ES Journal Archive (2009 - 2010)

Discussion in 'Journals' started by Jahajee, Jan 1, 2009.

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  1. Cash below 900 already, time to bounce.
     
    #371     Jan 8, 2009
  2. This bounce will be juicy... bullish 5-wave wedge
     
    #372     Jan 8, 2009
  3. 895 and counting. Another update will be made towards noon. :D
     
    #373     Jan 8, 2009
  4. jmoo

    jmoo

    897 short for a scalp tight stop
     
    #374     Jan 8, 2009
  5. volente_00

    volente_00







    Boy's looked weak but they did manage get futures from red to green twice during pre.



    ~20 minutes and then they are coming to give you 913 sometime today.
     
    #375     Jan 8, 2009
  6. If we break 900 again, move back to 908.50 is target.
     
    #376     Jan 8, 2009
  7. I just came out of a nasty drawdown. I know I am a better trader for dealing with it. My first mistake was letting a small loss become a large one. My point is everyone will deal with this at some time. I was able to trade out of the position with a bad scrape only. Hopefully, I will learn to keep losses small AGAIN. This is what happens when you move a pre-determined stop. I am posting this as I hope it will help others. To me there are two ways to deal with a losing trade, cut it immediately at a predetermined stop or trade around a loser. The first way is easy, the second is hard and stressful as hell. Dealing with heat or loss really lets you know where you are at emotionally. I knew my position was right but you have to have mastered your emotions to hold when deeply underwater. Here is an ok article about drawdown. Good trading.

    http://www.fundadvice.com/articles/investing-basics/drawdowns-losing-money-is-no-fun.html
     
    #377     Jan 8, 2009
  8. Opening range bottom tested, now the top.

    If taken out, gap fill + 50% of yesterday at 910.
     
    #378     Jan 8, 2009
  9. jmoo

    jmoo

    895 out

    897 short for a scalp tight stop
     
    #379     Jan 8, 2009
  10. went short @ 895 target 888
    stop @ 900
     
    #380     Jan 8, 2009
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