YM Traders

I cant figure out the YM chart so made 2 trades; made a few points.

Then I shorted DOW (the stock not the YM :) near its low and watched my profits go bye bye.

I was wishing I was in AMD today. I like the company. But was 'scared' about getting in a stock that was 'overbought'; lol whoever came up with that term.

The YM has been in a range for awhile when it breaks it should break hard.
 
ya its tough to figure where the trend is in this market (past few days). I got distracted this morning; but a few times I was going to place a trade and the market would have moved against me; if it wernt for my distractions I would be sitting in the red on more YM trades.

But thankfully the DOW trade did me the favor instead :)
 
Quote from djxput:

I cant figure out the YM chart so made 2 trades; made a few points.

Then I shorted DOW (the stock not the YM :) near its low and watched my profits go bye bye.

I was wishing I was in AMD today. I like the company. But was 'scared' about getting in a stock that was 'overbought'; lol whoever came up with that term.

The YM has been in a range for awhile when it breaks it should break hard.
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The 10:30 reversal got ya ??
 
Does anyone here only trade during certain times of day? I've found that trading right after market open is a crap shoot for me. Waiting until a solid high and low for the day have been established seems to give me a better feel for the day's direction. Plus I get better looking bumps to draw trend lines against.

Yet skipping mornings also seems to leave out lots of action. It seems like lots of folks trade *only* in the morning and stop around lunch.
 
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