ES Journal - 2017/2018

Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.

  1. Buy1Sell2

    Buy1Sell2

    Long Long Long!! 2360.50 (Day trade call) Initial stop 2351.00
     
    #1161     Mar 14, 2017
  2. Buy1Sell2

    Buy1Sell2

    Haven't said this in a while but a trader should never risk more than 2% of Total Liquid Net Worth on any one trade/idea and when right , let the trade run to maturity. That's the real key to successful trading.
     
    #1162     Mar 14, 2017
  3. JSSPMK

    JSSPMK

    I assume you measure the maturity of a trade according to a personal risk management criteria rather than some technical common principle/s.
     
    #1163     Mar 14, 2017
  4. Buy1Sell2

    Buy1Sell2

    Yes-- with one caveat. Each person defines their own technical principle so that's why it's not common. Maturity is different for each trader. If you define maturity as 2 points, then don't pull the trade or any part thereof at 1.5 pts. If your maturity is 4 points, don't pull at 3.75 etc.
     
    #1164     Mar 14, 2017
    speedo and JSSPMK like this.
  5. Buy1Sell2

    Buy1Sell2

    Not tremendous yet. Pricing is 2357.00
     
    #1165     Mar 14, 2017
  6. Buy1Sell2

    Buy1Sell2

    We've got a short term bottom now in at 2354.75. A confirm of bottom will be a print of 2358.25
     
    #1166     Mar 14, 2017
  7. Buy1Sell2

    Buy1Sell2

    --and there it is. Short term bottom confirmed. We should head up from here.
     
    #1167     Mar 14, 2017
  8. JSSPMK

    JSSPMK

    I hope market won't be going up this time.
     
    #1168     Mar 14, 2017
  9. speedo

    speedo

    Why?
     
    #1169     Mar 14, 2017
  10. JSSPMK

    JSSPMK

    A. Counter trend pattern present on daily;
    B. Other analysts are seeing counter trend signals;
    C. I'm short Naz :)
     
    #1170     Mar 14, 2017