Emini S&P 500 Day Trading Journal

[emg 12]

plan on going long 1298.25

 

1pt profit..................

[TheNegotiator 13]

emg, would you consider adding your thoughts say pre-session or how you felt you traded and why?

[MadMarketScientist 11]

emg,

 

Good to see you back. Agree with TN above -- would help if there was a little bit of a discussion the 'why' -- I realize you don't want to disclose all your rules of course but sharing some tidbits would be good for the community.

 

Thanks.

 

MMS

[MightyMouse 12]

emg,

 

Good to see you back. Agree with TN above -- would help if there was a little bit of a discussion the 'why' -- I realize you don't want to disclose all your rules of course but sharing some tidbits would be good for the community.

 

Thanks.

 

MMS

 

He fades the range and adds until he either loses 4000 or makes a point. He may roll the dice 3 times instead of 2 and wave his hands in the air before he enters a trade, but it's basically fading the range.

[Cory2679 11]

Another very key part of the strategy is that when he's long and has lost really bad, to then say, wait, I meant I was short, and I actually had a big profit. This goes a long way to help eliminate the enormous drawdowns one would expect with a strategy that's built around averaging losers.

 

To see what I'm talking about, starting with this post, follow it very carefully at least until you reach Tams's post... http://www.traderslaboratory.com/forums/3/my-es-emini-s-p-500-a-7705-42.html#post95808

 

EDIT: And his reactions to the criticism shortly after say it all...

Edited February 24, 2011 by Cory2679

[MadMarketScientist 11]

Regardless I'd rather here from the poster himself since only he knows the strategy and people do make errors in their trading all the time so an occasional misstep on a post or even a trade is fine -- it's still putting it out there for all to see.

 

MMS

[emg 12]

Good Morning Traders!

[emg 12]

plan on going short 1317.75

[MightyMouse 12]

Another very key part of the strategy is that when he's long and has lost really bad, to then say, wait, I meant I was short, and I actually had a big profit. This goes a long way to help eliminate the enormous drawdowns one would expect with a strategy that's built around averaging losers.

 

To see what I'm talking about, starting with this post, follow it very carefully at least until you reach Tams's post... http://www.traderslaboratory.com/forums/3/my-es-emini-s-p-500-a-7705-42.html#post95808

 

EDIT: And his reactions to the criticism shortly after say it all...

 

That is pretty funny. It's all good fun.

[emg 12]

plan on going short 1317.75

 

 

order cancel. plan on going long 1286.75

[emg 12]

That is pretty funny. It's all good fun.

 

 

that was the best day. must begin $100K per contract trading in es.

[emg 12]

that was the best day. must begin $100K per contract trading in es.

 

u notice that time laps during the flash crash. Because i trade live, it is impossibe to post and trade live every second during the crash. However, if i was trading on sim, it wil be a lot easier to post every second.

[MightyMouse 12]

that was the best day. must begin $100K per contract trading in es.

 

It will always come back, but the day will come that it does not come back before you consume all your equity no matter how large your account and no matter how small a position you start with. If you are fortunate enough to have banked 100k in profits before that day, you'll be good. If not, you'll suffer.

 

However, i suspect that you are playing so you can simply delete your losses and all will be good again.

[emg 12]

It will always come back, but the day will come that it does not come back before you consume all your equity no matter how large your account and no matter how small a position you start with. If you are fortunate enough to have banked 100k in profits before that day, you'll be good. If not, you'll suffer.

 

However, i suspect that you are playing so you can simply delete your losses and all will be good again.

 

Hard to speak to a man when their trading IQ is 75%

[emg 12]

please join me in traderlab chatroom. click the chat tab above

[emg 12]

order cancel. plan on going long 1286.75

 

order pending....................

[emg 12]

Good Morning Traders!

[emg 12]

Plan on going short 1320.75

[emg 12]

plan on going long 1294.25

[emg 12]

Today is the dip day!

 

[ame=http://www.youtube.com/watch?v=jllJ-HeErjU]YouTube - buy the dip[/ame]

[emg 12]

Plan on going short 1320.75

 

 

order pending......................

[emg 12]

Plan on going short 1320.75

 

 

order cancel. missed by 5 ticks

[emg 12]

plan on going short 1323.50

[emg 12]

Good Morning Traders!

[emg 12]

plan on going short 1332.50