YM Traders

volente_00 · Dec 22, 2005

Quote from mhashe:

Closed all long positions.

Short @ 10934. Stop 10955. Tgt 10910

U holding overnight ?

satchel · Dec 22, 2005

der is some overnight short in this i say

mhashe · Dec 22, 2005

Quote from volente_00:

U holding overnight ?

No. Plan to close out the position and go long overnite a/h.

We're still inside of a trading range. I try to hold overnight only when there is a trend change behavior.

Edit: overnite MR position depends on my a/h analysis.

Ripley · Dec 22, 2005

Quote from sevenfirs:

______________________________________

What's a T day theory?

T day theory is based on the premise that most mutual fund managers take Monday and Friday off, and most of their buying kicks in on Tuesday and Thursday, thus driving the markets up.

sevenfirs · Dec 22, 2005

Ripley

T day theory is based on the premise that most mutual fund managers take Monday and Friday off, and most of their buying kicks in on Tuesday and Thursday, thus driving the markets up.

________________________________________________

Thanks for your response.

porgie · Dec 22, 2005

do intraday traders need to know that? and if so, why please......

pinabetal · Dec 22, 2005

Quote from porgie:

do intraday traders need to know that? and if so, why please......

Merry Christmas Porgie!

Ripley · Dec 22, 2005

Quote from porgie:

do intraday traders need to know that? and if so, why please......

Will help an intraday trader from holding onto a short at 10:30am on a T-day after that initial weakness.

mhashe · Dec 22, 2005

Quote from mhashe:

No. Plan to close out the position and go long overnite a/h.

We're still inside of a trading range. I try to hold overnight only when there is a trend change behavior.

Edit: overnite MR position depends on my a/h analysis.

Closed out 1/2 position at 10939. -5

Probabilities of a pullback are in my favor. Will hold the other 1/2. Hard Stop moved to 10945.

porgie · Dec 22, 2005

Ripley,

Why should an intraday trader hold on to a short {sell} when the market turned up at 10:30 or any other time............what does time have to do with it? or a buy when down..??? How would the T day help someone who doesn't go where the price does........ .....just searching for answers......thanks a lot...........Pin.....Merry Christ mas to you my friend.......overnight trading is position trading....the 2 don't compare.........one is high risk, other is low.......one u sleep well, the other nightmares..........so i have heard........i trade pork bellies so i don't really know............ ...happy trading....