are you trying to set a "cover on close" order? don't bother, just cover on this dip. there may be more down, then again, there may not be. at this point consider anything belowe 9555/9560 a gift.
finally, a red day! net loss for the experience is about 80 dow points. could have been much, much worse...
Covered all at 9540. I don't have a big loss overall, for all my YM trades, and I'll calculate it later on. It's a loss, but not big. Learning a lot! Thanks for the help. Appreciate it, DS.
Yes, I wanted to enter a BUY at CLOSE market order and there has to be a way to do that I felt there might be a sell off at the close and that I might not be able to catch it. You have to manually enter that order at the top there. I haven't been able to do that. Can you help with the formatting, just for future needs? I get told I don't have permission to trade the security and I'm sure that's a formatting problem.
How many YM points do you guys shoot for on a daily basis? Do you scalp for 5-10 pts a pop or hold longer? What kind of stops do you use? Thanks, -FastTrader
i use time-stops, not price-stops. i'd like to see if it is possible to average 40 points to the good on a regular basis. if the wheels are going to come off, it should happen over the next 6-8 weeks.
i've never tried to do that, i'll take a look. also, i won't be around in the morning, so don't do anything to-to crazy.
I'll just follow my current rules. What can happen? Overall, with the gains from prior day being offset by the overall losses from today, I'm down just under $300 for my entire futures investment, which considering the action on the short side, really isn't very bad. The market was very strongly up on both days and with three short positions, it could have been a bloodbath. Also, it looks like I'd have been wrong to do the Buy at Close order, because I got a better price by taking that dip. Thank you!