ES Journal - 2019/2020

That was written by Prine's close friend Steve Goodman.

 

Trying a long from 77. Stop at 71. Targeting new highs and then some.

Come get me.

 

Looks like they finally baited in enough shorts, let's see how high we go.

 

Stop at B/E.

If higher - should pop now. Not willing to sit through a deep retrace from here.

 

+12

 

I often times see folks say ---man, I should have gotten long on that last dip or breakout, but I didn't quite get the right price or the right set-up. Rather, what I try to do is define stop-out first, then I just get in. I know if it drops below a certain level, that I want to be out, but that necessarily means that anywhere above that, I want to be in. Then, the idea is that it will run to a crooked number up to The Hog and perhaps even past. Sometimes, my trade is wrong, so I can take a new look and get back in if it warrants. The stop out level (risk) defines position size. It's never a good idea to risk more than 2 percent of Total Liquid Net Worth on any one trade/idea in my view.---Izzy.

 

NQ is lagging. Not helping...

 

Took exit with stops on that long AH at 2663. And got another mini scalp for 15 pts while on conf call. Totally, distracted this morning. Will analyze PA and see where we are going, but looks like whipsaw today.

 

I traded long up to the crooked hog today, what else do you want i dont know your stops

 

CL staying range-bound between 23.80 and 25.20.