YM Traders

Quote from mhashe:

As much as I respect your trading ability, I think you're letting your position bias your thinking. A break below 10824 and this thing will hit 10750 before seeing 11K (if at all). I already see the bullshit a/h grind up beginning, and looking forward to shorting between 10875 and 10900 tomorrow, may even get 10920 if there is early morning rally and shorts begin to cover.
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And I thought I was the only one seeing this market starting to run out of gas. I'm going to start scaling in 1 contract at a time up to a total of 7 contracts.

I think we'll be closer to 10,300 than 11,000 by the end of the month
 
Quote from porgie:

BG .........great performance..........I like the way u manage ur trades
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Excuse me? What was so great about letting a 30 points winner to turn into a 80 points loser??? That was not trade managament, but hoping and praying.

I am also bullish going towards the end of the year, but that doesn't stop me from shorting when I see a 20-30 points drop coming....
 
BG is not playing the penny ante game....with the rest of forum guys..............20 or 30 pts is chicken feed for him............he is not the "dumb money"...........just confident.........
 
Quote from blackguard:

http://www.elitetrader.com/vb/showthread.php?s=&postid=913073#post913073

update on my trade:

still holding my long position from 10913 and still very bullish. This will be the longest hold for the dozen or so trades I have posted here. All the others were closed out in less than 24 hours except one which was held 48 hours.

still holding long position. System shows a higher value between now and the second week in January 2006. Position will probably be closed out over 11000. I advise all dips like this to be used to accumulate long positions for a coming upmove.

Because of my significant profits to this point I am willing to let the position meander and am willing to hold thru this drawdown. At the time of this post my drawdown is about 65 points.

blackguard
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65 points drown down for a swing is nothing.

market will break 11000 after correction is over.

I will keep on buying every dip till 2006.
 
for the blackgaurd bashers
Keep in mind how many triple digits trades he posted in the past. If one is shooting for 100 points, then perhaps one could also have a 100 point risk margin, such as when I go for 20 and have a 20 point stop. The dude is down 20 points right now and you people act like a hedge fund just blew up.
 
Quote from volente_00:

for the blackgaurd bashers
Keep in mind how many triple digits trades he posted in the past. If one is shooting for 100 points, then perhaps one could also have a 100 point risk margin, such as when I go for 20 and have a 20 point stop. The dude is down 20 points right now and you people act like a hedge fund just blew up.
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No one is trying to bash the guy but when somebody openly touts the thread for people to give him money to trade with then its reasonable to ask sensible questions.

Blackguard only responds when it suits him, and with an attitude that wont bring him any fans - or money
 
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