Yahoo!! What a ride, good thing I don't trade what I think, eh! Hope you guys got some ching-chang out of all tha action. Later, Jimmy
Hey Sandy, I was using my same S/R method yesterday and it was working like a charm. But the BB method works great as well. The YM has less whipsaw action and is much cleaner to me. It reminds me of trading IBM options. And since IBM is a bag component of Dow it seems to make sense to me.
Haven't actually worked it out the you did. I thank you for that. Doesn't look too shabby does it. People just don't understand the power a 2 point gain can have on your account. Especially when you don't withdraw from the account. Thanks, 4re
don't forget about the russell...the russell and ym are highly correlated and they move together....but...1 russell contract is equal to 2 ym contracts in terms of tick value, which means half the commissions...... in addition, the russell is just as liquid as the ym....
Welcome Chris, Please do the right thing and remain on the sidelines until you have really studied the markets. Very few people can actually make money doing this. You can always sign up for e-signal and simulate your trading to get your feet wet but that can also give you a false sense of security as well. Read some of the books I have mentioned in especially the ones by Mark Douglas and Dr Alexandr Elder. That should give you an intro to the trading game. Good Luck and welcome, 4re
You were smart. Never trade if you are nervous about it. Maybe that was my problem, I wasn't nervous about it today. Good luck tomorrow. 4re
Thanks Porgie, But I thought you did scalp trading like I do. Or do you jump in and out riding the trend? Just asking... 4re