The treacherous path to $200k a year

Short YM -

I'm looking to short in the next 2-3 days.

Not today (monday) ,definately not today.

Long YM -
I'm looking to go long as well today.
But only if the market acts my way. It can go up big, but if it doesn't act my way, it means nothing to me.

The funny thing is, I'm very flexible, Thats the key, If It doesn't go one way, I'll go the other way. This is a key in big $$$. I will explain in further about this. No this is not advice, this is just my thoughts.



I'll also trade LONG as well now in futures, I didn't trade it before because I never figured out a good secure entry method. It still might need tweaking. But its been backtested.

I found it last week on wednesday/thursday. Oddly, I found it while trading 500 lotting stocks.
Oddly I find all my methods trading stocks.
I thinkk I'll just trade stocks on the side for kicks and knowledge and run my proven methods on YM / ES.


I think with stocks it makes me focus on multiple things, not just one index, I focus on stocks, head stocks and the index, sometimes oil. Like 5 things, will show me a lot of patterns I need to know about, And things tick.


No this is not advice, this is just my thoughts.
 
So I guess you are wimping out then after YOU had posted a challenge. Typical all talk no show Coolweb.

Quote from coolweb:

Magna,

I'll be posting the challenge Trades in another journal if you don't want it here,


And this challenge will definately detail my trading trades because I'l be posting the trades right here as well or in another journal.


Steve,

the question is if you doubt me as a shitty 4 month trader, not if you can beat a 4 month trader.
I'm sure you can beat me for now, It'll take me maybe 6 more months to toast you with 40k month NET not GROSS just by upping my contracts because my method is scalable. yours isn't :D



NTB,
Its $250, What do you expect an audited statement? :D Its no $2k football game bet, Its just light fun shit. I'll won't be taking any funds because I have hell lot more then $30k to trade with and futures can't be played easily once it hits 100 contracts. Thats only a test.



I msged the moderator to see where I should post the challenge TRADES .

I'm sure a journal of trades from a challeneg is always valid, its not just bluffing and puffing.

I want a new dyson.


And of course I will continue posting trading activities in this journal :D
More...
 
I'm short YM 10708 AVG
3 contracts

This is not a great trade, but I'm testing out my scaling abilities.

I'll tell you when its a sure thing trade.

I'l have stops on 10706

10708

if I don't post, you'll know its automated.
 
didn't get sotpped out yet
spike

next touch on 706 will be stopped out

<b>
update 11:17 - 10706 stopped out +2 ym
</b>


just a scaling test , Was a lot of fun, this is not my usual trades, but I was stacking contracts once it was on my way.

Now I am stacking in 1's

in 2 weeks I'll be stacking in 10s



With YM the liquidity is around 20-30 per point.(this is what I use the bid/ask for btw) :D


I think I can stack about 10 per point.
 
Why should I put him on ignore? He offered a challenge, he said 2:1 odds because he is the sickest trader around and I called him out and said ok, lets have a little wager. Its not that I think Coolweb doesnt have good ideas and he COULD be a sick trader someday, but he is a little too high on himself right now.

Quote from wanderer:

why don't the 2 of you just put each other on IGNORE ?

edit : my reference is to Steve T and coolweb
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