YM Traders
- Thread starter volente_00
- Start date
a great way to practice trading methodology on the YM is to trade DIA while you are learning.
DIA, at $1 per point is like a mini-mini-dow.
personally, i traded DIA for 6 months before i made a YM trade. it's a great way to develop a trading system. with paper trading, you eliminate "ownership" emotion, and thus it's somewhat unrealistic. It's also unrealistic as to fills and slippage. I have found that YM actually gives slight better fills than DIA, so if u can develop a system that works on DIA, it will work on YM.
the other major point, imo is not to get overleveraged. if you have a 50k account, and you are trading 25 cars (contracts), you are completely nuts. No matter how sound your trading methodology, very few people can be disciplined when that highly leveraged.
i don't think there is any other trading vehicle that offers the return on capital potential, on an intraday basis, than the YM does.
i, frankly, love it.
DIA, at $1 per point is like a mini-mini-dow.
personally, i traded DIA for 6 months before i made a YM trade. it's a great way to develop a trading system. with paper trading, you eliminate "ownership" emotion, and thus it's somewhat unrealistic. It's also unrealistic as to fills and slippage. I have found that YM actually gives slight better fills than DIA, so if u can develop a system that works on DIA, it will work on YM.
the other major point, imo is not to get overleveraged. if you have a 50k account, and you are trading 25 cars (contracts), you are completely nuts. No matter how sound your trading methodology, very few people can be disciplined when that highly leveraged.
i don't think there is any other trading vehicle that offers the return on capital potential, on an intraday basis, than the YM does.
i, frankly, love it.
I have to say the Ym is much better then the Sp and defitinily better then the NQ
I have started trading future and YM look much better and easier to trade
If a person can make money consistently nothing like that
By the way Ym trader how many point do you keep as a stop loss
i keep 12 points
I have started trading future and YM look much better and easier to trade
If a person can make money consistently nothing like that
By the way Ym trader how many point do you keep as a stop loss
i keep 12 points
5 points or less
How do you think the new "Big Dow" will do when it is rolled out on the 20th of March?
http://cbot.com/cbot/pub/page/0,3181,811,00.html
http://cbot.com/cbot/pub/page/0,3181,811,00.html
I hope it moves just like the YM.... but, I will not be touching it unless I prove myself on YM, which I have not yet.
But if it moves close to the YM, it will probably draw an insane amount of traders and break quite a few of them.
But if it moves close to the YM, it will probably draw an insane amount of traders and break quite a few of them.
This market is boring me to tears today.
Hehe, I actually woke up and then went to take a nap at 11:15 and woke up at 1, just a little while ago.
Appears the rest of the market is still taking a nap, maybe they will wake up like me soon.
Just a sleepy day and cold here on the east coast
Because of arbing and pairing YM vs DM, they will have to move in synch. Additionally, I would presume that there would be a small offset between the two to account for the whole arbing frontier. The issue as with most assets will be liquidity. Granted the YM is liquid, it is not entirely certain that the larger DM will be liquid. A lack of liquidity will result in wider spreads and wider spreads hinders liquidity (ie. participants). However, we shall see. I'm definitely looking forward to throwing my hat into it and pair trading the ES/DM pair...
Regards,
MAK
Dammit, I lost another $150. Can someone help me with a good, profitable trading system? I will give you 10% of my profit.
Wannabe
Wannabe