YM Traders

Quote from volente_00:

from a time perspective



10 points 10 contracts $500 - com


or 1 contract 100 points $500 - com


which one do you think has the higher probability of happening every single day ?
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i know what you mean and you're right. but if you make less trades with more contracts - the exposure is of course smaller on the one side - but higher on the other side - perhaps if you should ever have a problem with someones fat finger trade, etc.
 
volente

all of what u said is on the money....my point is if u can't make any consistent profit with 1 contract with a system that works, in my opinion u can't make it with more....trading skills are required to trade 1 contract as well as more ...I don't like 1 contract trading...but if traders won't trade system properly then they should minimize risk............1 contract is definitely for beginners .........multiple contracts are required to make real money.....for most..YM 1 contract is very close to paper trading........ my old boss made his in the steel industry.....30 years........not too far from your area..........
 
also, my boss man had a severely flawed system which had 5 pt targets es and 10 pt stops and bought high and sold low. and other flaws.......and people running the show who were not qualified to run the show....for instance, when entry call was made 2 people started voicing conflicting opinions and both were "experts"........bad stuff........
 
I'm with you volente on 620; I shorted at 10715 and looks like we broke a trendline here (like yesterday)

But dont they say the first break is something you should always fade? and the second break is real?

I went long BRCM this morning; thought we were going to gap and fly but not lol.

oh I should of stuck with my DOW short yesterday; it did well this morning.
 
Nice shorting.

I'm short biased as well.
Can long as well though , will see tomorrow.

I don't see huge downside yet.

I do see downside.

profit targets need to be kept closer.
 
Mornin' yummies.

Yesterday was the narrowest day (high - low) on the DOW in over 30 trading days.

Today is also a T day.

Does "T" also stand for "Trending", volente? :cool:
 
Quote from stevegee58:

Mornin' yummies.

Yesterday was the narrowest day (high - low) on the DOW in over 30 trading days.

Today is also a T day.

Does "T" also stand for "Trending", volente? :cool:
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T stands for Take the profit and run


These tight ranges indicate a big move coming soon either up or down.
 
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