Midnight rally
- Thread starter Rickshaw Man
- Start date
Tuesday 7:30am cst
Man...you keep dogging on the Midnight Rally and yet your username is Overnight. WTF!
I explained a couple of times that my nickname had to do with futures performance bond credit, not overnight trading. It's buried deep in this forum somewhere. Hell if even I could find those posts by me again, heh.
This system does not work every night, lets be clear about that. It does work overtime. The overall slant of the stock indexes is to rise. Going long the stock index futures at cash market close is profitable, you just have to be constant.
The overall slant is up, but blindly going long everyday is not for me.
My filter kept me out again yesterday.
How profitable is it?
It isn't. For every night that there is profit, there is a day of severe loss.
This is why Rickshaw will never ever compile a statement showing his wins. It is a 50-50 gamble, like trading the day session.
You win 3-4 overnight sessions for 10 points each, but then lose 50 points on the 5th session! OOPS!
Sadness and sorrow. Rick can obliterate my taunting by providing broker statements which shows his uber profits. *shrugs*
Naa, no need to get all up in rickshaw man's business when a data summary ala Laissez Faire would be hella better!
1buy the close 2sell the open 3make money 4goto1.
https://www.elitetrader.com/et/thre...ish-in-the-stock-indexes.353184/#post-5262555
1buy the close 2sell the open 3make money 4goto1.
https://www.elitetrader.com/et/thre...ish-in-the-stock-indexes.353184/#post-5262555