6 hours of gains gone in 30 minutes.
YM Traders
- Thread starter volente_00
- Start date
You keep on mentioning DELL like it had anything to do with the EOD pullback. DELL is irrelevant. The ignorant talking heads and journalists will pick up on anything to make themselves look smart and right now DELL warnings got them going. DELL is only down 0.50 A/H so how is that news such a market mover
imo tomorrow is FOMC announcement and the big trading desks don't want to be caught with their pants down if there is an adverse announcement. That and the fact that the big guys figured out how to operate a new ATM for fast cash withdrawals
Personally I'm looking at possible position trades in the 10-year note and Currency futures. imo will start trending soon.
HOW ANYONE CAN EVER EVER EVER BELIVE VOLENTE AGAIN IS BEYOND ME. HERE'S A GUY ADVOCATING 20 PT STOPS 20 PT STOPS HE GET'S HIS ASS SMOKED TODAY DOWN 80 PTS AND MIRACULOUSLY NEVER SHOWS UP ALL DAY AND BAMM WHEN WE CRUMBLE HE'S STILL SHORT. SIR YOU ARE LIAR AND WORTHLESS CONTRIBUTOR TO THIS BOARD. YOU CHANGE YOU RULES CONSTNATLY IN THE REAR VIEW MIRRIR FOR YOUR BENEFIT. MAN GUYS LIKE YOU SICKEN ME
were are volente's supporters now. this liar shorted last night and miraculously he's silent all day as he gets his ass killed today and reshows up afdter we fall. how any of you can ever listen to him again is beyond me
Actually I find that the Euro openings don't predict US opening on major announcements. It's the other way around. eg. If tomorrow US closes up 1% higher, then you trade long the Hang Seng, make some bank, then trade long the DAX make some more bank. The correlation between European markets and US works when Both Asians and Europeans are down, the US *opens* down and vice versa for open ups. Only effects the open. But US close effects the others throught out their day. It's just my observation from trading overnite sessions on currencies and bonds, I don't have the resources to backtest this hypothesis.
ripper what happend to our agreement ?
Please show me where I posted I had a 20 point stop on the trade ?
Please show me where I posted I had a 20 point stop on the trade ?
Well I'm here to learn as I assume most people are ... volente has had alot of good calls in the past ...
I was also curious as to his 20 point stop (and was surprised by it since I dont think I could live with a 80 point draw down atm) but like to give people the benefit of the doubt; hence why I asked him about it and he said he was playing a 4 day trade.
...
on another note ... I had purchased the disciplined trader and pit bull; I also purchased the warrior trader or is it samurai trader (something like that) <<< this one might be a bit too asoteric for me but I thought if it had good discipline principles; and I need it
I've read most of pit bull so far (kind of jumped around). Interesting book. There are some things that I didnt jive with about the author but then there are some things that I did.
Example; when it was his money on the line when his brokerage firm was in trouble he was all over his money. But then when he was trading his fund he got pissed because people were all concerned about their money.
Or there was the part about how he borrowed 50k to trade with (from family) and how it wasnt bad because he knew he wasnt going to need it; he just wanted it there... I kind of wonder about all the other guys out there that think the same way and borrow money and then end up owing peter.
I mean if there is one thing I have learned from the market its; it can do whatever it wants/whenever it wants. If you are 100% sure its going in one direction lo and behold it might flip around and take your money and confidence and show you who is boss.
dont get me wrong I liked the book and the guy must be smart to have made alot of money etc; I just take things with a grain of salt alot of times when I read them and try to learn from things even if I dont agree with them.
For those that read the book what did you think about it?
I was also curious as to his 20 point stop (and was surprised by it since I dont think I could live with a 80 point draw down atm) but like to give people the benefit of the doubt; hence why I asked him about it and he said he was playing a 4 day trade.
...
on another note ... I had purchased the disciplined trader and pit bull; I also purchased the warrior trader or is it samurai trader (something like that) <<< this one might be a bit too asoteric for me but I thought if it had good discipline principles; and I need it
I've read most of pit bull so far (kind of jumped around). Interesting book. There are some things that I didnt jive with about the author but then there are some things that I did.
Example; when it was his money on the line when his brokerage firm was in trouble he was all over his money. But then when he was trading his fund he got pissed because people were all concerned about their money.
Or there was the part about how he borrowed 50k to trade with (from family) and how it wasnt bad because he knew he wasnt going to need it; he just wanted it there... I kind of wonder about all the other guys out there that think the same way and borrow money and then end up owing peter.
I mean if there is one thing I have learned from the market its; it can do whatever it wants/whenever it wants. If you are 100% sure its going in one direction lo and behold it might flip around and take your money and confidence and show you who is boss.
dont get me wrong I liked the book and the guy must be smart to have made alot of money etc; I just take things with a grain of salt alot of times when I read them and try to learn from things even if I dont agree with them.
For those that read the book what did you think about it?