ES Journal - 2021/2022

What happen to the prior Long 4204.75 initial stop 4185.00 ?

https://www.elitetrader.com/et/threads/es-journal-2021-2022.353736/page-181#post-5395762

Overnight low was 4183.00

 

Market is back on its usual dose of crack I see

 

it's a good day for ES, sell at close or if breaks previous highs

 

I’d love to short the 25ish area on the September Contract before close. We will see

 

Swinging around like a pissed off bear

 

That is not something a wise man would do, IMHO. The Fed blew it's load yesterday, and the market had time to digest it. It did not care. It's looking at T-yields and Gold prices and going "The fack, equities are still in vogue."

 

uh huh

 

This thread used to be very active. What happened?

 

too many blown accounts. ES difficult to trade successfully so names come and go

 

bought 79.75, bought 63, out 74.25 R:r was completed fked. Made almost 3 points on more than 20 points risk. Not an ideal situation but Es is mean reverting. Either u understand you’ll have an upside down r:r often and average down. Or u try to trade like in the books and take lots of stop outs and commissions with a 2:1 r:r