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Old 02-28-2008, 05:36 PM
swansjr swansjr is offline
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Re: YM Daytrade Setup

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Thanks guys, my first day paper trading think i kind lost it. Made about 34 trades (enter/exit executions) in the first 50 mins. Held onto each open position for less than 60 sec at most. ... Still trying to figure this out, what i want is to place maybe 5-10 high probability trades a day and let it ride, instead of this 30 trades/hour crazy

Sound much better. In my humble opinion you only need to make a few trades a day to make money. I would explore setups on a larger timeframe and/or be much more selective in which trades you take.

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