ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. Not at my trading rig, but this looks like a squirt above 5800 by the Close from my point of view. Maybe 5810.

    Barring any major escalations in the ME in the interrim.
     
    #13191     Oct 7, 2024
  2. QTrader20

    QTrader20

    It's totally different if you're a Futures trader and this game isn't for everybody.

    You got to master everything from distinguishing between range or trend, and small, medium or large setups. If you're unable to do so, you're just like a helpless zebra in front of lions.

    Then, you've to perfect your entry, exit and stop loss. Without implementing these techniques, you're pretty much a gambler who won't be able to last long in this trading business. Unless you're a momentum trader which is what I'm super good at, you can make excellent profits even if your entry is suck, but you still need to implement exit and stop loss.
     
    #13192     Oct 7, 2024
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  3. mervyn

    mervyn

    do you see how many holidays they have this month? major escalations are a bad idea this month, maybe in nov.
     
    #13193     Oct 7, 2024
    Laissez Faire likes this.
  4. Actually, I have no idea about that. Maybe they'll have to skip holidays this month?
     
    #13194     Oct 7, 2024
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  5. L 75. 5 point stop. Targeting 5808/10.
     
    #13195     Oct 7, 2024
    Picaso likes this.
  6. Will add if momentum picks up...

    Not so sure about this one. Could get a minor drop, too, but doesn't feel like the day to short. Too controlled.

    Tightening stop to 72. Will get back in if the range low holds.
     
    #13196     Oct 7, 2024
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  7. Stopped out for 3 points and re-entered long 73.50. Small size still. Adding only if I'm proven right.

    If I lose, it won't be much.

    EDIT: Putting stop at 70.50.
     
    Last edited: Oct 7, 2024
    #13197     Oct 7, 2024
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  8. This Monday at this point in time is so far an Inside Day. If history repeats itself - it should resolve to the upside by the Close and as a minimum fill the gap from Friday. I think we'll get the squirt above, too.

    Now, surprise me with a sell-off. :)
     
    #13198     Oct 7, 2024
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  9. Moved stop to breakeven. Will look to add above 82 or so.

    EDIT: Probably too close. Make it 72.
     
    #13199     Oct 7, 2024
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  10. Picaso

    Picaso

    I nominate this post for political post of the year. :fistbump:

    Is your day job at Politico?
     
    #13200     Oct 7, 2024
    Sekiyo and Laissez Faire like this.