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Hi bmills. Where did the 50 points come from as your target goal? I used to think of 100 points per contract as the "mythical" daily goal. I now find it is better to just trade as you see your setups. Like someone mentioned there will be 0 days and (-) days. So ride your winning days. I also...

Agree, I don't think good mentors exist or at least are very, very rare. I guess the expression there is no such thing as a free lunch comes to mind. I point any person that has questions to this website. I think it is really helpful for any new trader www.youtube.com/user/InformedTrades...

congrats. keep on making that money

aren't we all!! I couldn't help it

There is no pattern day trade rules.......but that doesn't mean that you should be thinking you can turn 5k into 50k in a month. It is better to be capitalized and trade conservatively.

Everything that Kovacs said is spot on. Don't get burned by some salesman saying they can guarantee you anything. I learned first hand those goes don't trade, they sell. Nothing will save you but the time that you put in practicing. Once you really trade, trade 1, 2 contracts max initially...

Amen Tradezones. It is the CEO class that supports this "free trade - open borders" stuff and they also caused the economic meltdown Unfortunately, the payoff congress so the status quo will never change. Hey can we argue about abortion, gay marriage, and guns while they clean out the store? I...

Getin, get away from this mindset that there is a magical best platform. There is not. You are probably not going to be using complex macros to automate your orders. I (gasp!) use market orders most of the time. It is your methodology and money management that will save you. The great thing is...

I would think that trading SPY will cost you more in commisions. Also, the tax situation of stocks vs. futures. I admit I am bias towards futures trading. I heard ETFs were not as liquid as futures but that is hear say.

Getin, Global Futures is a fine company. I like the strategy runner pro/lite platform which is free I believe. For trading the ES you would do fine with Strategy Runner. Get the free Strategy runner paper trade platform from them and test it out. Since you are new to the game, I will let you in...

I actually loved the show. Timothy Sykes seems to have irked people, but I thought he made the 1st season by himself. The 2nd season was a bit of a let down but still enjoyable. The midget Private Equity douchebag from season 2 was the only guy that rubbed me the wrong way the whole series. For...

brownsfan019, do you know why the margins have gotten so bad on openecry? They used to give a person a lot of rope to hang themselves (joke)? Now everything requires huge capital upfront even for intraday. I am about to dump them, oh and the commissions have gone up too.

keep in mind I DO NOT use MACD right now. So those settings are meaningless really

sorry here they are

I don't know if I will get scorned or not but here goes. I currently trade purely on EMAs & volume (along with my chart recognition skills, descretionary). I would like to see if RSI and/or MACD could help me filter out trades better. More about me. I do actually trade 1st of all. I trade the...

It sounds nice when you back test and view charts days later. Actually capturing double tops and double bottoms is quite tough "in the wild" Not to slam, but are you in the backtesting slash paper trading stage of your trading career?

IB does have real time charts. You can also use their feed to DDE to say Amibroker charts (I use them btw w/IQFeed). Keep in mind that if you use the free feed from IB to your charting software, backfilling data will be mighty slow.

I noticed this about myself as well. If my first trade went well, my day went well and vice versa. What I learned was that I had a bias to how I felt the market should behave that day. What I did was force myself to trade demo/sim the 1st hour or so. After that you can get a feel for how the...

Glad, it wasn't just me. I did killer yesterday (was damn hard though) but today's setups were not following through at all. Dumb question. If an individual can only trade 99 or 100 contracts there must be a coordinated effort to cause the spikes that I call "stop busters" or shooting stars...

YM was barely tradeable today. It was like mechanical systems were battling it out. Or was it just me?