ES Journal - 2021/2022

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

  1. schizo

    schizo

    First, I feel your pain. But allow me to state the reason you got burned. It's because you placed too much trust in the fundamentals and not enough on the chart. As I told you before, on countless occasions, those fundamentals are already factored in the price. Had you followed the chart, you would have gotten out without a severe blow.
     
    #8291     Sep 27, 2022
    Builder17 likes this.
  2. Overnight

    Overnight

    I am not out, however. :) Time is the only edge I have at the moment, and I am exploiting it to full measure.
     
    #8292     Sep 27, 2022
  3. schizo

    schizo

    So you plan to hold indefinitely? Well, we might get a relief rally in the coming days since we've fallen so much. But that's still a bad habit to foster as a trader. Dunno how long you've been trading but you need to kick the bad habit pronto or you'll likely go the route of 99.999999% of failed traders.

    Anyway, good luck!
     
    #8293     Sep 27, 2022
  4. Overnight

    Overnight


    It is all here,


    https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/
     
    #8294     Sep 27, 2022
  5. schizo

    schizo

    But didn't you say you were LONG and you believe the market will eventually head higher in the interim? :wtf:
     
    #8295     Sep 27, 2022
  6. schizo

    schizo

    Man, I don't wanna come across as preachy, but ($3,353.50) is HUGE for just 1 measly contract of MNQ. Imagine you did that for NQ? It's always better to cut your losses at the bud when it's manageable, before it gets out of control. That way, you give yourself another chance and another day to trade.
     
    #8296     Sep 27, 2022
  7. Overnight

    Overnight

    It is actually about 4500. But I have my reasons.
     
    #8297     Sep 27, 2022
  8. schizo

    schizo

    Are you long yet? Hello, you listening?? We're going up.
     
    #8298     Sep 27, 2022
  9. schizo

    schizo

    What reason can that be? "The fundamentals are still sound" reasons?
     
    #8299     Sep 27, 2022
  10. Overnight

    Overnight

    History. I am thinking of Q4 2018.
     
    #8300     Sep 27, 2022