YM Magic!

Discussion in 'Journals' started by TheTrue1, Mar 7, 2017.

  1. vanzandt

    vanzandt

    I found it.... I just changed the account number (using the one above on his screen-grab) at the end of that old link.
    This is the new one
    https://collective2.com/details/111902000
     
    #711     Jun 12, 2017
  2. Pekelo

    Pekelo

    8 or so trades a day, way too many. The com. is killing the strategy...
     
    #712     Jun 12, 2017
  3. southall

    southall

    I said this on post number 18 on this. Now we are on post number 713!

    10 trades a day, averaging 5 YM lots = $200 dollars a day in commissions or $4000 a month. On a $10,000 dollar account that is a huge amount of commissions.

    Its like having a $100,000 dollar account and paying $40,000 a month in commissions. Any retail trader who did that would be called insane. But because its only a $10,000 account and 'only' $4,000 it is overlooked and deemed ok. But the numbers are in the same proportion.
     
    #713     Jun 13, 2017
  4. vanzandt

    vanzandt

    Up 17% after 2 weeks.
    Not bad.
     
    #714     Jun 15, 2017
  5. Millionaire

    Millionaire

    He is averaging 1.5 ticks net profit per trade at the moment.

    He lost it all in one day last time.. lets see if this time will be different.
     
    #715     Jun 15, 2017
  6. Millionaire

    Millionaire

    #716     Jun 17, 2017
  7. JITF

    JITF

    No surprises, almost 50% drawdown
     
    Last edited: Jun 17, 2017
    #717     Jun 17, 2017
  8. Pekelo

    Pekelo

    I forgot, why are we watching him?
     
    #718     Jun 17, 2017
  9. Millionaire

    Millionaire

    So around $5000 lost in one day (paper trading of course).

    I guess his strategy (chasing intraday moves) would get killed by the Option Ex algo chop.

    This is his Journal. He is still trying to prove to ET how good a trader he is.

    He has blown up 2 collective2 accounts we know of. There probably have been more blow ups in between those that he never publicised
     
    Last edited: Jun 17, 2017
    #719     Jun 17, 2017
  10. vanzandt

    vanzandt

    Who knows.... cheering for the underdog I guess.
    Sucks he blew it up again.
    Lesson to be learned here for all noob's.
    Read the entire thread.
     
    #720     Jun 18, 2017