Why he is butting into this thread is beyond me. No it isn't, no one wants to hand him $1995 anymore..lol
Anek, great thread here. I just wanted to inform those of you who switched from ym to nq because of ecbot problems that the ym move from ecbot to globex is scheduled for january 13. Anek, one thing that really interests me: you seem to be trading a huge amount of contracts, how would you hedge your position for example if globex were to go down? Would you hedge any open nq positions through the pit contract? The problem for small one or two lot traders is that the pit contract is to big (5:1 for nasdaq). That´s one reason why i like the ym, you can easily hedge 2 ym with one indu (the pit traded dow contract).
"<i>Oh please AustinP..enough of the fake account postings... you take shorts in one simulation account and longs in the other...whichever "looks" the best gets posted by you" * "Why he is butting into this thread is beyond me..."</i> ** Bruce, check the dome. It has a real account # with real cash traded. I make sure to post that way for guys just like you. I'm sure you've seen blotters posted from other people with just digits, no way to tell if it's demo or not. In mine you can. Version, I took some time to make a valid point. What anek is doing here is nice work, and he is to be commended. Bruce chimed in with his usual drivel about vendors, vending, etc that was equally extraneous to the subject of this thread. True or true? I retire from "vending" on 12/01 after six years of helping lots of people improve their skills. I'll be dropping in here long after that... so you two can kiss my a$$ and call that a romance from Saturday forward. *** Anek gives useful info for traders, and it is great to see. Version and PB? Nada. Why you two are butting in is an equally valid question. There are a number of posts archived in this thread where someone will say, "I took seven trades today, six pars and a loss. Can you go over my charts with me?" Of course I'm paraphrasing, but the posts are there for posterity. Those people are in various stages of their learning curve. Some will find what they need here, some will seek additional info elsewhere. Whether it is free or from sources like PureTick, Felton, etc. Don't be so quick to disparage education that comes with a price beyond recognition and praise. It could very well be your ticket out of the day-job and into full time trading. As always anek, nice job. I mean that sincerely
A. Did or would you have taken a long trade in the highlighted areas? Or would you stay out untill the stronger trendline was broken?
B, The first one I ignored, was trying to see how it would play out, as soon as I saw buying on the tape I took it long to the high 30s so basically waited for tape confirmation since the previous trend had been pretty furious. The second one, was a small confirmed W plus support of the Anchor chart, I ate a 3 point loss but then quickly reversed to follow the strong trend. Losses are inevitable, we must learn to handle them responsibly to survive. It's impossible to escape them, no matter how much experience or tape reading you do. Anek