Man you guys are good, I saw a lot of great trading over the last 3 days. I'm new at this but maybe over the next few years I can learn a thing or two. for now I'll keep my day job, vacation over. Peace.
You're right about years. I've been looking at this stuff for about as long as it took to complete my college degree. Even when you get "good" at trading (i.e. consistent) I'd wager it'd take a few more years to get so you can quit your day job. I'm becoming more consistent, but still in my day job and plan on staying there for a while.
test realtime never test real money try every tool available understand that the thousands of hours/years thing is correct there are no free lunches sweat equity will pay off if you have the determination and passion for this business...no passion, forget it...
naptime, I'm old.....need rest for my Grandson's game tonight...he plays strong safety...if he had the passion for playing as I do for trading..OUCH...... .I hope you folks make it trading but please don't gamble with your money unless it is irrelevant if you lose it.....this business is designed to take what you have....
how many ym traders got sucked in short on that nonstop 2 hr run into the close? how come when we fall we never go straight down like that
Traders . How many pts do you most of you guys use for stops? Is 5 to tight for YM? Anyway tips would be helpful. I try to keep a hold on my risk factor but at times I seem to get bumped out too soon.
Options expiration rally. Gap up. Fade the gap. Rally starting at lunch into the close. The only real profit taking was at the 2 pm turn after the volume spike up and at 3:30p.m. Either sell points would have been good for taking money off the table but I don't short strong closes like this as they often close at high of day. Nice if you catch it. Good Luck.
It sucked me in completely... I lost a bundle trying to stay my ground. Met my profit target around noon, and nothing was happening and I shouldn't even be trading. Then I felt, FOMC meeting is next Tuesday, and there is that uncertaintly of a rate increase due to increasing inflation etc, that I thought it was going to sell off into the close. And how it has been doing for almost last 4-5 days. When you are sure of something, that is when it hurts the most becuase you cling on to your position like a n00b and gets your ass handed to you.