Porgie do you believe the market is at all predictible? Should we attempt to determine what it may do tommorrow?
if is not predictable........but, if u r position trader u almost have to predict....that is why I believe risk is higher because of risk reward ratio ..........not knocking it just as I see it...pin can u go to chat?
Flat 10938. -4 on the 2nd 1/2 Market internals are positive and we could have a change in trend tomorrow. 10945 and 10960 being key areas of supply that need to be watched. I have no MR position tonight. I'm sure they will move it higher overnight, so far it's moved higher with a high degree of certainty for an average gain of 35 points.
I have a question, newbie one. If for example I have 6000$ account at IB, and want to daytrade YM and intraday initial margin is 1219. How many round turns I can make in a day? Can I make only about 5 (1219x5=6095) or I can have as much as I can like in spot forex market. I know there is some sort of buying power in stocks for a day but I don't know about futures. thanx on your answers!
congrats once again to all those who play the no risk overnight long futures system$$ there truely is NO RISK! all aboard!