YM Magic!

CLOSED, 20883@20843
TRADE 4. +1000

 

Good exit

 

$950 losses
$1000 profit

Net profit: $50

Total contracts traded: 20
Commission paid @$4 per contract: $80

Commission of $80 dollars a day = $20,000 dollars a year

 

Why you take this trade? Not make sense to me..

 

I normally stay away from Asia time, they normally won't trend for long and always weak.

 

Good trade!!
Very smart and not afraid to back off with small lose when the momentum is no longer there.

 

Short, 20861 Sl=pl=30

 

Jeez, take a break dude, it looks like a slow after market.
Come back fresh tomorrow and kill it.

 

Think this might be a wrong call too, upward bias me thinks.
Not ideal for doing anything on YM, just sideways small range chop.

 

It could go either way, 30 pts sl/pl is subject to much noise.
Not to say you cant make money with a 30 pts sl/pl in the long run, you just have to pick your entries very carefully otherwise the noise will get you, even if you are right about direction.
Entering in the after market after a choppy slow day just looks like a random entry to me.