B/c in this extended rally, I'm not tick fu#king for 2 points. I'm looking for 10-40 point moves. When volatility calms down and conditions change, my trading plan changes. Reason why i've stayed in this game so long successfully is b/c I adapt to the price structure. And the only big dumps we get as of late are distributive in nature after a big rally. For me, those are difficult to determine how far down it will go. My trading plan has a much easier time determining where to buy. I do trade short, but under specific conditions. I missed the opening bell today. lately I've been trading the overnight and afternoon sessions. Even if i was awake for the opening bell, I wouldn't have caught the move down. i did however catch a portion of this move up
100 ways to skin a cat. No question the long side is easier right now but theres plenty of 10 pt plus short moves most days . To each his own
Not true. Go back and read my posts. You will see that I trade both long and short. Anyway, thanks for sharing your thoughts. I don't think I'll be posting my trades here much longer anyway. BTW do you post your trades in realtime? You should try it sometime.
It only seems like a conspiracy when it goes against you. Look back through your trading history and see how many times your target was right at that tick, before it fell away. Felt good, didn't it? But you may have forgotten those. I've had days on both sides of the equation. They both suck equally. I'd rather take profit or lose on a stop in the higher or lower RANGE of the move, than to the TICK. Those are the worst. You only notice what hurts the most. There is no cabal.
Wow. I was actually thinking earlier today how nice it was to see some friendly comradery in here. People tossing out helpful reads Accountability with trade specs. Guys answering questions to people that are newer or just don't understand some concepts. Then suddenly out of nowhere this thread reads as toxic if not more toxic than the rest of ET. Shit makes me sick...
Listen, I hear ya. I even said at the outset that I would normally consider something like this to be loony. But you know what? After trading for nearly 30 years, I'm pretty confident with my trades. I can also sniff out some weird bat shit that ordinary traders cannot and this smells pretty nasty to me. Anyway, I don't wanna drag this out any further than I need to. I'll just stop posting trades here and everything is fine. Case closed. BTW go back and read my post again and, in particular, look at the chart.
Hope you don't quit posting btw because i find your content useful. Sorry you've had bad luck with to-the-tick stopouts lately. Stick with it.
Was talking to a few trader buddies of mine. It was pretty convenient timing over the past month and change when ES was getting ready to push down, and a nice convenient Trump Pump announcement comes in to send the market to the sky when there was a lot of stops to get run. That adds to my hesitancy to add shorts when it feels like someone is monitoring the charts and telling him the exact moment to put the announcement up there. happened a few times while I was in trades or about to get in one. IMO they are playing some games.
If I am not mistaken, the 81.25 was hit at 3:50pm which is the MOC that has been causing drastic moves every day. Just unfortunate that it happened to be right where your stop was.