These people who are shorting ES tonight ...

Originally posted by aphexcoil
Well, thank god I'm still trading in a simulated account. :)

Actually, this morning I checked the world markets and realized that there is more to trading futures than just guessing.

Here is a true story about discipline.

This morning, I got a signal from my system to short ES -- which I did at 898.75. The market then began a climb upwards towards 902 and slightly past. My system has a stop loss of 5 points. My emotions told me "Hey, maybe this is bottom, lets close this out now before it gets any worse" and then a little man on my shoulder said, "Stick to your system, kid!"

So I stuck to my system and then the market quickly reversed, where I covered at 894.00.

Just thought I'd share that little story of discipline with the rest of you.

*ALWAYS STICK TO YOUR SYSTEM*

aphie
More...

I've learned that lesson way too many times myself.... Sounds ridiculous that the hardest part of trading is following your own rules!

Good luck aphex.
 
Originally posted by aphexcoil
I am not playing this future's game yet -- I'm just stating an obvious fact. Wait till everyone gets back from the beach and we all realize no terrorist actions took place. Things like this should be a given (that the market sold off before a long holiday weekend), but some people just don't get it.

aphie
More...

This post and the action today are a perfect example of why you shouldn't criticize another traders trades. No one knows for sure what is going to happen - and nothing is a fact until after it happens. Fact - whoever was shorting ES last night is about +30 now....
 
Originally posted by aphexcoil
Well, thank god I'm still trading in a simulated account. :)

...
This morning, I got a signal from my system to short ES -- which I did at 898.75. The market then began a climb upwards towards 902 and slightly past. My system has a stop loss of 5 points. My emotions told me ....
aphie
More...


Aphie,

Please correct me if I'm wrong, but it seems to me that you shorted around 9:35 AM ?
Just an advise, leave the first 30 min. of the day to gamblers and veteran traders. If you keep 'playing' in the first 30 min., it will make you go blind and/or insane and/or very poor :)


Cheers !!!:cool:
 
I must admit, I don't like the taste of rubber in my mouth, but I got it today. Although I had a good trading day on paper, I shouldn't have assumed that the people shorting last night were crazy -- since they just made a 75% return on their investment.

As for trading in the first 30 minutes .... it is pretty crazy -- I will avoid that for awhile.

aphie
 
Originally posted by aphexcoil
Are really going to feel it in the morning -- who in their right mind would be shorting this close to the 900 level?

aphie
More...

Please post more often! I need a reliable fade!
 
After starting a thread called turning 5k into a million. And then this one. How do you expect your credibility to not be called on. If I could short you Alphie, that's a trade I would be all over!
 
Originally posted by egotraitor


Please post more often! I need a reliable fade!
More...

hehe... yeah i was gonna say...

"These people who are shorting ES tonight ..."

were smart.
 
You must log in or register to reply here.
Back
Top