I am thinking about going short in the YM late today 03.22.07

Discussion in 'Index Futures' started by ElectricSavant, Mar 22, 2007.

  1. rcj

    rcj

    Ok, i think im done for tonite....maybe, we will see.

    +29 +6 = +35

    i still need to post last friday's trades. There were over 40 of them. i finally ended up with net loss approx $51.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1565915>
     
    #941     Aug 13, 2007
  2. rcj

    rcj

    Nice move on the YM this evening. I just wish i had had several more of these in RTH today. I wuz dwn over 40 tics.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1566900>
     
    #942     Aug 13, 2007
  3. rcj

    rcj

    Really got beat up this last cycle .... -40.
     
    #943     Aug 14, 2007
  4. RCJ...I see you are a "massive" YM trader...how many YM trades do you make per day?...how many contracts at once?...is it (the YM) the only contract you trade?why do you like it?...thanks!!!
     
    #944     Aug 14, 2007
  5. rcj

    rcj

    Hey Increase ... ha ha ....im just a baby trader - still very new and also just a piker trader. im only trading one lots for now. last mo i was up $200 but im dwn over $400 so far in Aug. The most trades ive made in RTH was about 43 and that was Aug 10. learning to deal with VIX > 23 is a challenge for me.
    rj
     
    #945     Aug 14, 2007
  6. how do you use VIX to trade off of?
     
    #946     Aug 14, 2007
  7. rcj

    rcj

    Increase,

    i dont directly. But, at my ability level right now, i have gotten the best results, it seems, when VIX is between about 15 and 21.

    For the YM the inside can move at blazing speed. I work off of
    a price ladder/DOM and mouse to execute so with high volatility
    there is little time to adjust targets/stops. Ive had trades close in as little as 1 sec and several more in less than 5 sec. :eek:

    One change im going to make is use an initial stp of about 15 or more. That would give me a little time to move a stp closer to the market if im losing.
    rj
     
    #947     Aug 14, 2007
  8. rcj

    rcj

    This was nice. Two other very similar trades in the evening the past two nites.
    But ... im still getting my a$$ handed to me this mo over all.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1568421>
     
    #948     Aug 15, 2007
  9. rcj

    rcj

    No trding RTH last couple of days. ive really got beat up.
    If i try to do any trding Fri it will have to be after lunch.

    tonite .... -15 +30 = +15. im done

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1571383>
     
    #949     Aug 17, 2007
  10. rcj

    rcj

    WOW!!

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1571397>
     
    #950     Aug 17, 2007