Recent content by Churn2Learn

How do you like it? What other things can you do with it?

Does anyone know of any free trading filter software? Looking for something that can scan stale bids/offers (you can adjust what size to scan), imbalances, and etc. Thanks.

so are we going to see wider spreads?

It's now illegal to do naked shorts but does this effect prop firms? Can they still short?

I'm talking about equities, I also traded the S&P 500 Futures index for over 1 1/2 years.

What's the liquidity like trading the European markets?

Good trade if you're still in it. I would've got out at 275 around 10:50.

That is correct but going from 1 to 2 contracts is a big deal. That's double your losses when your wrong. People might not be mentally ready to handle that. That's a strategy I use but it can't be done on 1 contract. It's easier said then done to just trade 2 contracts when you...

That could be a good trade. There's an up channel and 76.50 is touching teh LTL. You have to be careful though because when it broke the LTL, usually you can have a very quick break out bar. It broke it and then came back in. I can see it going to around 72.50 before going back up again...

That's the most important part right there. You have to be confident to be a successful trader. Their can't be any doubts or then you start to contradict yourself. Confidence is key.

Just curious, where do you plan to be stopped out? (Hopefully it doesn't happen).

Oh I totally agree but you know what, I'm sure you're only trading 1 contract lots. Yea you can take those chances. When you're trading a lot more contracts, you need to watch the amount of trades you take. All you need is 3 trades a day tops and looking for 3 very high probability trades...

Yea you're right, I do try to clip a small percentage each day. My goal is 2 points on 40 contracts a day. That's miniscule compared to what the ES does. But guess what, 2 points a day on 40 contracts is 1M dollars a year.