SO there we were it was 12:03 and lunch time had arrived, I had been trading a 6 lot up until then as the market just bounced around with no direction. I was in the hope mode, praying to caught the next big swing and there was no follow thru. Since I am a trend trader and this was a swingers only morning it wasn't lookin pretty as I sat there eating my sub......not at all. Eighty people in the chat room had seen the worse trading in a month. I told them that these narrow range eat you alive but out of that comes wide range and I only had to stay out of trouble until then.
Then the sixth trade of the day trigger and I shorted, only to get clipped out yet again for a small loss but by this time, I was in no mood for any losses much less even a small one......then is triggered again just as I was getting stopped....and I thought..........................THE HELL WITH IT and went into hammer down mode, I had just had a total of 6 losses and I knew from my research it was time to get'r back so I load up the boat and set sail....
I use ninja charting and order entry to manage the trade and once I got to BE, my world started to turn around, the light of day can thru the windows, but until then I could feel my heart pounding in my throat......I had my target the world was good again......
IT was real good, as the next 4 trades were just nailing the entries and exits....tick extremes, stoch pullback and the secret sauce, shoot we even had a crown pattern setup that was worth a few bucks.......The traders in the room must still be talking about the live show that went on today...I have to believe.
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7 comments:
That was the most awesome thing I've ever seen in live trading Dennis.
I saw a 50 contract trade you showed 2 years ago but I never thought you would/could ever go THAT big in the ER2!
Hey Woodie, if you're reading this, why don't you show ONE DAY of your real-time trades from your brokerage statement. You know why you can't? Because you sit there like a weasel and try to front-run your room for 3-4 tick scalps. That is, IF you even have to trade anymore with all of the "free money" you get from the uninformed.
"Trading the HSI as a bonus" on your "DVD"...that's a good one...in your wildest dreams you would even have the skill to do that or the decency to show proof you ever traded it in real-time.
where is the live room? paltalk?
can you explain to me please the top right hand side graph.
Thanks in advance.
Regards
Adam
150 contracts in ER2? How about you show us a brokerage statement?
Until then, I can't say I really believe it. You say you did it live but what does that mean? You posted in your room what, "I've just shorted 150 contracts." That ain't saying much. Any nut can say what they want in their own room. And the pics don't prove anything. I don't see a an account number. Most pros I know will not trade 150 contracts in ES because the queue is so thin during the holidays. And what are you teaching your room by going from 6 to 150 contracts? Do us all a favor, post your brokerage statement or put the bong down. Anyone with any kind of experience knows you can't pull that off during the holidays.
You can't trade 150 ER2 contracts in slower holiday times? Really? And you've traded before? I don't know who you are, since you posted anonymously but I'm sitting here watching Times and Sales on ER2, and I see single Buy/Sell exceeding 80 contracts. So to get 150 might mean you would go up or down a few ticks to fill but fill you would. Sport doesn't need to post his brokerage statement to prove diddley; those of us who have traded in the same room with him over the years know the man is as good as his word; can't say the same for the fellow who ran that "other room".
If you were in the room, you know I put on a postion, I also scale out and add back on the next setup......I don't just lay in a 150 contracts.....but build, get your facts straight there Anonymous before blowing off your mouth....you are not running to be President......
Like when Bill said that once the HILL is President she will be sending both Bill and Bush version 1.00 around the world to tell everyone that the USA is open for business again.....
Are you related to them?????
Some of you disgruntled old farts reading this blog had better finally get it through your thick skulls:
You DON'T get the house Dennis is in and all of the custom elements he's put into it on top of that, take Gulfstream Jet trips whenever he feels like it, be a big contributor to charities and the UT Sports Program, etc, etc, by trading 5-6 contracts a day and averaging 10 pts. That alone would be a phenomenal statistic but that's "only" 1 million per year. No, you get THAT kind of lifestyle by successfully trading LARGE when you see the setups and volume supporting your move.
How much do you think it even costs annually JUST for Dennis to continue to live in "the house"? I'll give you a clue: more than the cost of some filthy lying weasel's house who lives in Anthem, Arizona paid from his wife's hard work and continually deceiving scores of wannabe futures traders out of THEIR money.
You're auditing the wrong guy. Audit the "nice old man" who lives in that average 400K Athem, Arizona retirement golf communitiy house who has you hooked now into trying to buy some home CCI DVD study course for $400 to $900 dollars a pop (depending upon how much he's screwed you already in the past). THAT'S the one you should question if you're lookin' for truthes about who trades what and for how much.
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