YM Traders
- Thread starter volente_00
- Start date
Quote from SethArb:
hello everyone ... I am curious if any of you
real time YM traders has ever tried trading
other futures products ( and I do not mean ES or NQ ) rather other things like gold or crude or
even forex or bonds ?
I trade softs (sugar, cocoa & cotton) from time-to-time off of dailys.
I've also done the 4x thing but I don't like it. Much prefer the currency futures. 4x is like the wildwest, without a sheriff, imo.
osorico
Hello traders.
If your stops are getting hit ("to the tick") it generally means a couple of things as follows:
1. You are placing your stops in obvious places and the big players (and noise) are taking you out.
2. You arent calculating your stops correctly (you havent adjusted for daily variation in volatility)
3. You are trying to "get by" with stops that are too small for your system. Check your risk/reward. Compare against the profit you make on a per trade basis. If you aren't hitting at least 3:1 with a ratio of 70+% you are a net loser, because you cant oversome expenses.
Thats about it. Get it right and try again.
Of course the time to get it right would have been during your research phase. But hey thats just one mans opinion. I realize that is it more important for some of you to be chatting here with friends.
Steve
If your stops are getting hit ("to the tick") it generally means a couple of things as follows:
1. You are placing your stops in obvious places and the big players (and noise) are taking you out.
2. You arent calculating your stops correctly (you havent adjusted for daily variation in volatility)
3. You are trying to "get by" with stops that are too small for your system. Check your risk/reward. Compare against the profit you make on a per trade basis. If you aren't hitting at least 3:1 with a ratio of 70+% you are a net loser, because you cant oversome expenses.
Thats about it. Get it right and try again.
Of course the time to get it right would have been during your research phase. But hey thats just one mans opinion. I realize that is it more important for some of you to be chatting here with friends.
Steve
Steve,
we are not friends since we don't know each other but have u been reading my mail? or chatting with me...........above comments hit my nail right on the head....those have been seen and proven over and over for many years and getting more and more invincible........... there are certain facts in this business that cannot be re-invented..........accept the facts or lose.........
we are not friends since we don't know each other but have u been reading my mail? or chatting with me...........above comments hit my nail right on the head....those have been seen and proven over and over for many years and getting more and more invincible........... there are certain facts in this business that cannot be re-invented..........accept the facts or lose.........