The Rocking Russell 2000: A Better Day-Trading Market Than the S&Ps? Interesting article here: http://www.smartmoney.com/options/index.cfm?Story=sfo-2005septrussell
Stops should depend on what you are looking to make on the trade. i like trading NQ with a 6 pt stp. ER2 2 pts, sometimes more.
Stops should depend on what you are looking to make on the trade. i like trading NQ with a 6 pt stp. ER2 2 pts, sometimes more.
Stops should depend on what you are looking to make on the trade. i like trading NQ with a 6 pt stp. ER2 2 pts, sometimes more.
================ ER2 is a good one to start with, plus EurexUs has an identical emini contract; some stay with it due to as Pekalow said to its big trend moves. Others prefer some thing else due to the small percentage of trend days in a month
daytrading ym with 20 pt stop is not correct.........when u get to 5 max u r getting there........then the r/r is excellent........20 is bad stuff.........
Porgie, I agree in principle, but as others have mentioned, stops should be determined on your expectations and reasons for entering the trade. Additionally, I also believe market behavior must be considered. What I mean by that is the fact over the last 6 months or so, the average YM price range per 15m bar has increased. It is most notable over the last 2 months. So where tight stops may have been very appropriate, market behavior may warrant other strategy, again dependant on expectation and reasoning for taking a trade. Ive a attached a simple pivot table pic, ala MSAccess, showing the average YM 15m bar price range per month for the last 6 months. Your 5pt stop, which represented approx 35% "margin for error" (based on 15m bars) back in December, in May is less than 25%... same market, different behavior. long-term successful traders recognize and adjust. Osorico
oso, i agree with you.......almost completely........the bar size is changing just as es did down to runs looking like spurts nowadays and they used to be 15 to 20 pts average end to end....es used to be the creme de la creme......now it is grab and couple and u r lucky ..............my stops being tight have nothing to do with range or bar size.......best wishes and happy trading..........porgie