Scalping The Ym

Crude is a monster, and you need to know what you are doing and/or have a call into the NYMEX.

I just use DOM/SUB indicators!

sud'
 
Besides scalping, I was a news trader and always had the terminal at my side, I have not found a news service that has been as good or as fast. I would trade the bonds on some of the eco news and trade crude and natty gas on the storage numbers things like that. The first month sucks when u have to suck up the 2k but after that it should pay for itself
 
Surdo - you mentioned "The CajunFiddlerCrab @PURETICK" - from the following posts I'm guessing this is an instructional chat room for YM traders. Right?

If so could you help a brother out and point me in the direction of finding it?

Thanks a million...
 
Quote from T.A.P:

Surdo - you mentioned "The CajunFiddlerCrab @PURETICK" - from the following posts I'm guessing this is an instructional chat room for YM traders. Right?

If so could you help a brother out and point me in the direction of finding it?

Thanks a million...
More...

http://www.puretick.com/

They offer a trial!

el surdo
 
Quote from STEERAM:

I have made a living in the past daytrading stocks, high volume scalping. Making 20 here 100 here and so on until the end of the day made some good profits. I had switched to option trading on commodities for the past few years. I am wanting to get back into scalping but its been a few years. I dont want stocks. I like the ym to start becuase of the low slippage and wont get killed on a reversal, like an er2. I have pretty good commissions trading at velocity basicallt 2.50 all in a round turn which amounts to half a tick in the ym. Pretty much need to avg a tick all day long to make money. Obviously that includes breaking even losing a few ticks and making a few tics but an average of 1 all day long makes money. I have beentrading in just 5 lots and doing pretty well. Any traders on here doing this pretty sucessfully. I want to step it up here soon. I know back in the old days I scalped well and made the m,ost money off news of my bloomberg terminal which i will get here soon for eco news but I gotta think scalpin with these cost will be a bit easier than stocks.
More...

You will be better off scalping ES, $12.5 a tick. Velocity offers good commissions but $2.50 all in for a retail trader sounds too good to be true.
 
STEER , you mentioned wanting to scalp.

What do you think scalping is? going in and out of the market 50 times a day. Waiting for 3-6 good setups a day can yield the same amount of profits as someone who is constantly in the market. Fyi this is still considered scalping. I had to find this out the hard way and thousands of dollars later. :(

Caj
 
I hear ya Caj, I just used to do it and do it well with stock, I wasnt the most efficent I would do 1million share a day sometimes but amde good money. Its me having to learn patience, cause Thats not my personality. So the futures end is new to me( scalping that is) I am doing it in my spare time to relearn. I do like pure tick, I think you guys are good. But maybe its mean, I will try to give it another shot. Its not that I wasnt making money with you. I might have lost a little off the top by doing my own thing as well
 
Quote from STEERAM:

I hear ya Caj, I just used to do it and do it well with stock, I wasnt the most efficent I would do 1million share a day sometimes but amde good money. Its me having to learn patience, cause Thats not my personality. So the futures end is new to me( scalping that is) I am doing it in my spare time to relearn. I do like pure tick, I think you guys are good. But maybe its mean, I will try to give it another shot. Its not that I wasnt making money with you. I might have lost a little off the top by doing my own thing as well
More...

Are you scalping for the sake of scalping or to make money? I think Spectra is way correct. Although I prefer getting in once a day, personally, which also allows me to have a nice day job.

You have to overcome commissions, slippage, and the occasional error in the YM just to break even. I have met a lot more successful YM daytraders than successful YM scalpers.
 
You must log in or register to reply here.
Back
Top