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Thank goodness it's backing off now... It's 111'055 now. So, I'm waitin' and seein'. So, for now, the worst case scenario has not happen ... whew! Last night, I saw YM at 10049. Was tempted to buy some. But resisted it. Now it's up to 10104! P.S. The irnoic thing is that I have...

I cant' get into IB for some weird reason!! But I'm not covering yet. It remained the same. I think tomorrow it might drift down even barring any big disaster in the equity markets and a flight to quality. But I still don't like how it's back to 111'07.5 now which was Friday's close near the...

ONLY $1000/contract or point? WTF? I don't know what kind of risk management you have. 1pt is a big move in treasury markets/bond futures... 1pt is a big risk. I'm hoping to get out at worst half or less than 1pt. maybe 10/32nd at most...

Another 12 hours before the bund is open!

illiquid: that's one very real possibility I've entertained. I have several chart patterns in my head that I'm waiting to see unfold. If it's a runaway market then I'll cover ASAP. But if it's gap up then slowly drift down then I'll bite the bullet and wait for it to come down. But I...

pete: That's a very good idea. I'm looking at some daily and weekly charts here. Here are some scenarios: 1) Worst case scenario: It opens up at 112, which is an ENTIRE 1pt move or 32 32nds. Then I'm screwed. That's like $10000 down/contract. Highly unlikely though still possible...

I should have added to my shorts that were working rather than go short the ZN with a total up bais today!! ACK! My dumb mistake. Add to winners.

I looked on the weekly. There's still al chance of it coming down from where I shorted it. But I don't want to use that as a justification. If Monday things dont' look right, then I'll bail ASAP. Hopefully NO GAP UP! Though a lot of it does point to potentially a little more upside. Scary..

where can i get bund quotes? I have IB. thanks for the good luck! I need it! I'm trading on a small acct. don't want to blow out especially after doing so well on the other shorts. that would be very sad thing.

illiquid, Does ZN trade overnite? WTF?! The quotes stop!!! I check CBOT website. Trading ends at 4PM CST. DOH! So, I should have gotten out at 111'045 when I had the chance. I forgot it's not Globex. I was hoping to cover tonight or over the weekend. I would be really screwed if it was...

Ebo: Still holding. It backed off a little. Not much. 111'06. Don't like the charts. Look so frickin' strong. And if we have a mini-crash or a panic on Monday, people will rush to US Treasuries and it would gap up! F*ck! That's the worst case scenario. So, I'm down 5pts on it. Ok. The...

Cover or HOLD?!!!! Sold at 111'01. Now it's 111'07!!

Sure hope so.. Shorted some.. Getting kinda nervous..

Flashboy, I've been there and done that. Very very painful process. Took me years to undo this bad habit of not following my rules. Even though I knew I should NOT go short I still went ahead and went short. Even though I knew Ishould NOT go long I went ahead and went long. There were days I...

But I must admit he does have a VERY GOOD point quoted here: http://www.rc67.com/interviews_futurestruth.htm "Rickey Cheung Interview by Futures Truth (issue # 5, 2004) Futures Truth: Do you have any special advice for new traders that you wish you'd had when you were getting started...

With a course priced that HIGH and given the clientele can AFFORD to pay for such a course, then i'm assuming the profits have to be in the MILLIONS to even make it worth ! freakin' unbelievable!

mschey, yeah. i noticed too that it was only for the last 5 years! we had super volatility during 2000-2002 during the peak of the bubble then the ensuing bear market. then a great rally in 2003. 2004 is so so. has the volatility always been the same? Noticed that their winning % is only...

stock777, interesting. That's a no risk trade! A wonderful idea. Maybe we all should come up with nice daytrading system and sell it for $7500. Even selling 10 of these is still a nice chump change! And use that money to trade. :) misc

sle, there goes the fantasy again. Why do people just assume just because you are given an account to trade and start throwing stuff on the wall until something stick that you'll make a couple of hundred grand per year? Is trading that easy? Have you read Market Wizzards? How many long...

let me tell you this from experience. prop trading isn't worth much on your resume regardless what people say. And I'm not sure how long this "salaried" prop job offer you have will last. It could be 6months or 1 year. Most prop firms are not that patient. If you consistently lose money or...