Swing Trading Global Markets - WILD Approach

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smwbbe said:
Wondering when you exited (if you have)?
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I thought about exiting when ES went to 1830 for a 10 point loss.

But then got distracted due to my real trading.

So, as of now, I still have this position. This position has seen a 31 point drawdown which is approximately 31,000 USD drawdown on a 109k balance. I think this trade has been the most RISKY trade of the journal so far.
 
I still think the short position is correct position on ES now.

Unfortunately, I didn't realize "in-time" yesterday that we are witnessing a triple bottom on ES. Otherwise, I wouldn't have shorted around 1820 or would have definitely closed with a 8-10 point loss. I realized we had a triple bottom only when ES was around 1837 and then I decided to just let the trade on, because I believe short position is the correct position for the time being.
 
I would think you're getting real close to having your hypothetical broker close your position due to going lower than the maintenance requirement.
 
nillionaire said:
I would think you're getting real close to having your hypothetical broker close your position due to going lower than the maintenance requirement.
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Yes, you are correct. If we do not go down by eod, I will reduce the size.
 
Are you still swing trading the ES? Just wondering how you handled getting out of your last position and what you've done since then?
 
gmst said:
Out of 20 at 1873.

So, total loss on this trade = 50*20*53 = -53,000 USD

Account Equity = 109,125 - 53,000 = 56,125 USD
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ES rallied to 1898.5 2 days ago, part of your position would have been liquidated so you can't possibly still have 20.

I know you are paper trading but this journal is just a joke if you don't factor in how margins work.
 
trickshot said:
ES rallied to 1898.5 2 days ago, part of your position would have been liquidated so you can't possibly still have 20.

I know you are paper trading but this journal is just a joke if you don't factor in how margins work.
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Yes you are correct. I am just too busy to do the calculations.

I don't mind if 5k-7k gets reduced more from my equity :)

In any case, this journal has served its purpose - the purpose was to show to me if I can swing-trade ES profitably or not. Apart from this last trade, I have been very very happy with my efforts so far.

I am going to fund a new account to ONLY swing trade ES in near future. This will be apart from my regular intra-day trading.
 
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