beautifully said volente....and done....u jumped early but apparently u know what u r doing....my system also said sell @ same range but not as early hence the 5 pt stop on this one woould work or trade is not good....thank you for comments..no offense intended...
volente, I thought I was thru but i would like to inject this....11 to 12 CST is a crappy time usually.....I don't like afternoon trading as well as I do morning....as u know, some will be losers regardless....12 noon seems to be a turn point also...I admire your courage...I like your maintaining your stops as my problem for a long time was jiggling the stop and missing good runs after stop out...very common...if you look at the general trend for today it has been pretty much all up.....my rear view mirror stuff...this is the only forum where I have not been verbally abused for my foolishness....thank you and very best of wishes
I have know idea why someone would want to try and pick intraday tops on a strong up day, Look for dips and go long. I just have these thoughts of being short then the exchange has trouble, oh man that would be tough. I smell a correction coming up, anyone want to short? A break of 10713 would do it.
I think we should rename this the YM Trades just short it thread. Its like you sit and watch the market rise 50,60,70,80,90 points then try and short it while 100 point just passed you by. Trade with the wind at your back. Sure if the market turns down in the last hour im sure I will hear all about it. I see a H&S top formation right now. Thats the time to close your long position you took early this morning. Good luck fellows
rickshaw, that rear view mirror trading is great...where is your position trade now that you exited when i suggested a 40 pt. stop. you would be up nicely right now.......you risked it all yet you wouldn't take a risk $200/per lot loss....position trading this stuff needs at least a 50 pt stop.....yes, most of trades today were buys...some of us have developed the sell syndrome or countertrend syndrome...it definitely can and must be overcome..watching the general trend works well..gambling is much harder to abandon..if u really had ur money in the position trade w/o stop u r a gambler.....bad news for intraday trader unless u stop doing that....NOW SAY" I THOUGHT U WERE OUT OF HERE?" ...happy trading.....
haha.. All I do is go long... Total trades: 13 Long trades: 11 Short trades: 2 a short is a rarity for me...
if a short is a rarity, u r missing half of the winning trades so what happens when today is down all day instead of up?