ES Journal - 2019/2020

Exit 2769 dont want to hold into the open

 

Long 2769.25 Initial stop 2741.00

 

oh well, should have held, been trading CL for too long, getting used to this beastie

 

Dealers took it right back too 2776...dealers never lose...

 

I’m sure hafez50 knows that...

 

You need to look at the trading profits of the banks for the first qtr. HUGE. They never lose. Were nothing but a gnat on a elephant looking for crumbs

 

CL bounced off the $19.50 level three times this morning....now back to $20.

 

Short $ZM (Zoom) @145 here.
edit: dumb. Impatient. but i went small

 

I have 5 trading rules and 1 is i never ever ever ever short concept stocks or loved stocks like amzn or tsla .Occasionally you'll get lucky but overall you'll go broke. Zoom is super duper hot. Everywhere i go people talking about them . I got hit for around $150k in 1999 shorting rocket ship qcom.

 

Yeah I know.... its hot. I wrote about it Sunday in another thread.
These are very short trades though, if you've ever watched what i post here. You are certainly 100% right though.
On this one though I should have waited a few minutes. It'll drop though. If it doesn't i'll close it here in a sec.