The treacherous path to $200k a year

Discussion in 'Chit Chat' started by coolweb, Jun 12, 2005.

  1. 14:12] <coolweb> Covered all NQ Short @ 10895 --> + 1
    [14:12] <coolweb> lol :D
    [14:12] <coolweb> love our skitzo market
     
    #511     Nov 30, 2005
  2. Skitzo?? Beige book came out and the market reacted.

     
    #512     Nov 30, 2005
  3. Superman can announce he is coming to save iraq, I wouldn't care.


    Looking to re-short when the time comes.
     
    #513     Nov 30, 2005
  4. If you are going to trade futures, you need to know when economic data is being released. Did you know Beige book was being released this afternoon?
     
    #514     Nov 30, 2005
  5. Steve, do you trade with an eye on the news? My experience have basically led me to block all noise and that includes news except maybe something huge like US going to War with China.

    I got my charts and tech analysis on my screen and that's all I care to know on a day to day basis.
     
    #515     Nov 30, 2005
  6. I work at a trading firm so we are all on the trading floor and get fed economic news by our news desk. Its a good thing to know about important economic #'s because you can really capitalize when the #'s are released.

     
    #516     Nov 30, 2005
  7. Missed a few signals, around 10890 and also 10870, but
    learned some new ideas about volume

    so All good.
    Put new idea into toolbox.

    One day, We will sweep 100 points.
    With no risk.
    With 50+ contracts.

    Keep on trucking....
    Live and learn.


    Looking to short tomorrow as well.
     
    #517     Nov 30, 2005
  8. cool, you play with 50+ contracts per side with a 1 point stop?
     
    #518     Nov 30, 2005
  9. 7 contracts for now

    50 contracts are for CLOSERS.

    I am like 1/4 Closer at the moment. So I don't even get coffee, probably poland spring water bottle at most.


    Need to keep on making big profitable trades to up contracts.

    The pressure is on.
     
    #519     Nov 30, 2005
  10. what's your stop with 7+ contracts? just curious. Don't worry, I won't ask about your strategy. I trade QM, EUR, JPY, ES, and YM but my stops are not too tight so I'm just curious.
     
    #520     Nov 30, 2005