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ES 10-09-08


buying @ 998.5

stop 994.5

i think it goes to 1010 - 1015 and back to the lows.
out 977.25
we break down like never before..
but keep ur stop order tight
like that tom petty song
i am short with stop order @ 981.25
buying 971.50
long one 971.50, tight 2 point stop
covering 976.00
Bought SPY 97 oct calls at 3.9
kool r u some kind of scalping monster :D
quote:
Originally posted by koolblue

YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!



Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.