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Like Soros says.... "When you're right on a trade, you can never be big enough" and.... "It takes courage to be a pig" Scaling in as the position goes in your favor is not a bad thing to do - adding to a position as it goes against you IS a bad thing to do. You add to winners, you...

Ok, now this thread has taken on the likeness of another thread titled "Scaling is inferior" - the classic debate of whether to: 1) Go all in and all out 2) Scale in and all out 3) All in and scale out 4) Scale in and scale out A couple of ET members pointed out to me that scaling out...

Great comments everyone

Friday's lunchtime lull had a suddend cascade down - doesn't take much volume between 12-2 pm to make the market move

Is it too late to participate in the carry-trade unwinding

You hit the nail on the head: "The risk associated with derivatives depends on the ability of the counter party to fulfill the underlying contract." Therein lies the problem, and why the derivatives market should have been regulated long ago by the bumbling bureacrats, and made more...

I agree RiskManager! Suddenly, I am reading thread after thread of intelligent debate and discussion this week. Pleasant change of pace from the incessant bickering - seems like the kids left the house, and the adults have the place all to themselves!

This is a repeat comment, but this thread is the perfect place for it - all the computer modeling in the world is worthless when counterparties in derivatives trades reneg on their agreements. All it takes is one player going under, and a potential dominoe effect could occur. LTCM was one...

Just want to clarify something here. Bylosellhi and I are saying that there is a potential for a greater correction than what is being anticipated. We are giving our opinion on what might occur. I also share his viewpoint on the US real estate market and the economy in general. Of course...

Actually, Neet seems to have found a money management method that works for him. The fact is, you need to use what fits you psychologically - and Neet is doing that.

Support suddenly becomes resistance - that's trading 101 - and we calmly debate support and resistance on ET because its easy to do. The one thing that I see missing in this discussion is the psychology of the markets breaching these support levels. The speed and violence of these recent...

The notional amount of derviatives in play is massive - totals are unknown because many are off-balance sheet - dollar value can be in the trillions. Today, I hear on CNBC that an Asian official had underestimated the value of carry trades in their currency - to the tune of TEN TIMES more...

You say tomato I say tomayto - I guess that's why they call it the art of chart reading :p

Apex82 - after trading one lot for the last couple of months in a couple of different contracts, I now know that there is a disadvantage of always having to go all in and all out. No scaling ability, and that has its own set of psych issues like you stated. Thanks AustinP and Apex82 for the...

I'm starting to see the wisdom of ending the trading day at lunch - plenty of action in the first few hours lately!

I appreciate the guidance everyone! Wareco For trends, I can sell into downdrafts, but have trouble buying into upswings. I appreciate the warning on countertrend trading - tremendous risk - takes guts to step in front of the train. But select traders are fading that extreme price movement...

Thanks for that feedback - volume just shrinks during 12-1, sometimes 12-2. Then again, volume looks low after the first two hours each of the last three days :p

Question for everyone that answered on this thread - this is a long post, I hope you guys will be patient! I'm new to futures trading, and just started trading the YM contract on 02/27 - trial by fire! 02/27 sold into avalanche, covered after bounce - one trade for the day, great start...

The last three days volatility aside: Do you trade the 12-2 pm timeframe? Do you skip any specific "lunchtime period" due to lower volume? Do you trade the last 15 minutes?

Well, I either picked the best or the worst time to start trading index futures. I did my first YM trade on the big bust day and have been punching and sparring since.