ES Journal - 2017/2018

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

Thread Status:
Not open for further replies.
  1. Buy1Sell2


    I suspect that this 2750 area is where a new floor will be constructed.
    #6891     Oct 11, 2018
  2. Buy1Sell2


    Time frame is a big determinant on how much leverage I use. I use 10 times leverage on intraday trades.
    #6892     Oct 11, 2018
  3. I bet we trade below 2750 at least. Held a short from earlier that I took out on this retrace back up to 2761. Too nervous to risk a bottom forming here with money on the line. But if my pockets were deeper than they currently are, I'd hold my shorts to the close today.
    #6893     Oct 11, 2018
  4. I don't have any clear targets below. Seems like round numbers are likely, i.e., 2740, 30, 20, 10 and finally 2700.

    2% down at 2736,50.
    3% down at 2708,50.

    Currently down only 1,3% or so, so no big deal yet. This could be it. I have no conviction either way, but the path of least resistance remains down for now. If I were to bet, I'd say we're just retracing now before another round of selling.
    #6894     Oct 11, 2018
  5. Pekelo


    So journal integrity purposes, did you override your stop loss?
    #6895     Oct 11, 2018
  6. first wave down..
    #6896     Oct 11, 2018
  7. Pekelo


    How about now? 200 points off the highs. You had a 150 pts stop loss (that is some skill to "trade" with such stop loss) and you over rode it when proved wrong.

    The sum of your last 2 trades currently is 169-116= -53 points, and that is for holding for 4 months....

    Oh wait, while I wrote this short post the market dropped another 7 points (at 2733) so make it -60 pts.

    Record keeping for journal integrity purposes...

    Edit: I promise not to keep editing but below 2720 now...
    #6897     Oct 11, 2018
    Spooz Top 2 likes this.
  8. thanks for nothing B1
    #6898     Oct 11, 2018
  9. Another amazing day in the markets. I feel like an amateur only taking home 10 points of profit (per contract) on a day like this. I find myself playing a bit too defensive and afraid of holding on to my convictions.

    I'm sure tomorrow will be just as volatile. At a glance, I have a 3/5 chance prediction of a solid down day tomorrow as well with what I currently know. Assuming we don't open heavily gap up.
    #6899     Oct 11, 2018
    rocketman987 likes this.

  10. “If you know the enemy and know yourself, you need not fear the result of a hundred battles.
    If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.
    If you know neither the enemy nor yourself, you will succumb in every battle.”
    ― Sun Tzu, The Art of War
    #6900     Oct 11, 2018
    Builder17 and Laissez Faire like this.
Thread Status:
Not open for further replies.