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Trading the ES - Beginners Luck


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Trading the ES - Beginners Luck

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  #11 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
 
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Posts: 5,906 since Jan 2011
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Many brilliant traders who have made millions have lost it all and then some. At just over 1 month trading the ES, you've done a great job. But as they say, making money in trading is easy, keeping it is what's hard. I think you did exactly what you're supposed to do--you made money, you extracted it, and now it's yours. That's what trading is about. The ability to adapt to a variety of market conditions really defines a trader. As you see more varied market conditions over more months and years, your ability to adapt will be the key determinant of your success. Best to you!

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  #12 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 42 since Jun 2021
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elitecamper View Post
I wouldn't call it luck. Its more like skill because you are seeing the market with fresh eyes. What happens is we get lost and identified and start making poor trades. So the trick is to see the market with fresh eyes everyday. That involves trading and then forgetting about it until the next trading session. If you are always in the market and thinking about it night and day then you are lost.

Couldn't have said it better myself.. I am not bullish nor bearish i trade the trade. Just trying to grow a small account second time around..

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  #13 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 42 since Jun 2021
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Obvious short on open again tonight market feels exhausted around this level expect 4195 next couple days..

Profits: 1137.50
Balance: 5627.00


EPM21106

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  #14 (permalink)
 tr8er 
Market Wizard
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
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crazyjk View Post
Obvious short on open again tonight market feels exhausted around this level expect 4195 next couple days..

Profits: 1137.50
Balance: 5627.00


EPM21106

Lol, in the meantime I know: you are not a beginner as you mentioned

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  #15 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
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crazyjk View Post
Obvious short on open again tonight market feels exhausted around this level expect 4195 next couple days..

Since 4195 is right at the boundary of a standard deviation implied by the Friday weeklies it's certainly a possibility. But, we had a good liquidation break yesterday that was as transient as ever, so a catalyst will be all but required to see anything sub 4200 before FOMC next week. The one thing that might do it is a super hot CPI print tomorrow morning. It's one of the biggest data points in recent times, so anything much higher than a half percent like last time is likely to create a stir. Also, ECB presser at the same time, so could be an interesting morning.

Otherwise, until the risk rolls off dealer books next Friday the 18th, the mechanical flows are likely to continue to keep us pinned to a 4200-4250 range.

Of course, remaining flexible and adaptable is always most important. As always with markets, expect the unexpected.

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  #16 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 42 since Jun 2021
Thanks: 8 given, 16 received

Got on to some pre open action with some big swings..


ES is cooked now off to bed..

Might take off 2K off in case of a drawdown we can reload again or we up our size hmmmm... Ill sleep on it.


CaptureES1006

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  #17 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 42 since Jun 2021
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Cant get a good read on the ES tonight buggered from a busy week so will hit the pillow..

Also annoyed i closed my short at 4320.50 level..


epu21


epu211206

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  #18 (permalink)
 ferdinand911 
Tallinn, Estonia, Europe
 
Experience: Beginner
Platform: IB, Binance
Trading: Futures, Crypto
 
Posts: 4 since Jun 2021
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Nice job! Very well executed so far.
As I understand correctly, you do not use any indicators and rely on merely gut feeling and stay away during big news?

Thanks,
Ferdinand from Estonia


Sent using the futures.io mobile app

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  #19 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 42 since Jun 2021
Thanks: 8 given, 16 received


ferdinand911 View Post
Nice job! Very well executed so far.
As I understand correctly, you do not use any indicators and rely on merely gut feeling and stay away during big news?

Thanks,
Ferdinand from Estonia


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No indicators i trade off 5min chart and order flow on DOM..

I do look at markets and look at news to get a feel of what direction it could go.

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  #20 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 42 since Jun 2021
Thanks: 8 given, 16 received


First loss today i was short biased going into the open but tried to catch the bottom and ride up..

Obviously didn't work out wasn't awake on the big run up into close otherwise would have been a very good day.


epu1506


pnl1506

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