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    Little Lex's YM Daytrading Journal

    Hey lex, long time no speak :-)... I've been reading over everythin for the past couple weeks and I want to ask why you felt like moving up contracts? increasing your position size doesn't mean you have to increase your risk amount, in fact you should rarely change your risk amount per trade...
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    New York Area Traders

    So any updates over the last 2 weeks?
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    Little Lex's YM Daytrading Journal

    congrats LL...remember don't get over confident, stick to your plan and plan your trades and trade you plan... I remember gettin a couple winning trades in a row, then a couple profitable days in a row, then a whole week profitable...then next week I just started thinkin I was better than the...
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    New To Options

    I am wanting to get started in options to both take advantage of capitalizing on the longerterm plays as well as the income producing strategies. Is there any recommendations on platforms or books or seminars I should look into??? thanks in advance Dubs
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    Little Lex's YM Daytrading Journal

    yeah index, ES and YM move very close because the S&P contains the DOW so they generally move together, sometimes the ES will take off prior to YM so that's a heads up, but always take note of the NQ and the Russell are doin because they can stall the other contracts a lot of the time
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    Little Lex's YM Daytrading Journal

    things to consider are your timeframes and your stop size, and how you base your stops... i.e. if you just say 15pts from your entry, or is it based on some kind of technical analysis
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    What is your best subscription service?

    haha nah, they're amazin
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    What is your best subscription service?

    Pristine.com hands down the best online service I've seen / experienced. Offers: 1) live seminars (online or in person) at many different locations across the world, ranging from Options, Stocks, Gaps, E-minis, Personal development (1 week live trading labs; the other seminars are...
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    Little Lex's YM Daytrading Journal

    Lex its my pleasure, when you help others you're helpin yourself review what you've learned and instill it even more ya know. One of the first things I was taught was to make a useful and practical trading plan, and was taught it in great detail by some amazing traders, so if you would like I...
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    Little Lex's YM Daytrading Journal

    how much of a target are you lookin for in your plays??
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    Little Lex's YM Daytrading Journal

    is that the timeframe you're most comfortable trading in?
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    Little Lex's YM Daytrading Journal

    oh and LL, what time frame do you normally trade in? like the 15 minute, 5 minute, 2 minute 1 minute... knowin this I think I can help you with entries and exits...
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    Little Lex's YM Daytrading Journal

    my comments on the short trade you posted...
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    Little Lex's YM Daytrading Journal

    my comments on the long trade you posted...
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    Little Lex's YM Daytrading Journal

    LL, I looked at your chart and commented on how my style of trading would have played that move in YM, now I don't know what the internals did or the overall picture of everything (what time frame that was when it happened etc...) and I wasn't playin the market today...if you liked my style or...
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    Little Lex's YM Daytrading Journal

    trading isn't somethin you should try to master overnight...definite could take well beyond a year to become a successful trader...you just have to want it that bad, and be able to support yourself through the learning curve...just remember you get out what you put in.... and I'ma try to post...
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    New York Area Traders

    Foxwoods, mohegan, nyc... I'm in both CT and NY, so wherever's clever
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    Little Lex's YM Daytrading Journal

    k that chart/attachment didn't work, or at least I don't know how to get there...but I'll email you my chart
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    Little Lex's YM Daytrading Journal

    The tick and trin can be very powerful market internals, but you have to break down the trin to the updown volume and the advancedecline line to get a good understanding of it....and using them for divergences and confirmation of moves. here is an example of a counter trend trade I took for...
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    Little Lex's YM Daytrading Journal

    lil lex...if I may make a suggestion... it seems like all your winners aren't exceeding the 16 point mark. Either you're set ups don't produce a favorable Risk to Reward ratio, (meaning you're risking 15 pts to get 16 pts) or you need to find another set up that tends to produce more explosive...
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