eminis only.......all eminis........
 
Quote from Spooz Top:

no doubt about that....notice the nice,neat & orderly sell off right down to the Dow daily T.L..............they got the job done creating their illussion of weakness & trapping new shorts & getting long themselves.
i`m working with an ET trader thru IM......teaching him my method & i mentioned this short trap to him several times as well as the dow daily TL.......something was rotten in denmark the whole way........................futs are the sneakiest of games.

steve b.............not porgie
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Or is this morning a bull trap? ;)
 
Quote from tradequicker:

is stress free until u go for the bigger pts...which means more trades which means more failures which means more confidence rattling...........just 6 yrs eminis talking.....not meant as negative....once u start trading fulltime u will never take 1 small toe dip in the water....there is seen all day much better stuff there usually........then the real trading problems begin....losses cause emotional pain....emotional pain causes reluctance to pull the trigger.....doubt sets in........but hard work will pay off.........toe dipping is okay for part time traders.......please forgive if too harshly honest......true stuff........daytrading eminis only.......all eminis........
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I guess I'm just the opposite. When I first started out, I found myself trading as much for entertainment value as for money. After a while, the entertainment feature goes away and I found myself trading to make money only.

When you start trading to "make money only" AND you find some strategies that work, you'll find the act of trading to be very mechanical and boring.

You'll do your trades, hopefully collect the money, and move on to the things that are the "ends to your means" whatever they may be. ie: enjoying the day with family, friends, etc.
 
Quote from TinGull:

Or is this morning a bull trap? ;)
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gap & grind up to squeeze shorts like an anaconda...........FOMC will provide & nice sell i believe.............target of 43 or close to it should be hit & the retrace foe some profit.................there u have it FWIW......my fomc prediction.

steve b..........not porgie

btw.....sld 36.75...................covered at 35.50 & .75...........
 
Quote from 4re:

I am still in this trade but I might get stopped out
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Not any more. I got stopped out. That is 2 busted trades for me this week. On days where I don't have time to take a second trade to break even.

Well I'll hit 'em tomorrow.

If you guys could do me a favor, could ya'll post some charts throughout the day for me. Just to let me see what is happening especially after the announcement.

I'll see ya'll later.
 
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