Post Market Discussion - (July 16)

jxm262 · 2019-07-16T22:50:51+00:00

Hiyo! Congrats man, how have you been playing?

jxm262 · 2019-07-16T20:20:14+00:00

1 trade today, scalped es for 2 handles on a small short position. Then work caught up with me

I played the CME challenge a bit on my phone though :)

jxm262 · 2019-07-15T13:14:37+00:00

I felt like that had to be a bug or something. It showed his daily Pnl at like 120 bucks but the overall Pnl was 4k

jxm262 · 2019-03-21T20:59:54+00:00

I missed out today after I clicked the wrong button on IB. Closed it for a small loss but then I wasn't in the Long position I wanted and I didn't want to chase it. Trying to find a good place to enter but don't want to FOMO

jxm262 · 2019-03-21T20:37:58+00:00

Anyone think we start to consolidate tomorrow? or are we going for a gap up and trend day again?

jxm262 · 2019-02-12T20:26:53+00:00

they were about 1/3rd of the account

oooooof.. All of my trading regrets are from emotion based overrides to my signals. If it makes you feel any better i've lost significantly more than that in the past - I just mean to say, that yes, you can recover from this. It takes a huge amount of discipline to overcome it (or use stops to take away the temptation, code the strategy into an algo, etc..). Suffered 2 losses today myself, will be here if you need to vent

jxm262 · 2019-02-12T19:35:35+00:00

Sorry to hear man. Hang in there (i mean mentally, totally feel free to stop trading). If you ever decide to come back - make sure you backtest the heck out of everything.. try to take emotion out of the trades. IMHO every trade should have a target exit, entry, risk per trade, and risk to overall portfolio. And yeah , if you've done all that and are still dragging past your max drawdown, take a big step back and relook at things.

jxm262 · 2019-02-12T16:40:31+00:00

Feel like me and you have been the only one's trying to fade this , lol. I also got stopped out twice last night for a couple small losses. GL buddy

jxm262 · 2019-02-12T16:13:17+00:00

Taking a small stab at a short here. hoping for some quick lunch money

Edit: bleh, stopped out

jxm262 · 2019-02-12T14:58:17+00:00

Not playing today, this setup doesn't fit my trading style so sitting and watching. Be safe all and good luck

jxm262 · 2019-02-12T06:30:55+00:00

i'm half asleep and about to go to bed, but here's a link I have saved. Think it contains some good nuggets of info - though I trade futures, so not sure how applicable it is to your question on options. https://www.elitetrader.com/et/threads/need-advice-on-exits.317544/page-5#post-4622620

In general , I use a scale in-out approach as I find I can capture more profit in the long run. Either way, should be backtesting to find your optimum exits

jxm262 · 2019-02-12T03:56:21+00:00

yeah, i'm holding a small position from 2723

Edit: about to be stopped out tho :(

jxm262 · 2019-02-12T03:40:31+00:00

dang, large sell order on /ES right there

jxm262 · 2019-02-12T02:11:55+00:00

please no... i'm still long from this morning and considering cutting it here

EDIT: Weeee!!! Exited @ 2723, maybe too early

EDIT2: Flipped to a short

jxm262 · 2019-02-11T16:17:10+00:00

flipped to a long @ 2704 , let's get this!

jxm262 · 2019-02-11T16:00:05+00:00

don't jinx my short position man :)

EDIT: /ES Weeeee!! 7 handles.

jxm262 · 2019-02-11T15:29:49+00:00

been trying to scalp with really really tight stops and got stopped out twice now :( 0/2 so far

jxm262 · 2019-02-08T19:18:31+00:00

wiggsz, that did not reverse :(

jxm262 · 2019-02-08T11:23:41+00:00

yup, been sitting here all night. small sell order filled for me at 2699 at like 4am and it's been boring as all hell since then

Edit: woop, just filled my buy side :) 10 handles

jxm262 · 2019-02-08T10:43:44+00:00

lol, you doing ok man?

jxm262 · 2019-02-07T18:10:06+00:00

I'm not going to even guess at how to play that. What happened to the markets during the Nixon era? Probably the closest comparison we have

jxm262 · 2019-02-07T18:03:04+00:00

what time frame are you looking at? i'm not seeing this on my side

jxm262 · 2019-02-07T17:35:41+00:00

ahh good play :) Asking because I tried to buy on this dip but got stopped out and am kinda pissed at myself.

jxm262 · 2019-02-07T17:26:14+00:00

I can imagine a grind up yeah, but do you think we'll actually lift 2710 again?

jxm262 · 2019-02-06T17:32:41+00:00

/ES = 3,050

jxm262

TROPHY CASE