YM Traders

hi esu2
in my opinion if you must do this trade ...

look at NQ vs QM ...

also as far as your risk reward ( YM VS QM )
can you explain how you came up with your numbers or give an example of how you will risk only 200 to make 400 here ?

-my call right now is short qmx5
and long ym.. risk $200 to make $400 on the spread-
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Setharb,
I've been following crude with the 4 major index futures.
I look at the spreads between them all.

Is NQ more inverse to QM in your observations?
Dollars seem to be the easiest way to eyeball stops and
objectives when trading spreads.
I just looked at how much the spread moved today so far..
about $1000 dollars.

-esu2
 
Was long 1 contract at 10450 support level.

Put a 20 pt stop in and went out to run some errands. Came back and up +110. Sold at 10566.

Just went short here 4 contracts 10570.
20 pt stop.
 

Attachments

what has been your average number of trades daily in YM?

Well its been a bit more of late 15-20 round trips~
(and to be honest I make most of my money on like 3~ of those round trips; then with 3/4 of the other trades being small losses and 1/4 being small gains - thats what it has been like on average).

do you ever hold a position or trade with a position
outside of regular market hours?

ya sometimes; I've tried trading the YM in off hours but its alot harder for me to get an idea of trend and I usually have trouble doing other things if I'm trading during off hours. I almost never hold overnite thou - least for now. I did a few months back when I thought I knew it all :) but I'm restricting myself for now until I get a better handle on things.

do you mind me asking what your RT is commission wise?

honestly I dont know the commission; but I think its pretty cheap ie though IB like 4$ on average per RT per tract

ps .. hope you have been watching crude oil movements intraday besides whatever else you look at

I do have the QM up on my quote screen; and if its at one extreme or another; I take heed when investing strongly against that.

......................................

Some observations about what I just said:

- funny how you asked me about commissions and I really dont think about it. But the other day when I had some great runs even all the trades I did; at the end of the day I was just like "why are my profits so low ... is it because of the commissions?" I figured it probably was and I didnt give it much relivance. But now since you got me thinking about it again. I think the # of trades I do is actually adversely affecting my end of the day profits.

- also the above answer where I said how many trades I do and the winners and losers and what impacts my profts and success.
I said that I ususually sneak in on some major moves during the day ie 1-3 usually; and if I only sneak on 1 or not at all then usually I'm down quite a bit that day.

not a real example but its close; (numbers I am estimating off the top of my head)
If I make 20 RT a day; and lets say I get in a average of 2 big moves a day; that leaves 18 trades~ where 12 trades I have small losses typically 5-14 points; and 4 wins with 3-8 points.

so basically it would only make sense to but the number of trades down to save on commissions; either by:
1. setting larger stop losses and having clearer defined goals
2. only make trades where you feel you have the best cards lined up
3. see if theres a way to let your profits run more.

- seeing how my commission is 4$ per tract per round trip this means I need to make another point per tract to offset this. So basically I'm dealing with a 2 point spread whenever I enter a trade - 1 for the speard and another 1 for the commision ie 5$ a tick and 4$ commission a wash.

what do you think?
 
quicktrader; thats a nice surprise huh ... nice profits there.

If you dont mind me asking how long have you been trading futures for and how do you do yearly with trading them
 
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