S&P 500 & other indexes - intraday. Plus chat

[piggybridges]

Been at work all day. Still there.
Was stopped out overnight last night on my spx short.
I went long somewhere this morning and I *think* I put a 'take profit' order in for +4 handles or so, so I should have made last nights loss back with a little interest.
Will check details when I get home.
hope you guys done OK

 

[kimo'sabby]

Between the time I took the screen grab to the time I posted this, it's gone from bad to worse!!!!

Holding - but contemplating a scratch.

I can see what you went 4 m8, takes some knackers that one. Still got time, i'd scratch, but i would say that, it's not my type of trade.

 

[robster970]

Stop hit - another 5 ticks lost. That's me done for today.

 

[DionysusToast]

I'm wondering what happened to my "1 point first target, lots of breathing room" rule....

Would be nice if the market gave you a break when you diverge from your rules now & again.....

Out @ 1411.75 - 3 tick loss. Still think it's a short but can't get into moving stops.

 

[kimo'sabby]

I'm wondering what happened to my "1 point first target, lots of breathing room" rule....

Would be nice if the market gave you a break when you diverge from your rules now & again.....

Out @ 1411.75 - 3 tick loss. Still think it's a short but can't get into moving stops.

Best retail stop is 2 points.

 

[robster970]

Funny you should say that. 3 trades today:

Trade 1 - took a discretionary exit which although was better risk mgmt lost me a winner. Out to lunch on this.
Trade 2 - Should have got in after news rather than marginally before (14:48 - 12mins before)
Trade 3 - A bit quick off the mark entering for me. Still probably would have been a loser.

Small things that add up IMO.

 

[DionysusToast]

Best retail stop is 2 points.

That's a reason to enter, not to exit.

If you look @ my first pic, you'll see I got in at a point where the market moved down.

I normally scale @ 4 ticks, which then gives me a massive amount of breathing room.

But I didn't I got greedy, put target 1 way down and got spanked but out before it hit my stop.

Stop placement wasn't the issue. The issue was not scaling at the right point.

 

[robster970]

Shame on you Pedro.....

 

[DionysusToast]

Funny you should say that. 3 trades today:

Trade 1 - took a discretionary exit which although was better risk mgmt lost me a winner. Out to lunch on this.
Trade 2 - Should have got in after news rather than marginally before (14:48 - 12mins before)
Trade 3 - A bit quick off the mark entering for me. Still probably would have been a loser.

Small things that add up IMO.

Do you not find that when you deviate like this, you end up losing out 9 times out of 10?

I mean - take Trade 2 - I've done that countless times - forgot about news and got in ahead of it but surely it should be 50/50 as to whether that news release makes you money or not. Thing is - I find it almost 100% catches me a loser.

It's unforgiving.

 

[DionysusToast]

Shame on you Pedro.....

Any chance of absolution, father?

 

[robster970]

Do you not find that when you deviate like this, you end up losing out 9 times out of 10?

I mean - take Trade 2 - I've done that countless times - forgot about news and got in ahead of it but surely it should be 50/50 as to whether that news release makes you money or not. Thing is - I find it almost 100% catches me a loser.

It's unforgiving.

Yes - had I have been 'strict' today could have been:

Trade 1 - 4 tick win
Trade 2 - Possibly an 8 tick win but tbh, I didn't take the long after the news so I'm not sure I would have taken it. Anyway worse would have been scratch/no -trade.
Trade 3 - 5 tick loser I reckon regardless.

So instead of -11 ticks down it could have been -1 tick down........:whistling

 

[robster970]

Any chance of absolution, father?

 

[DionysusToast]

God bless you, Father.

 

[kimo'sabby]

That's a reason to enter, not to exit.


Us big slack players eh! I only meant it as a joke mate

 

[DionysusToast]

For de lulz

Let's just ignore that 4 year high shall we?

 

[kimo'sabby]

@DT. How r u getting on with the resident site haters? U can't stop them hating, m8.

 

[DionysusToast]

@DT. How r u getting on with the resident site haters? U can't stop them hating, m8.

I have 2 children. A 10 year old & a little boisterous girl who is almost 3.

The tantrums on here over the fact I DARE to sell software that I actually PUT EFFORT INTO CREATING and LET PEOPLE TRY OUT cannot compete with my little gal who goes ballistic because I tell her that the current Barney DVD playing in the car is in Thai only....

If my detractors were able to scream a continuously repeated 180 decibel high C "English Daddy" for 15 minutes, it would indeed give me pause for thought...

 

[DionysusToast]

Might as well hold for a proper pop

 

[piggybridges]

Been at work all day. Still there.
Was stopped out overnight last night on my spx short.
I went long somewhere this morning and I *think* I put a 'take profit' order in for +4 handles or so, so I should have made last nights loss back with a little interest.
Will check details when I get home.
hope you guys done OK

how gay.
It was only actually 22'pips' (2.2 ES points) that I had as my take-profit. Not 4.
I don't know why I was such a wimp.

I'm actually tempted short for a swing here at 1415.7. Not certain I'm gona take it, though. Such a manipulated market that shorting for anything more than a few points always feels like asking for trouble!

 

[DionysusToast]

damn - call that a pop?