T-REX Journal

richsan · Sep 4, 2003

Hello T-Rex,
Am I correct in assuming (based on your earlier post) that you entered a long position at 1028.50 and were stopped out at 1023.50?

Kermit · Sep 4, 2003

Personally, I think the stop-loss is way too wide, even for a 1-lot ES. The sideways whipsaw of the last couple of days no doubt is contributing to the performance so far. Once we work out of this chop and start trending, it might look better. But I would suggest using some sort of a sliding trail-stop like a MA or trend-line to shave off some of that open risk. Just my 2-cents.

Kermit

T-REX · Sep 4, 2003

Quote from mini:

3,5 points tp, 5 points sl, i think u trading will break u !!
but wish u all the best and time will show us if u trading is susessfull or not. bibi from europe,

mini

p.s.
i cant believe u, that this breakout system ist much as profitable as u postet. this breakouts are so often fakes that u must lose mor as u winn. for any faults excuse my bad english.

Hey mini how are ya?

Thanks for the insightful question.
In reality you are quite right!
If you are trading a system that uses wide stops and small profit
targets then in the long run you will fail! Unless you win more trades than you lose and you know when to let your profits run.
I began this journal on Tuesday so I really dont have a track record established yet for which to referrence my readers to yet.
However, I have been trading this system since 1999 and it has yielded me extraodinary profits. I wont even insult your intelligence with past performance without proof. That's why I started this journal so that others might see the proof in real time.

As for the last couple of days your right I've gotten my ass handed to me but over the last 22 trades (unposted ofcourse) Im still a net winner by more than 49 points!

p.s. your english is fine. I have friends in Germany so i understand u fine.

T-REX · Sep 4, 2003

Quote from balda:

Did you post that?

HA.HA.HA.HA.HA.HA.HA.HA.HA.HA.HA.HA.
O.k. Ya got me!
I can take it.

So far, although it has only been since Tuesday that I've been posting this system........so far ...I have egg on my face.

I can take it Im a big boy.

T-REX · Sep 4, 2003

Quote from richsan:

Hello T-Rex,
Am I correct in assuming (based on your earlier post) that you entered a long position at 1028.50 and were stopped out at 1023.50?

YES.

fan27 · Sep 4, 2003

Hello T-REX,

How come your buy order was at 102850 when the top of the range is 102975 ?

Thanks,
fan27

T-REX · Sep 4, 2003

Quote from balda:

just wandering why don't you buy support or sell resistance based on your numbers? Buying support in up trending market would be great for all 3 days of your journal.

enjoying your journal

I know this is hard to believe but that is in essence what I'm doing. The Choppy Mkt of the last 2 days hasnt worked for me but that goes with the territory. You will have losing trades and sometimes you can have 3 in a row in a Choppy environment.
However, as a matter of discipline I MUST take ALL of my trade signals.

richsan · Sep 4, 2003

Well I do have respect for someone who is willing to post realtime trades AND cop to the losses.

T-REX · Sep 4, 2003

Quote from fan27:

Hello T-REX,

How come your buy order was at 102850 when the top of the range is 102975 ?

Thanks,
fan27

The buy order was above yesturdays high (though not done intentionally). I had no Idea that the mkt would stall @ 1029.75 I had FORECASTED 1032.00. So I was off by 3pts.

T-REX · Sep 4, 2003

Quote from richsan:

Well I do have respect for someone who is willing to post realtime trades AND cop to the losses.

Thanks.

You have to take the good with the bad.
NO EXCUSES.