The Winning Edge 2

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Quote from RC-trader:

E-mini S&P500 Futures DayTrading


Oct 4 : Long

Entry : 1234.00

Let's go.
Can you trust me ? ha,ha,ha
Please enjoy my trading. Stop is 7pt from entry. 1227.00

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chatroom@rc-traders.com
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Man...you claim to be some sp trading wizrd...you post a trade to buy ep at 1234.....they proceed to drop 15 handles to 1219....the biggest move we have seen in a long time....you are good....
 
Quote from optioncoach:

Well I scalp daily so I took a point and closed and then shorted again at 1227.75 and took a point. Of course holding the original short at 1232.50 would have been nice lol. But hey I like my drive-by point scalps ;)

Phil
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I like todays action. Good environment for everyone to get off a few trades. 1218.50 ESZ5 on the nose. You must've had at least three more drives Phil. Ricky lost his number today although i believe he mentioned he has about 15 trade signals per day.:confused:
 
Well - until recently I traded Rickey Cheung's RC Success 2 system through Daniels Trading and I must say that I wasn't happy with the performance during the last 3 months. As a matter of fact I unsubscribed and transferred all funds to my main brokerage firm.

The RC trading system was certainly very good in the beginning - but performance isn't as good any longer. Especially brokerage fees, slippage and the 120/month per contract for the developer (Rickey Cheung) are nibbling away substantially from the system performance.

Mike66
 
RC,

Why did you set a stop 7 points lower than your entry when you are trading for 12-15 points? You trade for 1% moves and set a stop at .5%. Is this a good way to trade?
 
Quote from EPrado:

Man...you claim to be some sp trading wizrd...you post a trade to buy ep at 1234.....they proceed to drop 15 handles to 1219....the biggest move we have seen in a long time....you are good....
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Like you've never sold the bottom or bought the top (sarcasm).

You sound like a loser because you should know that direction calls are ABSOLUTELY useless - it's what you do after the entry that matters. I make money trading a 30% winning system because the 3/10 winning trades pay for 20 losing ones.

Give me a break already. I bought near the top too and then reversed as we started breaking down through support. Who cares what the calls are long as the system (plan) is solid.

I'm not trying to defend this sponsor but losing is a part of trading and the guy honored his plan.

In general - all those who weren't here for this guy's journal last year should read that journal. It is average but appears profitable.

Stop being so f--king negative.
 
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