YM Traders
- Thread starter volente_00
- Start date
BG.........i want to manage your business for you.........i am an old failure but man can I blow the smoke........you run the money grabbing end of it and I will blow the smoke to confuse them and look at the millions of $5 customers we can make rich overnight..especially 2 of us.......I am ready to go right now....chomping at the bit.....raring to go........hot to trot.....you are Mr. Excitement......
100% for a few weeks now.........I was satisfied with 90% but it keeps getting clearer and clearer intraday YM........market open to market close........is there something that makes volume look slow and only a distraction............100% of the time.....? never wider stop than 5 points...........my old boss told me there is such a thing in existence......if u r aware of this key to the goldmine...please tell us about it...no risk....all reward.........
1. Probably yes.
2. Most likely no.
3. You did (should have) by following my advice.
Seriously, unless you EXPLAIN why you make your trades nobody will learn shit or get insight into anything.
What we learnt from your trades was how to tie down money in a losing trade instead of taking a small loss and reposition ourselves at a better price.
I am not for scalping, but depending on market behaviour, it is better to have 3-4 small trades and at least one of them a decent gainer, than having the money tied down and waiting for the position to come back to breakeven. Also you were trying to swing it for big gains, when the market is going sideways.
OK, let's analyze this last trade. You went long a bit early, so far no big deal. I think the overnight gapup yesterday was a given, so if you had more money, at this point an averaging down and buying long more at the close would have been OK.
The gapup and the little runup was also rather predictable, that was the time to get the hell out of the longs and either get short or wait for a fallback. I am not just talking here, I posted my trades at this time and overnight gave me 24 points and I correctly predicted the following top and sellout into 10:45.
Ended up the day 40+ points with 5-6 trades, and I wasn't even good today, because I didn't exactly followed my own prediction.
So around 10 am (using Bollinger) you should have got out at breakeven or small loss and once the market fell, get in long again. You would have made 40 points with 2 trades instead of 10 with 1 trade. I know, you want your trading average to be high, but I think overall return occasionally is more important than the trading average. (and anyway the average would have been 20 points instead of 10)
So although I think you are a good trader, you still have to learn to trade what you see instead of what you think.
And please stop this begging for money thingy. I already told you about collective2, that is the place to get subscribers.
Hey guess what? I started there a month ago only and I already HAVE subscribers. (note the plural) But beside good trading it takes good marketing too, and most traders are not particulary good at selling their systems. Like you are not succeeding here either...
I actually had a subscriber BEFORE I paid my fee to list my system.
But anyway, most people are not good at learning, so I won't assume you are going to listen to me. But hey, at least don't say you didn't get excellent advice....
LOL....HA HA HA HA... Hee Hee HEE
What a knee slapper