No need for personal attack. Let's just be real and disregard. It does not make sense to have a 20 point stop and a 3 point target. It's not a real trade.
Who was attacking me? I didn't see anyone attacking me. You can disregard all you want. but I can disregard yours too I've already explained more than once regarding the placement of my stops, so there's no need to have another unproductive debate regarding them. My stops are not stationary. You like to put your stops outside the noise, so do I.
Quick reminder to all: It's not necessary to post trades here, but if you do, they need to contain a real time stop posted at the same time, since we have no way of knowing what an account size is. This is the way to keep it real and could aid in making someone a better trader as well. Averaging is ok for investing when the money is going to be available at some later point to average in. This however is a trading journal and stops must be posted. Because as we all know, leverage is being used and averaging in is indeed only being used by people who end up losing money. --- Use my posting as an example for proper posting. I copy the time stamps etc. and it's easy to see what my position is at any one time. --I end up disregarding the majority of the other trades posted as they don't contain stops etc.--I read them, but disregard the ones that are just attempts to be right.--I'd rather be wrong a lot for small loss and be right hardly ever, but for a nice gain.
For example, take the lottery. I would gladly buy 1000 tickets for a dollar each or even a hundred dollars each in order to reap a million dollar, or higher, reward. I don't have to be right too often to be a winner. Let's get back to discussing ES and posting real trades.
07-28-11 07:11 PM 07-26-11 08:42 AM 07-20-11 07:23 AM 07-14-11 06:19 PM 07-11-11 08:29 AM 07-08-11 07:51 AM 06-30-11 09:47 AM Currently short the Sep ES contract at 1314.50. Stop is 1372.50 --Maintaining short here. Stop remains the same. --Maintaining short here 7/11/11. Stop remains the same --Maintaining short here 7/14/11. Stop remains the same (outside the noise) --Maintaining short here 7/20/11. Stop remains the same --Stop remains the same 7/26/11 --Stop continues here 7/28/11 --Don't see a reason yet to change stop 8/01/11. Staying short.
WITH ALL DUE RESPECTB1S2...this is a matter of opinion,there are many ways to trade,this debate has been covered ad nauseum and is just a spring board for more of the same
Yeah!. I can see that you trade very infrequently (once or twice a quarter?) and risk a low 2% of your speculative funds (or total wealth?) per trade. So how do you pay the bills or are you already extremely wealthy?. I would like to trade once a month, quarter, year, or once a lifetime, score and retire. Is this possible?.:eek: