ES Journal Archive (2006 - 2008)

Can you hear the sound of those buy stops triggering? Nice short squeeze here.

 

If you understand SPAN margins and program trading triggers, you will know why I was buying yesterday.

 

So many ways. What decides the winners from the losers in any game is those who take action. No action, no money. Most people fail simply from not taking action.

 

That's enough for me. Closed out my remaining longs at 1474 for a nice profit. Now flat and exhausted...and probably done for the week. Wotta week!!!!!

 

@ 70 I said 80. No action no money.

 

Amen!

 

I sold my long at 1474 because I wanted to leave a little for you.

 

Simple taking action is all it takes, even using the simplest of systems. Everyone has a system, some better than others. Who cares, it's taking action that matters. Then you are a winner.

Though there are numerous ways to trade, I still believe following Buy1Sell2's method is your best bet. I am a big fan of Bruce Babcock who passed away in 1998. I've read most of his stuff and it's very similiar to Buy1Sell2 advice.

 

avarus,
is it a short at 80?

 

Bruce published several books. Any one in particular that you recommend?