There's something called scaling into a position. And a 1% equity stop is 1% regardless if you trade $100 Million or $10,000.00. The only issue is when you want to exit fast and the liquidity is not there. The guy is better off trading the large SnP contract instead of 200 YM contracts or if his system is that good, why not just trade OEX options. They're very liquid.
YM Traders
- Thread starter volente_00
- Start date
There's something called scaling into a position. And a 1% equity stop is 1% regardless if you trade $100 Million or $10,000.00. The only issue is when you want to exit fast and the liquidity is not there. The guy is better off trading the large SnP contract instead of 200 YM contracts or if his system is that good, why not just trade OEX options. They're very liquid.
Blackguard,
You are excellent! Why don't you post you account statement in png or jpg mode (don't forget to cover your real name and acct number)! Let the people who don't believe day-trading can make a living see it themself.
Only yourself know if your shoes is fit for you or not
Nice job.You beat me to it!
Every rookie knows their is some retracement, I guess I could say I added to my short position @10580 and now hey look at me everyone im in the chips!
But thats not my style, I got stopped out @10581 oh well.
This minor up trend sure is lacking the volume. Its trading like the contract is set to expire next week.
coulda shoulda woulda works a lot of the time for me....WHEN I AM DREAMING.....if, probably, looks like, has the potential to, i think , maybe it will, hopefully it will, it has to, my feeling is, my gut feeling is, the news today will make it go ?, don't miss it, don't wait, mechanical can't work, discretionary does work, times are very important.......overnight position trading/guessing is good.........support and resistance.....pivot points bollingers, and all oscillators, ....no stops....inverted risk reward...countertrend trading....just trade.....ALL OF THE ABOVE CAN BE A PROBLEM................don't think money, think points....that's a cruel joke when ur butt is down a few points, why do we sweat? it's only points?
I TRULY HOPE EACH ON THIS BOARD MAKES MILLIONS TRADING.....IT IS NOT EASY NOR ACHIEVABLE QUICKLY....IT IS DOABLE......IF U WILL SACRIFICE ENORMOUS TIME AND EFFORT............IF U EXPECT HANDOUT, U WON'T MAKE IT..........
I TRULY HOPE EACH ON THIS BOARD MAKES MILLIONS TRADING.....IT IS NOT EASY NOR ACHIEVABLE QUICKLY....IT IS DOABLE......IF U WILL SACRIFICE ENORMOUS TIME AND EFFORT............IF U EXPECT HANDOUT, U WON'T MAKE IT..........
Covered at 10556
TALK IS CHEAP EVERYONE IS DIFFERENT DIFFERENT STYLES RISK TIME FRAMES DISCIPLINE DISCIPLINE DISCIPLINE WHETHER 1 LOT OR 100 FIND THAT AND EVEN BAD SYSTEMS CAN MAKE MONEY LACK IT AND GOOD SYSTEMS WILL EVEN LOSE MONEY CONFIDENCE CONFIDENCE CONFIDENCE PERFECTION IS AN UNATTAINABLE GOAL 60 - 80 PERCENT WILL MAKE MONEY 100% WILL MAKE YOU CRAZY TRYING LEARN TO LOSE BEFORE YOU LEARN TO WIN LOSE GRACEFULLY LOSE SMALL MANY TIMES PROTECT THE MONEY MANY PATHS ALL LEAD TO THE FINAL GOAL FIND THE ONE THAT FITS YOU MAKE MONEY NOT ARGUMENTS HOW ARE THE FISH IN MATAGORDA