I am an avid golfer myself, and I think trading and golf very similar activities. In fact, trading, golf, and gambling, in my mind, have a very interesting set of similarities. And by "gambling," I do not mean shoot from the hip buy a lottery ticket ...

Flag trading the trend

Locking in 5.25 points, but still keeping open to the possibility of a run at the 1930's before the close. I'm letting this go to autopilot and I will exit at the close if my stop or profit target has not been hit. image

Flag trading the trend

Moving stop up, will lock in 4 points soon ... image

Flag trading the trend

I was up seven but had a +3 stop so I am even for the day.

Flag trading the trend

Timing is excellent: Low made before 11:30 AM, followed by choppy lunch time trade, then a test of the low after 1:30 EST makes for a high probability double bottom rally for the afternoon session. Always keep an eye on the high of the AM session ...

Flag trading the trend

3rd time the charm? Bought the tes of today's low 1912.25 ... stil looking for 1930's. image

Flag trading the trend

Then, imo, you should be paper trading and/or backtesting, but not trading real $$ until you know without any doubt or confusion under what conditions a trade opportunity with an edge exists per your system. Again, I'm as guilty of pre-mature trade ...

Flag trading the trend

Moved to stop to lock in +3 which will guarantee a no worse than breakeven day. Still have profit target at 1931.25 and if $SPX cash goes positive, I should be able to move stop loss to lock in 3.5 to 4 points.

Flag trading the trend

I like your plan, D. Very sensible. Your talk of "parlay" reminded me of a study I had once done of professional gambling. In my opinion, much can be learned as far as system development and trade management from the behavior of successful gamblers ...

Flag trading the trend

Stop is at breakeven on the break back above 1918.50. If price trades above 1924, I will move stop to lock in 4 points. 1931.25 is my profit target. image

Flag trading the trend

Yes, D.

Flag trading the trend

I like Al Brooks's saying: The problem with trying to cherry pick your trades is that you will invariably pick too many bad cherries and leave too many good ones on the vine. In my opinion, if you have a valid set up with a real, tested and testable ...

Flag trading the trend

Nice trading, D. Cut the first lose for -3points, and here is my second ES trade. Long 123 set up. Still have my target (not shown) above 1930 for potential re-rtest of high. I'll trail my stop behind if this moves favorably. image

Flag trading the trend

2B Long ES 1920.50 looking to long from pivot to R1 which will test the area of the overnight high. image

Flag trading the trend

Why force it, D.? 35 is only 15 off the pace, and soon enough the market will give us another 100+ tick day. No need to risk on trading inferior price action, in my opinion.

Flag trading the trend

FOMC this afternoon - I picked up 4 ES points and I'm heading out.

Flag trading the trend

To me, Erasmus, that was not a 2B short set up. A 2B short, for me, has to occur at a high of an bull swing. A 2B long occurs at the low of a down swing. What you did, Erasmus, in my opinion, was to short a new low. Nothing wrong with that, of ...

Flag trading the trend

"I was thinking ..." If I had a dollar for every trade I screwed up by thinking, I'd be rich! I realized that being a human, I would likely never stop thinking. So what I trained myself to do is to think differently. "Wow, that move off the low was ...

Flag trading the trend

I pray you feel better son, D. Burns of any degree are painful injuries from which to recover. I just put on a long ES trade at 1878.75, stop loss is 74.50 and I'm looking for 10 points. This will probably be my only trade today as the kids are off ...

Flag trading the trend

Hello and welcome, skibum. 311 ticks is a truly awesome result! Congrats on your success. Stick to the discipline and you'll continue to do well.

Flag trading the trend