Recent content by TruthSeeker247

Down to just over $35,000 now. Today really sucked for bonds.....i guess I should have known that a a fed pause was already priced in hence the lack of upward movement in bonds today. I can't complain....I've done nothing but buy 30 years ove rhte last 5 or so weeks and I've made a hell of a...

ZI margins are too high for me to do anything too stupid anyways. I only bought it because I saw it breaking out. I generally do not buy or sell anything other than 30 year bonds (sometimes 2 year notes too). That's about it. I should have made so much money today. I basically sat out...

Trading is a one-man show. The only guidance I need is from God. That said, I've made a good come back. I know that I have a long way to go before I am truly succesful. Believe it or not, I thank God for my losses; i feel I've learned so much from them.

I've tried trading the FITE and NOB. I've even messed around with butterfly spreads (buy 5 year sell 10 year, buy 30 year) I always found myself risking a half to make a half. Basically a losers game. Upside potential is not that great in spreads. Spreading is basically a hedging...

I agree with most of what you say. I don't know if markets are efficient. I tend toward believing that they are not.

Made a killing today. I'm so happy. bought 3 @ 107.30, 3 @ 107.31, and 1 @ 108 evens. I haven't gotten out yet. I'm looking to get out at 108.10 but if this thing goes against me more than 3 ticks, I'll be out.... Anyways, back to your point: i don't believe illiquid markets are...

Over the last three weeks, my maximum loss per trade has been $156.25. Obviously, I haven't always been able to assure that but 99% of the time I have. I don't place limits on the maximum profit I will take per trade. I basically let the trade go and go and go and get out on movements that...

You made money on the demo so now you feel confident that you can make money for real? Open a very small real account ($2000) and see how it works out. You'll find that the decisions you made with the demo are probably not decsions you'd make with real money on the line.... As far as...

Actually, it's $31.25 per tick in bonds. Bonds don't move as much as their relatives the two and five year notes. Let me say this: I've been cutting losses like you wouldn't believe.....I've been right alot and when I've been wrong there has been basically a zero tolerance attitude where I...

I don't believe luck has anything to do with it. I believe in something called FATE. No matter what happens in the meantime, the end result will be the same. I truly beleve that I was meant to be a successful trader. no matter how stormy the experience gets along the way, the end result will...

I thought NAPM would would send this market down. Down a little over $300 today but up $5000 over past two weeks so I'm happy. Bonds are trading just below daily resistance now. I think bonds will still rally all week in anticipation of a fed standstill next tuesday. HOwever, the fed is...

Statistics also should tell you that successful traders can not exist in an efficient market......so maybe you should quit trading altogether since you seem so faithful in science?... I'll keep you posted. I'm prepared for whatever comes my way. I feel safe right now having made back most...

I've traded stocks. That's about it. I'm finding that money management is more important than being right on market direction. I'm cutting my losses really short (in general....yesterday being the exception of course...) and letting my winners run far....I'm probably only right 40% of the...

Before you start trading, I suggest you check out my own personal experience which can be found here: http://www.elitetrader.com/vb/showthread.php?threadid=68647 Maybe you'll get some tips on what NOT to do..

I guess we need to re-evaluate on a tick by tick basis? The resistance I spoke of earlier at 107 13/32 has been broken!!! I still think its coming down though. Now it's just below another resistance point 107 26/32 We'll see what happens...