ES Journal - 2013

Discussion in 'Journals' started by Trvlwanderer, Jan 3, 2013.

  1. Surprise

    Surprise



    what if you are a short-only trader ? anyway does stops work in such days ?
     
    #1121     Feb 7, 2013
  2. ammo

    ammo

    tst the odds are against you as the hft's are picking off the scalpers,gives tst top odds of keeping your dough, read up on this journal before trying it...http://www.elitetrader.com/vb/showthread.php?s=&threadid=127338&perpage=6&pagenumber=2 works best with an empty head,one of the luxuries of youth,as time goes by you accumulate a lot of useless junk in the attic
     
    #1122     Feb 7, 2013
  3. ammo

    ammo

    bear flag?
     
    #1123     Feb 7, 2013
  4. ammo

    ammo

    dvol uvol still shrinking
     
    #1124     Feb 7, 2013
  5. gmst

    gmst

    2 Short @ 1504

    Targetting 1500 and on one 1490
     
    #1125     Feb 7, 2013
  6. ammo

    ammo

    o8 cash
     
    #1126     Feb 7, 2013
  7. I'm waiting for 1510+ to short... It's been too easy shorting the range... Don't want to press it.
     
    #1127     Feb 7, 2013
  8. If you are a short-only trader, you may get lucky, but price shocks can swing both ways, so a short-only trader can get smoked as well.

    There have been quite a few very violent upward surges during the last years.

    Stops are are always triggered, but where they execute is a different story. Liquidity tends to dry up during fast price movement and especially during the overnight session when the mini flash crash occurred. Probably not that big of a problem during RTH as liquidity normally is very good, but it depends again on the size you're swinging.
     
    #1128     Feb 7, 2013
  9. Is it a market profile journal?

    I don't really see myself competing with HFT. We're in different market segments. I go for at least 2,5 point targets. If I can average 3 points per day, I'm very happy.

    On my last Combine, I was up around $6K at day 6, but the pressure to complete it within the deferred timeline was the main reason why I failed. With up to 30 trading days to hit a $10K target, it should be quite realistic to achieve it, IMO.
     
    #1129     Feb 7, 2013
  10. Surprise

    Surprise

    yes i know , but it is less disastrous than if you are on the long side ...
     
    #1130     Feb 7, 2013