ES Journal - 2017/2018

2003-07 is child's play compared to this one.

 

ES does not stay deeply oversold for extended periods. Staying long here with the position trade.

 

Seems like you are being very stubborn right now. Hope your day trades are more than making up for your loss on this one.

 

%% He is plenty profitable on swing trades But i seldom get long SPY or ES when its below 200 day moving average. Still bullish on small caps + bearS beat them up more =are below 200dma LOL....

 

Small caps are the hardest hit because of rates. Not saying we are going to continue straight down but if rates keep rising more a lot more downside possible.

 

Dead cat bounce today and in the days to come until we correct a total of 20%

 

Margin calls will add to the pressure.

 

## Let's also mention that he is a good father, donates blood regularly and volunteers at the local soup kitchen. Still doesn't excuse to let a 30 points winner turn into a 250(!!!) points loser with no end in sight...

But as always, I am trying to be helpful, so:

 

I love overnight pullbacks. The basing process continues and I wouldn't be surprised if we bounce quite a bit higher from this open. Reminder---ES does not stay deeply oversold for a long time.

 

Intraday this is a huge buy right here right now.---Never risking any more than 2 percent of your liquid net worth of course.