Short YM - I'm looking to short in the next 2-3 days. Not today (monday) ,definately not today. Long YM - I'm looking to go long as well today. But only if the market acts my way. It can go up big, but if it doesn't act my way, it means nothing to me. The funny thing is, I'm very flexible, Thats the key, If It doesn't go one way, I'll go the other way. This is a key in big $$$. I will explain in further about this. No this is not advice, this is just my thoughts. I'll also trade LONG as well now in futures, I didn't trade it before because I never figured out a good secure entry method. It still might need tweaking. But its been backtested. I found it last week on wednesday/thursday. Oddly, I found it while trading 500 lotting stocks. Oddly I find all my methods trading stocks. I thinkk I'll just trade stocks on the side for kicks and knowledge and run my proven methods on YM / ES. I think with stocks it makes me focus on multiple things, not just one index, I focus on stocks, head stocks and the index, sometimes oil. Like 5 things, will show me a lot of patterns I need to know about, And things tick. No this is not advice, this is just my thoughts.
So I guess you are wimping out then after YOU had posted a challenge. Typical all talk no show Coolweb.
Its a bet not a challenge. Theres no words "challenge" in my wager post. stop making shit up in your head.
If you dont have the balls to step up, then please stop running your mouth. I am more than willing to wager with you.
I'm short YM 10708 AVG 3 contracts This is not a great trade, but I'm testing out my scaling abilities. I'll tell you when its a sure thing trade. I'l have stops on 10706 10708 if I don't post, you'll know its automated.
didn't get sotpped out yet spike next touch on 706 will be stopped out <b> update 11:17 - 10706 stopped out +2 ym </b> just a scaling test , Was a lot of fun, this is not my usual trades, but I was stacking contracts once it was on my way. Now I am stacking in 1's in 2 weeks I'll be stacking in 10s With YM the liquidity is around 20-30 per point.(this is what I use the bid/ask for btw) I think I can stack about 10 per point.
I don't think I'll be trading for the rest of the day ITs not even a short day setup for me, I'll go work on other things
Why should I put him on ignore? He offered a challenge, he said 2:1 odds because he is the sickest trader around and I called him out and said ok, lets have a little wager. Its not that I think Coolweb doesnt have good ideas and he COULD be a sick trader someday, but he is a little too high on himself right now.