YM Traders

[Ripley]

Points are points porgie.. The method really doesn't matter. The method is whatever that is appropriate for the trader's personality for them to maximize their profit potential.

Plus, a weekly profit target tends to even out those little bumps in holding time.

so the consensus is 100-200 pts per contract per week for most traders?

 

[Ripley]

Well.. my weekly target for YM (we're shooting for the VERY best outcome) is +500 pts per contract. That is my max goal and will make me a REALLY happy person if I can do that during any week.

But +200 per week is my projection for the future weeks.

 

[lilduckling]

:eek: :eek: Ripley, if you can AVERAGE 200 pts per week.... you would blow away every single trader in history!

 

[Ripley]

Quote from lilduckling:

:eek: :eek: Ripley, if you can AVERAGE 200 pts per week.... you would blow away every single trader in history!

..........just projections.. But real life is something else though.

But, I made +174 total pts for Monday, and Tuesday. Got Lucky

 

[Ripley]

Dang.. just when I think I got it.. I give it all back. I should quit talking about the pts I make and projecting them into the future etc...

This time its all different

 

[Ripley]

Yeah.. As much as i LOST... a good two day sequence like that was bound to come around. Its all in the probabilities.

Even a blind one-legged squirrell is bound to find an acorn once in a while

 

[lilduckling]

Quote from Ripley:

Yeah.. As much as i LOST... a good two day sequence like that was bound to come around. Its all in the probabilities.

Even a blind one-legged squirrell is bound to find an acorn once in a while

Do what i did.... find a service that will keep you under control.... and prevent you from over trading. It will shed a whole new light on the mkts! it will fortify your discipline too!

 

[porgie]

if u trade weekly and i trade bars how can we talk apples and oranges.....we can't and we won't........but thanks for the idea.......as usual, all for grins.......paper trading is fun and stress free..........if...coulda, shoulda, woulda, might have, probably, and so on..........that type of trading is as beneficial to real time trader as going to the movies......

 

[MiniDowTrader]

porgie-
Can I compile your posts into a trading book?
We could name it "Zen and the art of porgie".

 

[porgie]

sorry sir, i don't know or care what zen means........all i know is price going up buy........price going down sell...like this morning since price started up.........it reall y is that simple.....that would be a very short book......