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- $324 Massive overtrading and complete abandonment of my plan. I wasn't going to trade at all today. Today the ATS was to go live, and I was going to watch it trade. Unfortunately, we found out too late that an API was missing on that PC and so the system didn't run. By then I'd...

I wasn't going to trade today. Today was supposed to be the day the ATS went live, and I was going to watch it trade. Unfortunately an API was missing on that PC and so the system didn't run. So I lost my mind and figured I would become the ATS and trade anything that moved. 52,000...

I do have a short bias only because with a solid setup behind it, price tends to fall more quickly than it rises and I like that kind of instant gratification. However, I'm well aware of the power of breakouts to the upside especially after a strong selloff and that's why I was watching ES...

I haven't traded ES for a while, but it's back on my daily radar. I was looking for a breakout this morning based on a rebound from a very oversold state, but it didn't transpire. I'm actually pretty good at trading ES in a range like today's in my sim account, but decided to focus mainly on...

+ $124 ES on watch for the opening range b/o because the market seemed due for at least a dead cat bounce here. Pulled back quickly at the ORB long trigger, so I sat on my hands. Retest broke out on news and also sold off quickly, so I decided to let ES tell me more as the day went on. It had...

+ $124 Not bad for 100-share trades, and only one dumb trade today :D

Once you do 4 day trades in a 5-day period, your account is subject to PDT regs.

I'd like to add to my last post: What is the greatest cause of large losses and blowups? I believe it's the polar opposite of the trader's mentality that Mark Douglas describes. It's personal bias. The belief that you KNOW what will happen next because of what may have happened 95% of the...

I read Mark Douglas' "Trading in the Zone" quite some time ago and thought it was a great read. A couple days ago, I started to read it again. It was like reading a whole new book. I realize why he seems to say the same thing over and over in the book in slightly different ways: It's very...

I never traded forex, but I believe it would be no different for me than trading anything else. My teenage son brought a co-worker of his over to visit one evening. I got to talking at length with this guy, who'd been trading fx for 2 years and had taken a $300 account to $10K in that time. It...

The options he's chosen are highly liquid with tiny spreads. Should be no different than trading the underlying except he can leverage nicely and his losses are limited to the premium he pays (or much less if exercises good risk mgmt). Best of trading to you, Inc! BANG!!!

Why do you need a million to trade? If your system's really good, it can take your $80K with 4:1 margin to trade 2000-3000 shares a day of a momo stock (POT, AAPL, AMZN), catch a 2.00 or better move each day, generate ~ $5K a day and you'll have a million to trade before the year's out.

The next trading day (1/19) from this post, SHLD indeed became 100% overbought. On 1/20 it opened gapped down, strong pullback signal (the shorts were squoze, so to speak). Feb $105 puts traded around 5.50 near the open. 70 contracts with 50% stop put less than $20K at risk. Value as of this...

You are correct, but I use the 20 EMA for the same thing when looking to enter a trend. In a very strong trend, though, stochs can fail badly in the time frame you're trading. In a very strong trend I think your best way to enter is to look at a smaller time frame than the one you're trading...

No.Heat is on the money with his advice. And I agree with Red-Ink here. You need to learn basic technical analysis. ESI never once even peeked its head above the falling 20-bar moving average Friday. There was NO long signal. At all. The only effective long position on ESI was scalping...

Hog, I understand everything you're saying. The fine point where you're misunderstanding my tactic is that I'm NOT using a 1-min chart for setups. I'm actually using a combination of time frames as follows: daily combined with overall market sentiment for most likely direction if a trend were to...

My base commission is less because of the length of time I've had accounts with them. Also I didn't know it was .50/contract; I've done some options trades in my demo account and the commission was more than that. Also the commissions were unpredictable, maybe $75 going into the trade and...

I have to agree with you 100%. By the way, the automated system should be going live the week after next. In real-time tests with a demo account, it's been netting $300-$400 a day trading 200-share lots, no stocks over $100. I'm very excited to see if it maintains a consistent performance...

I think what everyone's missing is that I'm using the 1-min chart in conjunction with the 3- and 5-min charts to spot setups early enough that I can get in before price moves to a level that I feel I'm chasing a good entry. I'm not trading off the 1-min (unless I'm intentionally scalping). I...

I've no idea. I decided I will likely only use my Etrade account for options trades, since they don't charge for cancellations or changes.