I'm surprised if experienced traders are surprised by this up move. How is this price action any different than what we've seen in the most recent past? The first significant leg up after the last top last year was at + 212,25 points. This leg up (bottom to top) is currently at + 157,50 points. Chart filtered for moves >= 100,00 points on ES.
What is 10X size? Does this mean that your stop at 58 was ignored and that you're holding that trade while multiplying initial bet size with 10 at the price you were supposed to stop out on? And in your third post you're adding even more? The way this looks to an outsider is that you can't handle being wrong, add to a losing trade and expose yourself to huge losses which can ruin an otherwise nice P&L curve. You put your initial stop there for a reason. Trading above there invalidated your trade idea, no? But perhaps there are pieces of this trade that's missing and that your options protect your downside. Can't say I fully understand it. Good luck.
But you're only 15 points from your stop? I wouldn't be cheering yet, since all it will take next week is a another positive blurb about Mexico to get there. Of course, all it would take is the China side to escalate further to bring you back down to your target. Wheee!
It is kind of scary how closely this move is replicating Feb 2018. See https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-716#post-4868965 for reference.
Soon as the exchanges where closed for the weekend...they release this......damm crooks. Trump Says U.S. Has Reached Deal With Mexico President says U.S. won’t impose tariffs on Mexico June 7, 2019 8:38 p.m. ET Breaking News: *Trump Says U.S. Has Reached Deal With Mexico
Well, at the very least, I think my long will close out next week. BUT...There's still that elephant in the room...The China trade deal. Will that dampen the mood when Trump, in 38 hours from now, tweets that he's imposing tariffs on ALL Chinese goods? I hate this ginger guy.
One would think that a "proprietary" trading system.... no matter how consistently wrong it is... would have at least flagged some kind of signal to close a losing position when an index goes straight up like a bat out of hell for four days straight and 115 points.
2897... and there went B1's stop. Short with no fear imo at 2895. Classic "sell the news". Easy money. Edit... of course B1 has "special stops" that don't activate in extended hours.. I'm sure he'll tell us that. He closes them at 4PM and resets them every morning... Pay no attention to a 150 point rocket. Edit 2... "Bear market action continues". Edit 3...