The correct method for trading the ES is to stop out quickly when wrong and let your winners run with stops outside the noise. If stopped out, get back in, in the same direction if it still makes sense, using the same stop strategy. Never risk more than 2% of TLNW on any one trade/idea. This is the only true edge anyone ever has.
Surely you jest. If you think for one moment that's what real trraders do, you've yet to meet your first real trader.
:eek: You must be a real big hit at parties. I was trying to bring a little flavour to the drone like posts on this site
sorry,euda,i was asking in earnest,for the rest of the responders who took the post as an opportunity to put this guy on the spit for the weekend ,shut it down,this thread is about trading,anyone including euda ,that's using et as a way to put others down to boost their ego,is openly admitting that they haven't learned how to squash the ego,they are admitting,they are trading with a handicap,and are not as far along in understanding the market as their egos would have them believe...so euda,if you can shed some light on scalping,i'm all ears
in every one of us,there is a scared child,in most/all of us there is a master bullshitter(ego) protecting that fear,hiding that weakness,the edge is being able to sell the bullshit but know the truth,yourself,the market ,and hit the off switch on the bullshit while trading,the money doesn't matter,it's a mind game and if you can beat it,the money's there,it's secondary to the feeling of winning consistently,and the satisfaction of self mastery,controlling,subdueing that ever elusive/lying ego..not to mention beating the market....the bigger the ego.the more boastful the b.s...reread what you've written here in the last 2 days..ask yourself...no one else's opinion matters
I'm packing 10 inches. I drive a ferrari. My "edge" is sharper than your pube razor. My method is the only way to make money. Everyone at ET is dumb besides me. I make 4-5 times daily range . I'm right, your wrong. You must be a newbie. You are still paper trading in your moms basement. Lets see your trades. I want to see broker statements now. You don't know sh*t. Why are you using stops. Why are you averaging. Why are you scalping. Why are you trading direction. Why are your stops so small Why are your stops so big. Why are you trend trading. Why are you trading mean reversion. bullshitters bullshitting bullshitters
Ok. Let's get back to ES, how to trade it etc and actual trade posting. Little side trip is over. Back to regular programming--- This is a civil journal.
Buy1sell2, forgive me for not going back through the journal to see how you operate. Do you like staying in the market , by reversing, per your name? Or more of a stop and target type of fellow?
No targets, only stops outside the noise trailing a winner or stops getting out with less than 2% TLNW at risk. Will take a winner when market gives obvious reversal signal if I haven't been stopped yet.