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I tried this a couple weeks ago - and was very sad one day when the market moved the wrong way big time ---- and I could not get a fill even though I hit that freakin buttom 10 times :-)

I had this very same conversation over about 6 beers and a cigar with an experienced trader-friend this weekend One day I missed 2 entries by 1 point The next day I got stopped out 1 point on 2 trades I was startin to suspect the folks who could see the entire electronic book were...

IMHO there is a difference between "no stop" and "a wide stop" --- the former can be a dagger through the heart on a bad day -- the latter is almost a necessity the way the markets are moving at the moment

hmmm how bout price & volume but in all honesty - I don't pay much attention to the volume all price pivots --- so far not losing but not winning big

er, ahhh actually 2 trades (4 transactions)

-$125 on 4 trades lost 100 of it in the final 10 minutes

ET is like most things --- theres alot of nonsense and an occaisional useful nugget

This is key - I have discovered aspects of it for myself I make fewer than 10 trades a day - and generally place positions out in advance of the current market action If the action comes my way - then the setups are hit If the action moves away ---- then my setups never get hit and I move on...

\ The news refer to him a "Mr Cent" lol

can't learn it all in one day its an iterative process thanks for the feedback

I think Im going to spend it at scores easy come easy go

I just started day trading. Learning from books. And posts here. Several books Ive read mentioned the general trading population on ES is more sophisticated and has more experience than traders on YM So I am starting on 'the bunny hill' to use a skiing analogy

Cool! Thanks for the help I appreciate it

I dont have Trade Station and TOS does not show me the # of transactions.. Any idea on that?

Yup - the fist sample I looked at was the daily chart for jan looking at it for 6 months its much closer to 150k

Closer to 150K?

Ahhh - you are a much bigger fish than me! Thanks I probably need to rephrase the question though ---- Since average daily volume is ~ 325K contracts and most people are trading a certain # of contracts repeatedly during a given day ----- how many total players are actually out there?

How many people (or institutions or whatever) trade the YM on a daily basis? Just curious looking at the volume -- and in my first month of trading intraday ---- I traded 1 contract as many as 10 times a day so curious how many active players there are in this game (this is a...

+$25 A really nice day to get taken to the cleaners in my opinion Flat and watching for some volume or some movement or something cause I dont see much as of 12:45PM

Well, I'm new to this ---- first month of trading futures intraday 1 contract simple setups I was successful in January - +$3700 on a $10K trading account any suggestions you have would be most appreciated