YM Traders

[volente_00]

covered 10317

 

[quicktrader12]

Quote from volente_00:

covered 10317

Hey I thought you stopped scalping.

 

[volente_00]

LOL



I do it all.

 

[quicktrader12]

long 10290

 

[quicktrader12]

Quote from quicktrader12:

long 10290

Out 10297: +7

Looks like its going to be choppy today. I Will be doing many small microscalps. 2-4 contracts for 5-10 points.

 

[quicktrader12]

Long 10284 (just 2 contracts)

already sold 10294 : +10

Goal is to make $1,000 microscalping today.

Up $750 so far so almost there. I am sure I am due for some losers.

 

[empee]

nice1 quick, yeah looks choppy
i moved my stop I am looking for a big down day but it looks tight, maybe a pop them drop, moved stop to 10361 on my swing

 

[empee]

quick, what kind of stops do you use, 20 pt?

 

[wee man]

Flatlining..3:30 - are you ready Yummies..

 

[quicktrader12]

Quote from empee:

quick, what kind of stops do you use, 20 pt?

Typically yes I use a 20pt stop. Trade 4,8,12 or 16 contracts; depending on the setup.

BUT on a choppy day like this I use a 10 point stop and look for 5 -10 points. I know that the risk/reward isnt that attractive, but it works on days like this. Choppy expiration day with a tight range.

Up $800; another $200 to go.