MightyMouse

The fun thing about trading is that we are all really equal. No one is better than the other. An Individual's insecurity coupled with the boastful ego of another make him think that he is not as good. I guess a good start for you if you are trading sim might be to first stop caring what people think.

Scratch the 1314.25 entry. Leaving for the day.

I knew that and ignored it.

I'm out. I gave it everything i was going to give it based on what I was seeing. took a small loss. Sucks but you live by your decisions. It was a decision that I would make again and again. If it does go back down from here, I will get back in short down at like 1304.If it goes to 1314.25, I am going to enter long.

Going to bail at 1311.5

I am staying short until 1314.25 and possibly reversing to go long there if we get there.

Once again, there are never clear cut rules in trading. First, if you lose your objectivity and are trading irrationally, you should shut down your account, walk away, do what ever you do before you take your first trade or as soon as you realize that you are not of the right mindset to trade. If you take losses and are doing everything right, and still have to ability to do everything right, then there is no good reason to shut your computer down. In fact, you shouldn't think about your p&l during the day. You need to: know how to hold em know when to fold em know when to walk away know when to run You don't count your money when you are sitting at the table There'll be time enough for counting when the day is done.

If we can get below 4.25 before we get above 8.25, I would say that the buying is over. But I am biased by hope.

It looks like there is a lot of aggressive buying coming in. If it continues i will not get out at 1306.5. Those traders are exactly who i need to come in so I do not want to get out yet. I am staying short with my stop at 1314.25

moving stop to 1306.5 if we do not get below the 98.25 low

I have to consider here that a bear trap may be developing. If it is, then I am going to want out. At this point, I would get out at 1308 if we do not go lower soon. It is too easy for the overnight traders to move this around on no volume and then make a happy person sad. I'll get out there and possibly get in short again. If I do move my stop to 1308, I will post it.Otherwise, it stays where it is. I moved the stop to 1316.

Once again I feel the need to express my gratitude to the traders who put their money on the line and provide liquidity at the low trying to call the bottom of a down move. Without your help, we would be going up. So for that, I am grateful.

Unfortunately, the risk isn't shrinking much on this trade. I am moving my stop to 1317 from 1319 and I will move it to BE if we get to 1294.50. You don't always get what you want. That is where the stop stands now but that may change.

Yeah I would call the overnight action junk with some successful stop hunting and ditto on what may happen next. It looks like bottom fishers who bought are already offering out some of their position so it remains to be seen what they will do with their remaining contracts. So, are they going to be strong buyers with the rest of their contracts and not dump or will they dump and try top buy lower? If they are weak they will dump, if they are strong there won't be much selling when we probe lower. If we probe lower.

Like any and everything else in trading, there are no absolutes. Greed can be bad if you apply it at the wrong time, sure. But greed is also why some traders make hundreds of millions of dollars a year and others are part of the 95% who lose. The trick is to apply greed when it is fruitful to apply it and avoid it at other times. To think that greed is always bad because one's religion or society or their grandma told them so will confine one to the same mediocrity that they are trying to break out of.

Well, by design, wouldn't you expect 95% of the responses to be about why they lose?

Pride, the symptom of ego, is one of the seven deadly sins. I read somewhere at some point that if someone were to say something to you that would have the affect of "crushing" your ego, that you should thank them instead of feeling hurt. The fear of loss is the fear of doing damage to your ego. I started a thread to post es trades or other short term trades as legitimately as possible. In doing so, I am bare naked. There can be no lies. There is a level of vulnerability, but for me it is a trace feeling. I used to care, but i really do not care what anyone thinks if they do not see me make money or if what i do appears to be a mistake to others or whatever the case may be. I have been the only one posting trades. My guess is that traders risk exposing the reality of their trade decisions and that causes pain or anxiety. It is easier and best to protect their egos and say they made money without showing that they actually made decisions that lead to profits. Of course, I could be completely wrong about that.

As I was typing the low broke. I am really glad I am short and it is very difficult for me to take credit for being in the right direction. I really think that credit should be given to the buyers who tried to call the low and the nice sellers who had the fortitude to press lower to seek the sweet, sweet free order flow created by the sell stops of buyers. For that I am grateful. If it should break hard below 1300, I will add at 1286.25 then more below that. My stop is still at the same and I will move it down soon.

It seems like es has that really nice stacked bid look to it which will encourage traders to buy at the ask and ultimately give inside sellers to opportunity to sell higher and hit the bid to get to their standing buy limit orders below the low which coincide with the stop orders sitting there from the buyers who risked buying and placed a stop below the overnight and yesterday low. I still see the direction as down even though we have balanced here from yesterday at about noon or so. I will give it as much room as a possibly can to move. if it presses lower and then reverses up back through the range I am likely going to want to get out. But there is time to decide and my stop remains at 1319

My stop is staying at 1319. A disadvantage of being an individual discretionary trader in a 24 hour market is that I need to sleep at some point and I can't make trading decisions in my sleep.

Hey Josh! What I hope to show is the constant assessment and reassessment of risk and reward when I am in a trade. It differs dramatically from the set it and forget it approach of "target or stop". I also hope to post a big winner and demonstrate how to take advantage of the leverage in the futures market. The trade I got out of earlier was a dud that I got out of with a profit. It was not what I call a winner. You'll see wins, losses, good moves and bad moves. All decisions, right or wrong are made with information derived from price, time, and volume. I do not pretend to think that I am always right or that I know what the market is going to do and I certainly do not think that I am the best. You will see every decision made live and before it is executed. There is no cheating and what you see is what I get. My edge will become apparent over time and it is not something you will find by staring at a chart or back testing data. Also, I do not pretend to make a living trading, but I do make money. If someone had enough money and his expenses were low enough, he could make a living doing what I do. But, my expenses are too high and I do not have the capital to generate the income I need. I certainly hope that others join in and post a trade. es can get lonely MM

I didn't realize it my dart throwing was that obvious.

Stop is moved back to 1319

stop is set at 1313.25

Stop is at 1319. this looks like low volume and it if reverses, I will probably want out at1313.75 if we do not go lower than 1305.5, but will see. Did I mention I love trading?