ES Journal Archive (2011)

Day/Swing short here 1 contract Sep Contract 1200.00 Initial buy stop is 1212.50

 

This is a discussion for the scaling thread. However, I would made more my removing all, not part, of the trade at lower prices. Reminder as well-- I'm still in the trade.

 

Good to know I understand it correctly. Thanks.

 

Why now at 1198-1200?

I thought you are going to ride it down to testing the gap top first.

 

Don't waste your time, the inconsistency is amazing and the money management horrendous.

Crazy A

 

fwiw

 

coulda woulda shoulda never made a dime trading


And you will have given up more profit when you eventually get stopped out because you did not scale out at higher profit levels.


Your argument only holds water if you have a fixed profit target but you don't

 

scaled out at r10 just in case they want to fill upper gap before lower gap.

 

Trying to already. Make sense.

 

Key word is "had"


Had the market tanked 30 points and my oco was resting at 1215 I would have made nothing.



I had 1210 - 1215 pegged as my sweet spot

The tight number from my analysis was 1213.5

Had I set my short at 1213.5 or 1215 I would have missed yet another trade.


And no my orders were not at every half point.


So are you actually going to post some trades or are you just here to criticize others who do ?