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I viewed some of the videos on this site. Great stuff, exactly the way I trade, except for the scaling in part. So yesterday I was all gung-ho and ready to scale into a winning trade if presented. First trade of the day, pre-market, I'm short and price is coming in to a level that I feel will...

Notes123, were you thinking this was a real trade? I was poking fun at our (formerly) resident post-hoc trade poster :p I've sold plenty of low ticks and bought plenty of high ticks. But that's what stops are for!

I was having back to back scratch trades early on and decided, oh no another choppy range day. Seemed like if there was a S/R level in line to be tested, it surely would be and so I was placing hard .20 targets if that price was very close to the S/R level in play. I did have quite a few scratch...

Since you trade with the trend, I was assuming the reason you took a short trade counter-trend was because the previous high of 1333.50 did not break by even a full point, hence the term "failed breakout" (or fbo). One big difference between live trading and sim is that in sim if you have a...

Nice counter-trend entry off the failed breakout. Where was your stop? You didn't post where you'd exit if it ran against you. Do you use hard stops or mental stops? If you shorted 1333.00 and it bounced off support and ran 5 points on surprise news, what would the damage have been? That's...

Hi! I would never laugh at your trades (and I do think we trade similarly) :) I usually check in here if I get bored, but today's action fully engaged me, mainly because I was cross-referencing the 1-min chart most of the day. Kingjelly, thanks for compiling something out of my posts. I...

I was just joking about that trade, based on the "potentially bearish" post that was made. I don't hold overnight and certainly wouldn't hold 6 lots overnight :p I only play breakouts of high/low of the day in well-defined trend. Today was not a high/low breakout day because price kept...

As you've read here, the biggest difference between sim trading and live trading will be the thinking you'll do when your money is on the line. Paying up a tick to position yourself for a trade if your limit order isn't filled or getting a tick of slippage on a stop order entry or exit should...

Long 6 @ 108.65, target 110.42 :D :D :D ADD: Going to watch a movie now that nicely captures the price of crude oil: Unstoppable :p

Then you need to look a little closer and find those patterns that work more often than not and have done so for years through bull and bear. The only adjustments I've had to make in the time I've been trading specific "edges" over and over, are adjustments to stops and targets when price...

You don't have to know whether a setup will succeed or fail. All you have to know is the average statistical likelihood of success or failure as demonstrated over time, and then define levels at which stops and targets are likely to work to your advantage. For example, if I've back-tested...

This is definitely a major problem, especially for inexperienced traders who fade strong moves because price has gone too far and is "due" to reverse. For the few players who manage to define setups that have demonstrated a greater statistical chance of moving one direction rather than the...

Buying a trend line break via a demonstration of strength with a buy stop above resistance, initial stop placed where previous resistance should hold as support in a trending move, as the position breaks out nicely, stop is moved below the breakout level to help avoid a shake-out if price comes...

Accumulating in the 61.00's and closing later in the 65.00's is not "fading". It's buying the gap up and watching it go. Some gaps close, others run. When a gap up has no definable overhead resistance, it's more likely to gap and go at the open than to attempt to close the gap. Why? Because...

PDT only applies to trading stocks and options. Futures have much smaller intraday margin requirements.

This from someone who took a 27% hit to the account the other day fighting a clean, strong trend? http://www.elitetrader.com/vb/showthread.php?s=&threadid=216483&perpage=10&pagenumber=4 With-trend breakout opportunities in CL on 3/29: To keep it so simple a 10-year-old could do it, all...

Remind yourself of how easy money is made in the direction of the trend: http://www.elitetrader.com/vb/showthread.php?s=&threadid=187779&perpage=10&pagenumber=104 You bought a stock that gapped up 10% to open at all-time new highs. How crazy is that? :cool: 12-10-10 07:15 PM...

I've traded as many as 6 cars, but my trade management goes right out the window. I move stops too quickly, cut winners. Scaling into winners I don't manage the trade optimally either. Rationally, I know that nothing technically is different with more size on, but I'm different. As of...

Ballsy, Frank, trading right into the NFP :eek: 6E is a good breakout instrument. Try the breakouts when a strong support or resistance is about to be challenged.

If the setups you trade have an average 50% win rate, the most profitable method of trading, in my opinion, is to place a profit target twice the size of your protective stop. This gives you enough overall profit to cover commissions and slippage and end up with a good overall profit. If...