YM Traders

Quote from volente_00:

shorted at 10708

stop 728


bring it on bulls.
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so close volente... that was close call yet again.

Volumeless rally the last 2 days, it has to fall sooner or later.
 
Only around 17 dollars made today on my day off of school with commissions.

I can't complain, today is only the second day i have been able to trade the whole day... but I am learning so much and am greatful for it.
 

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Quote from volente_00:

They got me. I knew I should had waited to closer to 700 on the index to short but impatience got the best of me. But I still stick by my call and will be reshorting soon.
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why don't you scale into your position.
 
Quote from JMowery1987:

Only around 17 dollars made today on my day off of school with commissions.

I can't complain, today is only the second day i have been able to trade the whole day... but I am learning so much and am greatful for it.
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Ask your guru to tell you how he defines a choppy market. It's good to sit these days out since traders tend to give back all their profits because of the B.S. action.
 
Quote from mhashe:

Ask your guru to tell you how he defines a choppy market. It's good to sit these days out since traders tend to give back all their profits because of the B.S. action.
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Oh no, he didn't like today either... most of the day was spent joking about how little movement there was. I had several opprotunities, but I just wasn't into today, it is the first time I ever seen a day like this, that is why I said it was a good experience for me.

It was a crummy day. Same thing in the P&L thread in the other forum. Everyone seemed to have a bad day, or at least not their best. Figures it had to come on my day off.

But it was fun regardless. I learned a lot and am really happy with how much I have progressed. Still a ton more work to do, but in 2 1/2 more months, I'll be able to trade full time, and I would like to post P&L every day.
 
BTW, I kinda thought today was going to be a slow day today, because of where we were at on the daily chart. Notice how similar it looks to the last time it touched resistance, so I was kinda expecting this, but never experienced it before.

I'm just curious as to what people think will occur tomorrow... a move upwards and break resistance possibly, or a move down to resume the trading range..... any thoughts?
 

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Quote from JMowery1987:

BTW, I kinda thought today was going to be a slow day today, because of where we were at on the daily chart. Notice how similar it looks to the last time it touched resistance, so I was kinda expecting this, but never experienced it before.

I'm just curious as to what people think will occur tomorrow... a move upwards and break resistance possibly, or a move down to resume the trading range..... any thoughts?
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To short I'm waiting for a break below 10660. To go long I'm waiting for a break above 10760. I'll let you guys have all the fun in the middle of the trading range :)
 
I was simultaneously watching ER2 today and saw a fairly nice downtrend going on while YM chewed away.

I've often wondered if it wouldn't be better to trade a coupla futures instead of concentrating on just one.
 
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