wow, do I need to exit at the close if price is above 2146? it is +20 points from the second lot entry. probably I will exit. and regret it in...
I haven't. I don't have a tool or data set to do that. I just think entry at market close is better because of temporary dd vs. permanently missed...
lovely market action so far :D As posted, I entered at yesterday's close. If I waited until this morning, I could have 5 or 6 points better...
I am not 100% confident. and I am nervous about my position. Today is election day, and I have full size position. I've been in this business...
Why so many unfriendly comments? It's not even funny and no value whatsoever.
Assuming market goes upward post election, when do I exit position and take profit? My second ES lot @ 2126, I will probably aim 20-30 points...
** POSITION UPDATE ** bought one more ES @2126 per 100K capital long 2 ES contracts @ 2084 & @ 2126 per 100K Unrealized P/L = +$2100 / 100K...
My take on daytrading: daytrading is like playing 100 participants $300 buyin poker tournament everyday. You can never make a million dollars...
Adding to winners requires not only being on the right side of the trend but also being in the early stage of the trend that you intend to ride....
If monday's market closes near high of the day, and the price is right, I will buy one more ES per 100K at the close. adding to winners is tough...
Hey, thanks for the reply. I always try to remind myself that return should be on yearly based not monthly, and that mind set helped my trading...
No position change, same as yesterday. LONG @ 2084, 1 ES contract per 100K ES 2079 is a possible inflection point, but two more days of volatile...
Is today the end of spx correction? I doubt it. I have to see till the end of close, but market action is not WTF enough to be an end of...
I don't daytrade, maybe that's why I don't see the value of stops. I don't know your trading time frame or style, but I don't think hard stops is...
I believe spx is in uptrend started on June 28th(after Brexit fiasco). past week of so has been a rather large correction in the market(Thanks...
I survived because I don't use TA and hard stops. I expected a kind of fun experience posting here, but your comments make me rethink about this...
one more thing, past couple of years, one can say it was not a trending market at least in SPX. but still this strategy managed to generate good...
You are correct. the whole point of this strategy is identifying trend changes. and I switch my position from long to short and vice versa...
I don't use TA and I don't use stops. so unfortunately your suggestion has little value to me. anyway thanks for your input.
well, my intention was to share profitable strategy real time, not asking for trading advice. I won't share my trading decision making mechanism...
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