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YM Traders
- Thread starter volente_00
- Start date
Quote from porgie:
Why should an intraday trader hold on to a short {sell} when the market turned up at 10:30 or any other time
After an intial sign of weakness, most neophyte traders would be suckered into shorting a pull back. But, if you know that there is a 75% chance that the market is going to turn around on a day, then they can keep that in mind when they do take a position.
It helps discretionary traders to get a better feel for the markets, which you shouldn't worry about since you are a mechanical trader.
Thanks. You shorting YM porgie? I am short S&P and NQ. If they do good I will cover later tonight and then go long for MR. If they do bad I will get out. Plan to short YM when it opens back up then cover and long for MRQuote from porgie:
Pin.....Merry Christ mas to you my friend.......
mechanical trader should trade what he has seen a few thousand times.....and has confidence in........but that should eventually lead him to read a chart naked as a jaybird........not the trader naked but the chart.......LOL........seriously, Rip, when the real turn can be recognized we can usually capture positive points...buying or selling...... ......mechanical or not.......without being late.........2 things I look for ........early entry and high accuracy.......... master that without all the hoopla and we have success most of the time........buy low sell high early........that simple...........watch the big picture and we can see the real picture.......I have developed about 6 systems all of which are extremely accurate.....I am not a goo d trader a s mind is screwed up can't u tell........brother trades for me.....he has a 100% system in his hands and hates to sell.....i consider breakeven a win.....only bad thing is losing.........stock trading for years has created emotional issue with selling for brother.......I have extreme hypertension and stroke related stuff that keeps me from doing my thing yet...coming soon....real money real time.......
Is your brother on this forum?Quote from porgie:
mechanical trader should trade what he has seen a few thousand times.....and has confidence in........but that should eventually lead him to read a chart naked as a jaybird........not the trader naked but the chart.......LOL........seriously, Rip, when the real turn can be recognized we can usually capture positive points...buying or selling...... ......mechanical or not.......without being late.........2 things I look for ........early entry and high accuracy.......... master that without all the hoopla and we have success most of the time........buy low sell high early........that simple...........watch the big picture and we can see the real picture.......I have developed about 6 systems all of which are extremely accurate.....I am not a goo d trader a s mind is screwed up can't u tell........brother trades for me.....he has a 100% system in his hands and hates to sell.....i consider breakeven a win.....only bad thing is losing.........stock trading for years has created emotional issue with selling for brother.......I have extreme hypertension and stroke related stuff that keeps me from doing my thing yet...coming soon....real money real time.......
"mechanical trader should trade what he has seen a few thousand times.....and has confidence in."
That is exactly why I trade T day theory and 10:30 reversals.
That is exactly why I trade T day theory and 10:30 reversals.
KISS
mwf short bias
T days long bias
Fade the move on the days
What is the win ratio ?
http://finance.yahoo.com/q/bc?s=^DJI&t=5d
mwf short bias
T days long bias
Fade the move on the days
What is the win ratio ?
http://finance.yahoo.com/q/bc?s=^DJI&t=5d
Have a wonderful Christmas all and especially my friend and neighbor Volente........Hope our little friend is having fun on his cruise....I worry about him being too aggressive with his money..........not my business.....but i like him.......i have seen more 10 turns than 10:30 but it doesn't matter....times mean nothing to me....except i usually don't get excited before 9.....not worth it intraday........just trade what I see on the screen in front of me........my brother is not on forum....he would fit here he is a gambler big time....i never gamble trade..........never bought a lotto ticket.......
I thought you didn't trade because of stroke symptoms?? where do you live at??Quote from porgie:
Have a wonderful Christmas all and especially my friend and neighbor Volente........Hope our little friend is having fun on his cruise....I worry about him being too aggressive with his money..........not my business.....but i like him.......i have seen more 10 turns than 10:30 but it doesn't matter....times mean nothing to me....except i usually don't get excited before 9.....not worth it intraday........just trade what I see on the screen in front of me........my brother is not on forum....he would fit here he is a gambler big time....i never gamble trade..........never bought a lotto ticket.......