ES Journal Archive (2011)

trying to put shorts to sleep here? at some point this pullsback but is it here??

 

There is not any right or wrong with averaging either way. To me, even though I have done it a couple of times, I tempted to do it earlier today and I would 've finished up losing more. But I could have 'justified' the extra contract,because my stop was 'set'.

My father would average a trade out,but that was from a current 'winning trade',which he would reverse. The total risk was the whole profit and a little bit more. But overall,statistically, he was still profitable from averaging out.

It takes a steel rod attitude realizing and accepting diminishing returns.

I haven't analyzed Volente's trades, but do know he has made some really good profits of late and the losers don't seem to be too nasty,just seems that they have come in bunches at times.And it gets back to size of exposure, which we don't see.

If there was a fault, and I am not the one to be critical, is that when he has averaged a trade I always feel that he should pick up some profits on the way to reduce his exposure, because anything can happen ,any time.

The only thing that blows me away is when I see comments about the potential market could go to 1230-1250 and then the next thing we see is the trades are posted going the other way!!
In other words,"what I think is not what I do". I don't understand that.

 

avg down is trying to mitigate damage because the 1st entry sucked, agreed? or do some use it diff?

 

dollar, very small nip,smaller's are less likely to hold,also a tl

 

getting out @32, flipping short there SWSI (should we see it)

 

in a perfect world,.i sell zones ,if they hold and fall,it's good,if they blow thru it's not,trying to get exact has never been my longsuit,so avg around the price is better than no trade, a little heat is normal,works more often than not,but you have to accept the good with the bad with that style,avg when it works is usually a better price than all in at one price,unless you get the exact top,when that happens i think it 's just luck

 

I hate this I've been waiting to get short at 1230 for 3 freakin days and now I'm scared. Daily Lin reg line from low (10/4) to now is around 1236 and that would make for a tasty lower high on the daily. Plus there was a bit of congestion there early last week. Might not get there today but tonight or tomorrow morning we should.

 

test HOD please and let me out! :eek:

 

bought another 30