The Trading Zone- Every superlative and more

Give them a Brake!!! Sec even comes in early to trade the Pre-market, and most of the time he’ll be up by 5-6 points before the opening.

 

I wouldn't brake if they stepped in front of my car

 

I'm so impressed with all of these first time poster's recommendations of this site that I am going to send them 4000 for my training.

 

As it is no doubt the "Holy Grail" (couldnt resist)

 

I visited the room twice a few months ago. From what I remember,
Greg makes the ES calls. He scaled out at .5, then 1.00 then leaves
some to run. He has probably changed that lately because of
market volatility.

Sec was calling the ER2 trades. Scales out with part of his contracts
and then tries to let some run.

With the market as volatile as it has been lately, they could of
made 93 or 150 pts total using the scale outs...

 

<i>"I’m not sure what angle you’re trying to pitch this from, but as I said, I don’t give a toss if people will or will not believe it, I was there, end of story!"</i>

Well, please let me clarify my angle for you. It's one of genuine curiosity. I've had a few days of 30+ pts and 40 - 50pts ES in the past month, where 100+ was certainly possible. Just wondering how it was done, and you seemed to have first-hand knowledge.

*

One of the ways I've seen trades accounted for goes like this: the trader works three contracts per entry. The first contract comes off at +1pt. The second contract comes off at +3pts. The third contract is trailed with a stop to catch bigger gains.

Let's say one round turn is executed like this: +1, +3 and +20 points. Many times the trader will credit that as +24pts in the trade. False. It is 1+3+20 divided by three, or +8pts total on the entire trade position. That's the true dollar value of complete position in and out, not sum of each piece being totaled.

If that weren't true, a trader turning 1,000 contracts could take 500 off at 1/2pt, 500 off at 1pt and claim +750pts ES intraday. How silly is that?

I was merely wondering if said trader(s) captured +93pts and +150pts ES linear, i.e. full position strength across the entire span.

Hope that clarifies

 

Spot on about the Scaling out part. But as I’ve mentioned earlier, I’ve only been a member for less than 2 weeks. So I only see them both trades with ES, can't tell you about earlier as I was not there. But the only difference between the two is the aggressiveness of their setups. Sec is quite aggressive while Greg takes a more conservative stance. I would love to be able to trade as aggressively as Sec but that is still a long way yet.

 

<i>"Spot on about the Scaling out part."</i>

So that means the +1, +3, +20 = +24pt trade "count" method is used?

 

I'll leave that to Greg or Sec or other members to answer this question. Sorry, I did not do the counting myself, Sec/Gator did the telly, but it sure was heck a lot of big winners on those two days.

 

dont bother defending or explaining any further . the majority of these guys are losers . if they cant pay attn to what you are saying they probably are unable to pay attn to what the mkt is saying when they trade.greg runs an open room . its real easy to find. btw ....took your advice and followed secs premkt trades early a:m . not too shabby so far.