ES Journal Archive (2006 - 2008)

I've been wondering this myself. The market has moved explosively in one sustained move for an outlier amount many times in the past - the Fed made unexpected rate hikes or cuts in the middle of the trading day. It literally ends trading careers and bankrupts people.

What are we missing Saxon? Aren't you concerned about how a strategy based on averaging the wrong way into your position will, eventually, end up with them taking you out on a stretcher?

Don't give away your secrets, but can you please elaborate.........

 

Stop worrying about others and worry about yourselves.

The market will let him know if he's doing something wrong.

 

Sorry in advance if this is somewhat off topic

I guess because I wish someone was there when I started trading. I started trading in 98 and watched as my Yahoo stock went from 75 (split adjusted) to around 250 and just miss my sell order, which was greedy to try to get over such a round number (it was 500 pre split, I should ahve been in at 499 at least or pref 494). I didn't know trailing stops or anything like that and didn't understand that the earnings were non-GAAP as well.

At least it was a small amount of capital. I managed to get out at 32 (split adjusted) before it eventually bottomed at 8. I still look back and can't believe I held for that long, but anyways. Saxon has said in recent posts that he sold his RE in NYC so we know he is playhing with a lot more to lose.

 

Out of trade at 1485.50 (mkt currently 1486.25) +5 on 1 lot. I'm probably going to regret this tomorrow but oh well. I've been super busy catching up since I got back from my trip and I'm feeling sick (probably from the plane trip back). Got to take care of my health first.

 

Yesterday 1490 was a great call and I closed some positions for profit

I have some more which I would like to close at 1500.

Do you think we might reach this level. Thanks

 

Sold 149000. No set SL or TP.

 

Went long in AH at 1483.50.
Just closed out position at 1492.75 for +9.25.
Preparing to go short for at least close-the-gap to 1482.

 

Playing the short here as well, but on YM @ 13639, looking for a reversal around 1500 on the ES.

 

atticus, how much pain will you take?

 

"Smart Money" almost done. Short above 1502.50. Next buy area 1465-1460. Look for double top to initiate short.