YM Traders

Quote from Ripley:

That resistance is going to be taken out. Short it only with a tight stop.

I think I'm going to take profit at 810. I'll hold the sell paper trade until 815, if it breaks that, likely to break 825.

EDIT: Still dropping, still short on that papertrade. Maybe retest 800?

EDIT2: Out at 812

EDIT3: I'm already regretting not actually taking all these trades. I told myself I'd be fearless today. I just decided to sit on the sidelines. They are not lying when they say trading tests you. I just need to get out here and do it.

Volente, this was what I was talking about. If I can just trade the way I normally trade, I will do fine. 6 trades all my way. Comparing to yesterday, 5 trades, all wrong. I just have to find a way to get through this and just pull the trigger.

Ripley, hopefully you are doing well, I was using that volume histogram thing you were talking about. It really does give good support and resistance.

Hopefully you come on AIM later on to talk about it.
 
Quote from volente_00:

http://www.elitetrader.com/vb/attachment.php?s=&postid=971674

This pnl shows all 3 point stops and 1 2 point stop.

Well should be 5 points. Again, it's because I don't have the ability to set mechanical stops. CQG Trader, I have to quickly put in an order and quickly set a stop. I can't explain why all my stops were 3 points and the other 2. Regardless it doesn't matter, CQG I hate it, I want mechanical stops.

I want 5 point stop initially, and then a stop move to breakeven once 5 points in my way is done. I need to get a new platform.
 
Quote from JMowery1987:

Well should be 5 points. Again, it's because I don't have the ability to set mechanical stops. CQG Trader, I have to quickly put in an order and quickly set a stop. I can't explain why all my stops were 3 points and the other 2. Regardless it doesn't matter, CQG I hate it, I want mechanical stops.

I want 5 point stop initially, and then a stop move to breakeven once 5 points in my way is done. I need to get a new platform.



That pnl shows -70 or -14 points for the day. Were you -14 ? or - 25 ?
 
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