ES Journal - 2021/2022

Discussion in 'Journals' started by Buy1Sell2, Dec 15, 2020.

  1. Buy1Sell2

    Buy1Sell2

    Is day trading only worthwhile when you have maximum leverage employed?
     
    #5471     Mar 7, 2022
  2. c1rcle

    c1rcle

    no, you can still make gains without betting the farm each time.
     
    #5472     Mar 7, 2022
    Spooz Top 2 likes this.
  3. Buy1Sell2

    Buy1Sell2

    But you wouldn't have to bet the farm each time to use max leverage right?
     
    #5473     Mar 7, 2022

  4. No, basically just applying same concepts to smaller time frames. Smaller time frame you can move down to without personally losing integrity of the setup (for whatever reason) the more you can potentially profit from the up and down. Although the more I trade I prefer to trade more of a swing style and larger time frames when possible. But I don't have the capital yet to fully do that effectively at the highest level, so I prefer to find context on higher time frames and than take every trigger I get on smaller to mid-range time frames.

    Like today every chart up to the Daily down to smaller time frames basically had a max expansion down move(where we generally get some type of small kick back), but this is overall very bearish when this happens and means any pops have high probability to sell into. So, all day I've just been attacking moves up in the market, looking for bearish divergence.
     
    #5474     Mar 7, 2022
    Leob and Buy1Sell2 like this.
  5. c1rcle

    c1rcle

    Apologies, I misunderstood. I assumed when you meant max leverage, you meant the total amount of leverage available to you in that moment.

    In that case, I think you are right. However (and I am sure you know already) it depends on how confident you are and on current volatility etc.
     
    #5475     Mar 7, 2022
  6. Spooz Top 2

    Spooz Top 2

    Just a blip vs a move north... we are Heavy & we are filthy... just 100 Handles away from swing lo onto new lows ... Heavies running the show!
     
    #5476     Mar 7, 2022
    c1rcle likes this.
  7. Buy1Sell2

    Buy1Sell2

    Certainly are---Where is Volente to talk about T day tomorrow?
     
    #5477     Mar 7, 2022
    Spooz Top 2 likes this.
  8. newbie463

    newbie463

    I am enamored with 4200. (LOL!)
     
    #5478     Mar 7, 2022
    Builder17, Buy1Sell2 and c1rcle like this.
  9. Leob

    Leob

    New tactic.. interesting..
     
    #5479     Mar 7, 2022
  10. c1rcle

    c1rcle

    Did it hit 4200 at 4:20pm?
     
    #5480     Mar 7, 2022