ES Journal Archive (2009 - 2010)

Decel · Nov 16, 2010

Quote from Now is Now:

MoF may have sombre news ,but will not deliver it sober....takes a little while for the Guiness to kick in...about 3-4 pints...:eek:

NiN
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3-4 pts in which direction?

Now is Now · Nov 16, 2010

Quote from Decel:

3-4 pts in which direction?
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He has to drink it before he can piss in the wind...

NiN

kinggyppo · Nov 16, 2010

fasten your seatbelts!!

kinggyppo · Nov 16, 2010

Quote from Picaso:

i.c. fed people,

How are you doing, man? Still holding your position or you bailed out?

I hope you're doing ok, but see, this is why averaging down is a risky game best left to professionals who always have a B plan.

We're down about 24 points under your 1217 average of two units; that is 2 x 24 x 50 USD = 2,400 in the red.

If you had been trading 2 (1+1) e-minis with 12,000 USD, that would mean that last night you would have got a margin call when we touched 1194.

If you had averaged down a third unit - say at 1199 with an average of 1211, you would need 16,500 USD in your account just to avoid a margin call and would be 3,000 USD in the red.

I understand you're trading a much smaller size, if so, good for you, consider this a very valuable lesson that you're learning the kind-of-hard way, but at a very cheap price.

Oh, and this is a very, very, VERY mild correction.

Note: not putting down all averaging-down systems/styles, just saying that you always need a B plan / hard stop.
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remember this where would 2 contracts be marked now, by the way Picaso, I see a bright future for you.

volente_00 · Nov 16, 2010

Quote from volente_00:

118 - 123

magnet 120
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Lower end now

Wonder how much put premium is being sold

Picaso · Nov 16, 2010

Quote from kinggyppo:

remember this where would 2 contracts be marked now, by the way Picaso, I see a bright future for you.
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As a talking head or as a circus clown? (but thanks)

volente_00 · Nov 16, 2010

Quote from ammo:

that ratio looks like a trendday,its exp,don t rule out a reversal,dollar at tl
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9 18 indicates trend as well

Now is Now · Nov 16, 2010

Quote from Now is Now:

Going Long 7700....p/g 8200

Will ADD 7200

NiN
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OUT 7575...small loss...will wait for the MoF...euro suggests nothing good coming from speech...still short euro..

NiN

JSSPMK · Nov 16, 2010

Weekly TICK looks very similar to pre-flash crash. So is another flash crash likely or not? Can the SEC prevent it from happening again?

Decel · Nov 16, 2010

Quote from volente_00:

9 18 indicates trend as well
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Down-trend right?
Goes against the t-day mentality