ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

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  1. Got it....you had wishful thinking instead of discipline. Imagine if you had closed the long position and reversed.
    Dramatically different outcome.
    Many times I find myself having to immediately reverse my position after getting stopped-out. It's counter-intuitive, but works most times than naught...However not always....as there is always the potential for "whipsaw"....thanks to the price action from the algos. Totally risk/reward here....as stops are incredibly important. Best to take several small losses than a big whopper.
     
    #9701     Jul 26, 2019
    dangkevin likes this.
  2. speedo

    speedo

    Pissing in the wind appears to be more popular
     
    #9702     Jul 26, 2019
    Utah likes this.
  3. Utah

    Utah

    :D
     
    #9703     Jul 26, 2019
  4. Homo sapiens non urinat in ventum
     
    #9704     Jul 26, 2019
  5. speedo

    speedo

    It's another 930 long..not in, just got back to desk but there was a div high prior on the 45
     
    #9705     Jul 26, 2019
    Utah likes this.
  6. speedo

    speedo

    sometimes do
     
    #9706     Jul 26, 2019
    Utah likes this.
  7. we are stuck here since 12.00 est. its too slow, looks like every one is out at the beach.
     
    #9707     Jul 26, 2019
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    #9708     Jul 26, 2019
    vanzandt and Utah like this.
  9. Overnight

    Overnight

    Indeed. I bet you didn't like looking at it's eventual retrace 3 weeks later. As syswizard mentioned, if you had reversed the position, you would have been wiped out, instead of having a bit of yer cash left.
     
    #9709     Jul 26, 2019
  10. Utah

    Utah

    One of the best songs ever created.
     
    #9710     Jul 26, 2019
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