Recent content by ptt

Thank you for the indepth response, it is very helpful.

I am enjoying your thread, very nice mix of psychology and method. How do you trade momentum breakouts, what TF etc.?

price, only trade 9:30 to 11

Why increase size before you are consistantly profitable?

Will your trading be automated or involve some element of discretion? If there is any discretion, you will need to deal with psychological issues.

Only you can define what 'low risk' is. Markets evolve, and what is working now will most likely stop working at some point. Therefore, IMHO making money at trading is about a process and not about setups and entries. Nitro basically recommends starting with the SPY with 100 share trades...

I found this on another site: YM-200312-ECBOT

Anyone know the new symbol for the mini-dow futures (YM03Z)contract for use with Interactive Brokers data with sierra charts?

comparing your entries to random entries is a good way, acrary has posted about this before

contact gordon gekko on this site, he can teach you everything you need to know

being ruthless is a social skill, an introvert can't do it

Keys to success in anything beliefs, confidence, knowledge, patience, perseverence, humility, objectivity, integrity, complete honesty with yourself, focus, social skills, discipline Keys to success in trading all of the above (except maybe social skills), a profitable method that you...

I believe it is a chicken/egg argument. I needed to have the psychology part down before I could even recognize what an edge is. Also I suspect that all edges are temporary so you need to have the proper psyche to recognize when an edge is not working anymore. I think the key psyche is...

I use IB (free data) with sierra charts (~80 per year), you could also use quotetracker (free) for charts. However, I do not need anything fancy for my charts. I also use amibroker(139) for backtesting which I feed with data from quote.com (10 per month). Again, I do not do anything fancy...