Good to see you finally have a investment related comment on a trading journal. Sort of. At least it is a start.
Go back here a few weeks and I posted a couple of charts and from those you should be able to figure it out. Not rocket science, and, like today, there is no magic to compel price to trade those levels. But if price gets near them, then they can act as a magnet to both attract and repel, at least temporarily.
Please remind me again. What was my lie? Going to start a new trading journal next week for posting trades on my new IB account. I’ll even let you name it if you can come up with a name that is not too negative. Mosquito fart journal is not going to cut it, though. If you PM me the address of your homeless shelter, I’ll send you $50.00 so you can fund a micro account and start your own journal. Unfortunately, no IB for you as they have higher account minimums.
We actually talked about that today here in the ES journal. I said someone starting out could take $100 and learnt o trade the ES micro, but someone disagreed with me and said that someone needs at least $1100 to trade micros. Your $50 is easy enough to come up with, but even I think that that is too little by about half.
I saw an ad that had a $25.00 account minimum promotion on the micros. It will be interesting to see how that turns out for them. I will be using micros to manage unwanted accumulated deltas on my smallish ES option positions. Before, I used SPY for this. Ok, I’ll send RRY16 a $100.00.