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Action: Reduced ZF/ZN Current positions: long ZF/ZN (7/8 size) short ES/NQ (1/2 size)

11/10/03 N = 24 X = $1075 Sum(P) = $159 Stock market to the middle class is lottery to the underclass.

Action: sold YG Current positions: long ZF/ZN (full size) short ES/NQ (1/2 size) Plan: daytrade 1 ES when appropriate.

11/7/03 N = 24 X = $1075 Sum(P) = $115 Stock market to the middle class is lottery to the underclass.

Action: daytraded 1 ES +2 point added ZF/ZN bought YG Current positions: long ZF/ZN (full size) long YG (1/8 size) short ES/NQ (1/2 size) Plan: daytrade 1 ES when appropriate.

11/6/03 N = 24 X = $1075 Sum(P) = $115 Stock market to the middle class is lottery to the underclass.

11/5/03 N = 24 X = $1075 Sum(P) = $55 Stock market to the middle class is lottery to the underclass.

Action: daytraded 1 ES +5.5 point Current positions: long ZF/ZN (3/4 size) short ES/NQ (1/2 size) Plan: daytrade 1 ES when appropriate.

11/4/03 N = 24 X = $1075 Sum(P) = $54 Stock market to the middle class is lottery to the underclass.

Great post. Just wondering how many years it took you to become a consistent money maker.

I found the bond futures (ZF/ZN) easier to trade than ES and NQ.

Then, save what I said about underfunding, everthing else should still be valid.

Didn't you say you only have a few grand in your account or did I misunderstand?

I just realized that you're way underfunded to trade ES. Watching or not watching, it doesn't matter. You'll be wiped out and you don't have to waste your few grand to learn that lesson. Move to something smaller.

If that's the case, you shouldn't be trading ES. You'll get killed no matter what. Trade QQQ or FOREX.

You seem to perceive that you have to watch every tick on the screen in order to trade successfully. That is very damaging to both your health and your account balance. When I do have the occasional opportunity to trade at home, I'll watch some TV, have a nap, and go for a walk. In other words...

If you are not to become a scalper, I don't understand why you have to close your positions before you go to work. I have a full time job too so I can't watch the market 24/5 either. So what, use limit orders. And if you like stops (which I don't), use OCA limit and stop orders. In any event...

IB. 100 shares each.

Fortunately, commision is $1 and included in the calculation. Answered this many times before. Another lazy guy caught red-handed. :D

I am quoting "stock market to the middle class is lottery to the underclass" from either Liar's Poker or FIASCO. I am not smart enough to come up with something like that. You don't sell your lottery ticket when the first number is drawn and it happens to appear on your ticket; you wait until...