Undertrade is the only way to guarantee that you last longer than craziness. Overleverage kills. Greed kills.
I will trade an up bias when my indicators read up. This could happen at 1050 or 950, or any other number. I have no way of knowing at what level...
9/2/03 Day 11 ES Bias: down Position: open from 1018 on 9/2/03 P/L: -22.5 (990-1008, 1018) Sell and hold P/L: -32.5 (990-1022.5) ZF...
ES range 1004.5-1022.5, sell @ 1018 ZT range 108'270-109'205, stop @ 109'060, buy @ 109'040, sell @ 109'160, buy @ 109'040 YG range 372.5-382.5,...
Waiting for ISM index.
It's not like I am starting to trade these contracts now. I have been actively trading all of them and this is a step toward a more systematic...
8/29/03 Day 10 (revised) ES Bias: down Position: none P/L: -18 points (990-1008) Sell and hold P/L: -18 points (990-1008) ZF DEC03...
The experiment will continue in the big account, and its scope has expanded to include 1 ZF, 1 YG and 1 QM. Same idea with the following...
8/29/03 Day 10 Bias: none Position: none P/L: -18 points (990-1008) Sell and hold P/L: -18 points (990-1008) No fear, no greed, lots of...
10 point range (999-1009) for the day. Stopped @ 1008. ES jumped up and down in the last minutes (1005-1009) but closed at exactly 1008 as if...
Not much reaction to the data. Waiting for consumer sentiment and NAPM data.
4 point range (1000-1004) overnight. Waiting for personal income data.
8/28/03 Day 9 Bias: down Position: open from 990 on 8/15/03 P/L: -11 points Sell and hold P/L: -11 points No fear, no greed, lots of patience
14 point range (990-1004) for the day. No trade.
Not much reaction to the numbers. Another less important number Help index at 10:00.
3 point range (994-997) overnight. Waiting for GDP and jobless claims numbers.
8/27/03 Day 8 Bias: down Position: open from 990 on 8/15/03 P/L: -6 points Sell and hold P/L: -6 points No fear, no greed, lots of patience
5 point range (993-998). Flat market. No trade.
I am saying it because: 1) I don't want people to ask me for advice; and 2) I don't want to respond to "why you didn't do this or that". How I...
This is the cake of my plan. The rest is icing.
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