Went long 10540 on extreme tick (-1000) Sold half 10550 +10 Stopped out second half break even These are quick scalps (hence the name quicktrader ) volente you trading today?
dear mr quicktrader if you want to become more successful as a trader I would suggest you try to limit these "to be in the game" trades "just 1 contract - to be in the game"
Mr SethArb I am a very successful trader, been doing this full time for 11 years. From time to time I keep small positions so that I can get a better feel on market direction. Long 10520; stop 10500
my apologies then ... if you put on a position to get a "feel of the market" and prefer to do this rather than just watch ... by the way ... I would have stayed short in YM from your 10640 level but ONLY if I had a guarantee of covering at even or at a small loss after the FED announcement ... alas there are no guarantees in life PS nice scalp long ....
I agree I should have stayed short from 10640. I blew that one. Stopped out on rest of long at break even. Flat and done for the day.
SethArb, That message should have been for me That feeling that I need to be in the market at all times is with me. Its hard to get rid of. I need to treat my trading as a business instead of a casino
http://img119.imageshack.us/img119/8139/snapshot298ts.png I got home at 3 exactly. Went long, but had to leave soon because of an accident with my sisters dog. Mentor suggesting being short so I reversed and my stop was hit right before I left. I should have remained long anyways so my fault. Left at around 3:15, so just decided to let it be. The green lines are the trades I would have probably taken looking at it now, can't say for sure for live trading though since I wasn't here, but the potential for a nice profit during the last hour was there today, so it was promising. I wouldn't mind seeing more final hours like this.