ES Journal - 2017/2018

I think we could gap down another 50 handles tomorrow and then go down all day. Could be like a minus 80 handle day

 

Volume is to be discarded as "too much information" and is too subjective to be of any value.

 

Contradiction is a way of life for the guy.

Truth

 

Today has been a sideways day. Sure it is a 40 points wide range, but still a sideways movement.

 

It's a long term position that guards against short positions that I take that may be un-profitable. I'll typically trade my swing trades as 4 times leverage.

 

We will at least get to 2656 on this intraday run.

 

Well helluva a call mastacoli71!!!!

 

Low of day now in.

 

The explanation doesn't make sense because:

1. The leverages are different between the 2 positions. So not a complete hedge.
2. The time frames are different, thus one position isn't leveraged all the time, and that makes the whole exercise FUTILE.

3. Your hedge is losing money. Maybe you should stop hedging...

 

Probably didn't explain it correctly. It's about the same as someone holding a 401k and trading also.