YM Traders

Quote from stevegee58:

I missed the 3 point spread but saw 2 point spreads repeatedly during the afternoon. That's really weird during RTH, isn't it?
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Yes thats when the most liquidity should be available. It happened so fast but im pretty sure that was a 3 point spread, your right though 2 point spreads have become pretty common.


Right before the big CBOT IPO volumes were well over 100k. Guess that was all show.
 
Well im still hanging in here with a 1 lot short @10570 stop @10581, that stop might be easy pickings tonight, spreads could be 10 points easy.
 
NOT USING STOPS....NOT GETTING FINANCED.....GET HOUSE FINANCED GET INSURANCE...MUST..GET CAR FINANCED GET INSURANCE..MUST....SEE? NO INSURANCE NO FINANCE........IF YOU DON'T PROVIDE COLLATERAL YOU DON'T GET BIG LOAN....END OF STORY.....IF YOU WILL PUT UP YOUR HOUSE AND VEHICLES AS COLLATERAL MAYBE IT WILL WORK....UNLESS YOU ARE ON DEATH'S BED, AND I HOPE UR NOT, THEN BE PATIENT AND SUPER RESULTS TRADING FOR A YEAR, AND U WILL NOT NEED OTHER'S MONEY.....UNLESS U R PAPER TRADING.......
 
Quote from Rickshaw Man:

Well im still hanging in here with a 1 lot short @10570 stop @10581, that stop might be easy pickings tonight, spreads could be 10 points easy.
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oh no, what happened to we go up til year end ? LOL
You sitll holding WMT ?
 
Quote from blackguard:

to the board: Im taking a break for a few weeks until after thanksgiving and will resume posting after that.

still looking for capital to trade my sysyem with. I need enough capital to trade about 100 to 200 YM contracts and be able to hold these contracts overnite.

if anyone is interested PM me and we can talk.

my stats:

12 trades

10 wins 607 points
2 losses 24 points

highlights:

largest drawdown 50 points
longest holding time 48 hours
average pt gain per trade: 60+
minimum market exposure
trading costs minimized

sincerely,
blackguard
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What size are you doing now on these trades ?
You mention wanting 20% of the profits.
607 points x$5 x 100 contracts x 20% = 60k

You could make that same 60k trading only 20 contracts for yourself but you would need to have roughy 50-60k of trading capital for margin.



Why do you want to do so much size ?
That is 5 to 10 million worth of DOW at a time.
100-200 contracts is 500 to 1000 a tick.
Can you handle that emotionally ?

We are not talking about a 500 to 1000 drawdown but between 25 and 50 k on a position.



Have you looked into prop futures trading ?
Are you willing to relocate to do this ?
 
Quote from blackguard:

to the board: Im taking a break for a few weeks until after thanksgiving and will resume posting after that.

still looking for capital to trade my sysyem with. I need enough capital to trade about 100 to 200 YM contracts and be able to hold these contracts overnite.

if anyone is interested PM me and we can talk.

my stats:

12 trades

10 wins 607 points
2 losses 24 points

highlights:

largest drawdown 50 points
longest holding time 48 hours
average pt gain per trade: 60+
minimum market exposure
trading costs minimized

sincerely,
blackguard
More...


why not trade index options instead of giving your system away?:confused:

Anyways, YM looks like a good short from here 10575 with 10 point stop. Me thinks good for 100 points min. imo we're going back to 10470.
 
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