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ES 12-22-08


INTERESTING OPENING COMING UP!
I think any new trader should most definitely have a daily loss limit and veterans as well...and thats hard to do because its like your giving in...but to many bad things can happen with your judgement when your just not having a good day
definitely less than 9 though eh haha..
I am going to eat this trade here and look for a better one
gap @ 70.50
Waiting @866.25 with a Long
l 1 @ 67.75
quote:
Originally posted by VOwater

I think any new trader should most definitely have a daily loss limit and veterans as well...and thats hard to do because its like your giving in...but to many bad things can happen with your judgement when your just not having a good day



9 losses with a 2 pt stop trading 1 contract would equal -$900.00

kinda a big loss for someone just starting out. Maybe make it half of that, but please don't go by me I'm just trying to add some insight.
not all of then are 2 pts...im at -412.5 with 1 contract on the day
very nice tick divergence down here
I have a resting order @ 70.25
874.25 is the Horizontal line off the 30 minute chart.

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161.8 Projection to 874.00<br><br>30 Minute horizontal line at 874.25


Click image for original size
Channel & Horizontal Line at 874.25