YM Traders
- Thread starter volente_00
- Start date
10k in selling is 10% of the avg volume all being done in 30 minutes.
but 10k is low considering that 60%+ of volume is done in AM/pm, plus avg daily vol on ym last few days is about 140,000. Anyway, its just a theory lets see what happens. I just post here cause I cant tell anyone else! but if merill wanted to sell they wouldn't sell like that. They would squeeze on light volume and sell into the pop like a big up candle then a bunch of smaller ones retracing the move, if it wasnt for FOMC i would be loading up the boat with a 10-20 pt stop, anyway i gtg i'll be back after fomc gl all, i went short Euro/long USD but very light cause of FOMC
So, based on what I understand is your usual 4 contracts per trade, does this mean that you can consistently earn between $600 and $2,000 even on bad days? (I can only imagine what your good days must look like.) If so, then I would suggest that you are in the top one-half of 1% of traders insofar as risk/return is concerned. Which begs the question: why are you here? I didn't think that ET would be of much interest to such outsized performers, at least not to the extent of your participation. Surely there are better and more profitable ways to spend your time, even during market hours. No?
I read some comments that the YM is a manipulated market. The YM pit is a desert compared to the SnP. The SnP is where all the paper goes and is used for hedging by the majors. Hence there is comparatively more liquidity and harder to game. YM is a pure Spec. market where it's truely a ZERO sum game. You win, someone lost. Although the a/h Spoos pit traders did game a few stops yesterday. Personally I don't daytrade the YM much anymore, but I do watch it along with all the other indicies. Way too much gaming in the markets, even Bonds. Tough days for retail folks. If you're a newbie the rule should be each of your entries has a 95% chance of failure. Keep that in mind when you put on your next position.
They pretty much trade in lock step.