lmao i've been on the yhoo board for years and called 1000's of trades with 95% accuracy. i hit sbux short for 250k in jan and hit ebay for 355k on the crash. my question to you is why did you not stay in stocks if you were so good? with 30k down you could have gotten 100-1 interday buying power or $3 million. # as far as me having my finger up my ass the only finger i use is to to hit trades 400 times or more a day. and yes i've seen you get stopped out plenty a time on 20 pts stops. but the key is did one win more pts than he lost as thats all that counts
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YM Traders
- Thread starter volente_00
- Start date
I got really bored and looked up every real time trade I have posted on here since may.
54 trades
37 winners for 700 points
14 losers for -280 points
3 break even
54 trades
37 winners for 700 points
14 losers for -280 points
3 break even
"lmao i've been on the yhoo board for years and called 1000's of trades with 95% accuracy. i hit sbux short for 250k in jan and hit ebay for 355k on the crash. my question to you is why did you not stay in stocks if you were so good? with 30k down you could have gotten 100-1 interday buying power or $3 million. # as far as me having my finger up my ass the only finger i use is to to hit trades 400 times or more a day. and yes i've seen you get stopped out plenty a time on 20 pts stops. but the key is did one win more pts than he lost as thats all that counts"
I got out of stocks because I got tired of being screwed by the specialist and market makers. When trading WMT, I figured out how to predict the direction of the dow but the problem is I would be right on the dow but the stock would not follow, so here I would be with 1000 shares of WMT and the dow would drop 20 and my stock only dropped a nickel in the same time period.
At one time I was going to trade prop but I changed my mind because I wanted to pursue other avenues. Hell I have the STC manual sitting right next to me but I never took my test. After I graduated I had 2 offers to trade OPM but I declined them because I did not want to have to answer to others. As far as leverage, I get all I need trading YM.
I got out of stocks because I got tired of being screwed by the specialist and market makers. When trading WMT, I figured out how to predict the direction of the dow but the problem is I would be right on the dow but the stock would not follow, so here I would be with 1000 shares of WMT and the dow would drop 20 and my stock only dropped a nickel in the same time period.
At one time I was going to trade prop but I changed my mind because I wanted to pursue other avenues. Hell I have the STC manual sitting right next to me but I never took my test. After I graduated I had 2 offers to trade OPM but I declined them because I did not want to have to answer to others. As far as leverage, I get all I need trading YM.
The Rules
1.KNOW YOUR DAY
When figuring out your battle plan for the day, I use this simple rule to help predict bias.
I am bullish on Tuesday's and Thursdays
I am bearish on Mon., Wed., and Friday.
This does not mean I will not short on T days or go long on MWF. It simply means I am more likely to short on MWF in trades or go long on T days trades.
Through the years, I came up with what I call T day theory.
All it really states is that if the indices are in the red on a T day, there is around a 80-85 % chance that sometime intraday they will get back to breakeven or slightly green.
Exceptions, FED meetings are on T days, they screw this theory up so I do not use it on days rate changes are announced.
On MWF I tend to short support and reshort at resistance on moves up. On T days I tend to go long at support and buy back on retracements of support.
How do I use this.
Today in my post I said I was bearish at 355 this morning.
It was for two reasons.
1 being it was a M day.
2 being it was a gap up on a M day.
Gaps above on MWF are often shorts plays for me where I look to cover when the gap fills.
Gaps below on T days are often long plays for me where I look to sell when the gap fills going up.
As of right now I am long from 260 as posted under midnight rally in this forum. I am long because I am bullish on T days and I will look to sell at 280.
This concludes the first lesson.
1.KNOW YOUR DAY
When figuring out your battle plan for the day, I use this simple rule to help predict bias.
I am bullish on Tuesday's and Thursdays
I am bearish on Mon., Wed., and Friday.
This does not mean I will not short on T days or go long on MWF. It simply means I am more likely to short on MWF in trades or go long on T days trades.
Through the years, I came up with what I call T day theory.
All it really states is that if the indices are in the red on a T day, there is around a 80-85 % chance that sometime intraday they will get back to breakeven or slightly green.
Exceptions, FED meetings are on T days, they screw this theory up so I do not use it on days rate changes are announced.
On MWF I tend to short support and reshort at resistance on moves up. On T days I tend to go long at support and buy back on retracements of support.
How do I use this.
Today in my post I said I was bearish at 355 this morning.
It was for two reasons.
1 being it was a M day.
2 being it was a gap up on a M day.
Gaps above on MWF are often shorts plays for me where I look to cover when the gap fills.
Gaps below on T days are often long plays for me where I look to sell when the gap fills going up.
As of right now I am long from 260 as posted under midnight rally in this forum. I am long because I am bullish on T days and I will look to sell at 280.
This concludes the first lesson.
Interesting volente_00. I did some stats a while ago and have just dug up the spread sheet. Not sure if it is 100%, as I am not that good with excel but I did get Monday as a slightly positive day. There wasn't much in it, so I didn't bother looking any further.
I also remember reading somewhere that Monday and Friday are different in bullish and bearish markets. I think it was that in a bullish market, Monday and Friday are more likely to be strong and in a bearish market they are more likely to be weak. Can't remember where I read that or if it is correct.
Do you also look at the stats for previous years? I find that has more significance. The stock trader's almanac is good but I prefer looking at charts for each day over past years. There are some interesting observations from that but I still prefer to keep an open mind during the day and just trade what I see.
I also remember reading somewhere that Monday and Friday are different in bullish and bearish markets. I think it was that in a bullish market, Monday and Friday are more likely to be strong and in a bearish market they are more likely to be weak. Can't remember where I read that or if it is correct.
Do you also look at the stats for previous years? I find that has more significance. The stock trader's almanac is good but I prefer looking at charts for each day over past years. There are some interesting observations from that but I still prefer to keep an open mind during the day and just trade what I see.
Quote from Bigbusiness:
...I also remember reading somewhere that Monday and Friday are different in bullish and bearish markets. I think it was that in a bullish market, Monday and Friday are more likely to be strong and in a bearish market they are more likely to be weak. Can't remember where I read that or if it is correct...
The statistical info your talking about was freely posted by an ET member name guy2 sometime last year I believe (I read it also).
Here's the direct website link...
http://www.deltat1.com
The info is somewhere at that link (I can't remember where specifically) and I have no association with that site.
I believe he also posted stats on the time of day also.
In addition...I remember reading somewhere here at ET that someone else had an excel spreadsheet (up to date info and freely being shared) about ER2, ES, NQ and YM since their birth as trading instruments the stats of Mon, Tues, Weds, Thurs and Fri trading...
Stats for probability of up and down days and stuff about when to hold an overnight position.
I can't remember his name nor what type of correlation he found other than that it was an important aspect of his trading that he said was profitable.
NihabaAshi
small position shorted on YM at 10304
20 point stop.
Target 10284
20 point stop.
Target 10284