Trading YM

"I am going to buy the top today @ 10590 just to show you this market will not go down, I am not placing a stop and will average down, no problem, this truly is a risk free market. Long 1 contract @ 10590. Market it down. Buy limit 1 @ 10570. Buy limit 1 @ 10560. I know this is not the most sensible tactic, just want to make a point."



I have seen many traders blow up their accounts trying to make a point.
 
you can make a tick if you sell now !

seriously ...

if you are risking real money here

why average down esp "overnight"

with no stop, unless you plan to be awake

overnight during asian and european hours?

:confused:
 
Quote from volente_00:

"I am going to buy the top today @ 10590 just to show you this market will not go down, I am not placing a stop and will average down, no problem, this truly is a risk free market. Long 1 contract @ 10590. Market it down. Buy limit 1 @ 10570. Buy limit 1 @ 10560. I know this is not the most sensible tactic, just want to make a point."



I have seen many traders blow up their accounts trying to make a point.
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It would take a real large drop to put me out of business with a few contracts. I have a disaster plan in place under 10300 should something happen while I rest.


I am confident the markets will get juiced this week. Alot of positions will start rolling over to Decembers contract. A strong market after a major disaster exudes strength.
 
Gambling with a huge EGO is bad Rickshaw...this should not be a contest...anticipation, ego, mind bias, gambling .........You could be right this time...but nobody knows for sure ....gamblng.....and if u r correct a few will do anything u say because they are always looking for someone to follow.......or maybe u r that good...one trade can't prove that....best of luck...quit gambling..... like volente I know a man who lost big doing all of the above instead of trading. Real big because that was his system....gambling........4 yrs. ago.......his people say they still lose so they quit the futures end of his business.....INVERTED RISK REWARD........IF UR R/R IS OUT OF BALANCE U WON'T LAST...
 
Quote from porgie:

Gambling with a huge EGO is bad Rickshaw...this should not be a contest...anticipation, ego, mind bias, gambling .........You could be right this time...but nobody knows for sure ....gamblng.....and if u r correct a few will do anything u say because they are always looking for someone to follow.......or maybe u r that good...one trade can't prove that....best of luck...quit gambling..... like volente I know a man who lost big doing all of the above instead of trading. Real big because that was his system....gambling........4 yrs. ago.......his people say they still lose so they quit the futures end of his business.....INVERTED RISK REWARD........IF UR R/R IS OUT OF BALANCE U WON'T LAST...
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Ok thanks for the advise, still long one at 10590.
 
My brother played the same game until he lost 2,000 overnight....that was ES.......he woke up riding the live nightmare............Please Rickshaw, set a 40 pt stop and quit scaring me ...........you like the thrill just as my brother did...............2 yrs. later he is back talking to me again...he blamed me for showing the stuff.....he is trading 2 and 3 dollar stocks scalping with 5 to 10, 000 shares each trade.....still a gambler....no stops again....trying to convince him to trade the YM.........I am showing him the difference in risk and the same or better reward with multiple contracts. My broker allows 300 margin req/per lot.........go figger against the 10,000 plus he is laying out @ risk......no brainer.........his system is gamble...my system is safe..........
 
Good to see everything is headed up, right up to 10640. No risk = no fear. US equity market is a no risk market at the moment. Bush will spend that 50-100 billion to help corporations not victims.
 
Quote from Rickshaw Man:

Good to see everything is headed up, right up to 10640. No risk = no fear. US equity market is a no risk market at the moment. Bush will spend that 50-100 billion to help corporations not victims.
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weeeeeeeee


NO FEAR$$$
 
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