No
YM Traders
- Thread starter volente_00
- Start date
No
http://www.elitetrader.com/vb/showthread.php?s=&postid=913073#post913073
update on my trade:
still holding my long psition from 10913 and still very bullish. This will be the longest hold for the dozen or so trades I have posted here. All the others were closed out in less than 24 hours except one which was held 48 hours.
still holding long position. System shows a higher value between now and the second week in January 2006. Position will probably be closed out over 11000. I advise all dips like this to be used to accumulate long positions for a coming upmove.
Because of my significant profits to this point I am willing to let the position meander and am willing to hold thru this drawdown. At the time of this post my drawdown is about 65 points.
blackguard
update on my trade:
still holding my long psition from 10913 and still very bullish. This will be the longest hold for the dozen or so trades I have posted here. All the others were closed out in less than 24 hours except one which was held 48 hours.
still holding long position. System shows a higher value between now and the second week in January 2006. Position will probably be closed out over 11000. I advise all dips like this to be used to accumulate long positions for a coming upmove.
Because of my significant profits to this point I am willing to let the position meander and am willing to hold thru this drawdown. At the time of this post my drawdown is about 65 points.
blackguard
Hope it works for you blackguard. Was looking a bit precarious but perhaps the YM has formed a bottom for now. It will probably tank again now I have said that
Seems you are breaking your own rules. Was that the plan when you entered the trade?
Your trading H6 right? Or was the plan to roll? And have you taken your advise and added (accumulate on the dip) to your position? Was that the plan?
So why the hell would you give up a measurable portion on a single trade? More important, at what point do you admit being wrong? What's the plan? The market is ALWAYS right.
IMHO, successful trades are the ones in which a plan is followed. None of your posts provide a plan and this update is tinged with hope, pride, and arrogance.
You may ignore me now.
Good luck
Osorico
Nobody is posting P&L anymore.
I am missing the progress (or destruction) everyone was making.
I am missing the progress (or destruction) everyone was making.
Osorico, while I wouldn't call it steeped in arrogance, I would agree with you that his trade and not following his stops is a sign of fear of being wrong.
I'm certainly at fault with that, too. It's really hard to be 100% true to the stop. At any rate, a great trader would adhere to a stop regardless of what he thinks tomorrow may be.
I'm certainly at fault with that, too. It's really hard to be 100% true to the stop. At any rate, a great trader would adhere to a stop regardless of what he thinks tomorrow may be.
As much as I respect your trading ability, I think you're letting your position bias your thinking. A break below 10824 and this thing will hit 10750 before seeing 11K (if at all). I already see the bullshit a/h grind up beginning, and looking forward to shorting between 10875 and 10900 tomorrow, may even get 10920 if there is early morning rally and shorts begin to cover.
Just to add to that, I don't believe it is smart to try and say the market is going to go anywhere.
Blackguard. I think you are starting to act cocky for some reason.
Trying to make a good guess at where the market will go is okay, but to claim that the market will go someplace isn't wise, and although you didn't specifically state that it will go above 11000, I got the feeling that you are sure of yourself on this to hold onto a loser. I don't think it inspires anyone to have confidence in you. You just lost some of my confidence in you with your cockiness lately.
Just letting you know from my perspective, that is all.