ES Journal Archive (2011)

Discussion in 'Journals' started by Buy1Sell2, Jan 3, 2011.

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  1. bapovs

    bapovs


    Nice trading going. FP
     
    #31     Jan 3, 2011
  2. ajcrshr

    ajcrshr

    #32     Jan 3, 2011
  3. volente_00

    volente_00

    #33     Jan 3, 2011
  4. emg

    emg

    another struggling trader. what joke. it hit the high at 1270.75 at 10:54 am new york time.
     
    #34     Jan 3, 2011
  5. ammo

    ammo

    54 add posted 12/22....12/27 between 12 and 1 am covered a 1/4 at 49 by phone ..not posted...stopped out at 65.75 on opening on 3/4 position.... flat
     
    #35     Jan 3, 2011
  6. Pekelo

    Pekelo

    He is actually worse than a joke. He is missusing a possibly very valuable system. Back in the summer he was right 80-90% of the time, but instead of using his prediction as target he has been using it as entry. He could have made 5+ pts per entry, had he listened to a few of us. Instead he was making 3-4 pts per month.

    Now his hitting average is down to something like 40-50%, so he is very inconsistent. Still with a 2-3 pts stoploss this could be made a profitable strategy. Today it gave 3+ pts as profit from the time he posted until the target.

    It almost doesn't matter that you missed the entry by 1 tick or 2 points, the bottomline is that you MISSED the trade altogether....
     
    #36     Jan 3, 2011
  7. ammo

    ammo

  8. Nexen

    Nexen

    It does not matter, you made no money.

    And what about the flash crash fiasco, you think we have forgotten about that one ?

    I might not be a stellar trader but I don't lie like you OBVIOUSLY did that May 6th day.
     
    #38     Jan 3, 2011
  9. ammo

    ammo

  10. jjf

    jjf

    Very wise.
    But if you miss a profitable entry consistently by 1 tic, then move your entry by 1 tic.
    This is quite different to moving it by 2 points.
     
    #40     Jan 3, 2011
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