YM Traders
- Thread starter volente_00
- Start date
I was right...It did go up due to two reports being bullish. What really helped was OIL going uP too. VOLENTE_00, remember I was telling you about this while I was chatting with you. OIL is actuualy helping the matrket nowadays. yesterday, OIL was down, market was down. I got my 250 BP on ES. I will wait for the afternoon phenoemenon, we talked about.
http://www.elitetrader.com/vb/showthread.php?s=&postid=910180#post910180
covered 10915 for 25 points
blackguard
covered 10915 for 25 points
blackguard
Great trade management - not!
Blackguard: Since posting your short call the other day the ym went approx 45 pts in your favour, it then retraced approx 80 from that point, the ym today broke to the upside with some volume and at that point the trade was approx 35 points against you and given the hype surrounding 'year end rally' and '11,000 on the ym' kind of talk this market could have taken off like a rocket to the upside.
The fact that it did not do this means you were saved imho.
What exactly was your trade management criteria for this trade?
If you are serious about attracting other peoples money to use in the market then the question is a valid one.
Blackguard: Since posting your short call the other day the ym went approx 45 pts in your favour, it then retraced approx 80 from that point, the ym today broke to the upside with some volume and at that point the trade was approx 35 points against you and given the hype surrounding 'year end rally' and '11,000 on the ym' kind of talk this market could have taken off like a rocket to the upside.
The fact that it did not do this means you were saved imho.
What exactly was your trade management criteria for this trade?
If you are serious about attracting other peoples money to use in the market then the question is a valid one.