YM Traders

Discussion in 'Index Futures' started by volente_00, Aug 23, 2005.

  1. volente_00

    volente_00

    #3751     Jan 6, 2006
  2. North?
     
    #3752     Jan 6, 2006
  3. porgie on holiday today?
     
    #3753     Jan 6, 2006
  4. hello everyone ... I am curious if any of you
    real time YM traders has ever tried trading
    other futures products ( and I do not mean ES or NQ ) rather other things like gold or crude or
    even forex or bonds ?

    :)
     
    #3754     Jan 6, 2006
  5. I trade emini gold
     
    #3755     Jan 6, 2006
  6. OK... and what about one-off (19 or 21) what-if? And for those that are not "exact tick" stop outs, whats the continuation?
     
    #3756     Jan 6, 2006
  7. gold move too slow no?
     
    #3757     Jan 6, 2006
  8. I trade softs (sugar, cocoa & cotton) from time-to-time off of dailys.

    I've also done the 4x thing but I don't like it. Much prefer the currency futures. 4x is like the wildwest, without a sheriff, imo.

    osorico
     
    #3758     Jan 6, 2006
  9. Hello traders.

    If your stops are getting hit ("to the tick") it generally means a couple of things as follows:

    1. You are placing your stops in obvious places and the big players (and noise) are taking you out.

    2. You arent calculating your stops correctly (you havent adjusted for daily variation in volatility)

    3. You are trying to "get by" with stops that are too small for your system. Check your risk/reward. Compare against the profit you make on a per trade basis. If you aren't hitting at least 3:1 with a ratio of 70+% you are a net loser, because you cant oversome expenses.

    Thats about it. Get it right and try again.
    Of course the time to get it right would have been during your research phase. But hey thats just one mans opinion. I realize that is it more important for some of you to be chatting here with friends. :D

    Steve
     
    #3759     Jan 6, 2006
  10. Steve,

    we are not friends since we don't know each other but have u been reading my mail? or chatting with me...........above comments hit my nail right on the head....those have been seen and proven over and over for many years and getting more and more invincible........... there are certain facts in this business that cannot be re-invented..........accept the facts or lose.........
     
    #3760     Jan 6, 2006