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sh @ 85.97, sl to b/e, tgt new low

I feel your pain. Last year when I first got my IB account and was using the DOM, I had at least a dozen buy/sell mixups, limit/stop mixups, and leftover pieces of positions that sucked money out of my account.

Son of a bitch, was watching for a short setup and left my desk 15 mins ago to make a smoothie! Sorry guys for not announcing it...

Stopped out in the middle of the night. Rationale for the trade was a lower high beneath a now-falling 20 MA following a double top after three pushes up from Sunday's open. Normally I would've waited for the rally to the 20 MA to short it (around 86.56 or so), but it was my sim account, and...

Nice drift down while I had dinner and a movie. Stop now to 86.10. Worst-case I'm now $350 closer to my sim Ferrari! (Schiz, why didn't you tell me it was safe to trade live on Sunday evenings???)

Bitter. Good one. In fact, I am!!! :D

stop to b/e

I never traded during this time. It's very thin and a 2-3 tick spread. Sim account: sh @ 86.45, stop @ 86.67, target 85.67

When I started out, I didn't have a losing trade for over two months. I made over $40K in that time period. I didn't have a direct access trading platform; I simply logged into my Etrade account on-line and used the basic platform that was a bit delayed and you had to hit the browser refresh...

I use a 20-period (20-bar) MA, so if I change the time frame of my chart, it adjusts to that time increment. I'm trading off a 5-min chart with cross-reference to the 3-min chart in a strong trend. In a trend where price actually pulls back to the 20-bar MA, it nearly mirrors the trend line...

Summer 2008: "LMFAO! AAPL at 100???" "Might as well say RIMM at 80!" "Might as well say GS at 130!" "Might as well say BSC and LEH at 30!" RTD, I'm not sure yet if GS would be a buy at 50 :D

Now it's hard to make money with tight stops, but if you learn to time your entries really well, it gets easier. There are folks on ET who questioned my claim that I sometimes traded a volatile issue like POT with just a 10 tick stop, but I'm a sniper. I watch and wait sometimes for an hour or...

:confused:

Really? So if I open an account with $10,000 in it and I buy 5 contracts and news hits the wire that causes the S&P to drop 100 points, I'm not responsible for the additional $15,000 loss?

Bad case of the children's game "telephone" here and spinning a story to sound-bite form, easily digestible by everyone. The real story is that Terry Hoskins never was even late on a mortgage payment. He'd taken out a bank loan originally to buy land and had built a home on it with his own...

That is absolutely correct. Most days I netted $2000 simbucks or more, and only once did find myself in quite serious trouble and bail at nasty loss, but I started out that trade with much too large size for an average down play. When I realized that I'd never trade CL live if I didn't prove...

Let's just say if we were transported back to high school, there's a chance I might pass you in the hall. You have a good point there. Not only did I announce yesterday on the ES Journal I was leaving my desk, better yet, I snuck back to my trading platform to put on another trade during a...

Best thing that ever happened to me early this year was limiting my trades to the first couple hours of the day and taking a break midday. I started using a chart in a smaller time frame so I could see early entries on possible reversals off extremes. I trade much like emg, looking for reversal...

HB, this is insightful for me. I made my largest gains trading CL in my sim account by averaging down. Every day I have a temptation to enter a trade too soon and just average down if it moves against me, because it only failed once in my sim trading, and because when I get the move I wanted, I...

Hey, who you callin' old??? :D Shower, snack, breakfast, lunch, walk, potty...these things will put a MAJOR dent in your potential profits. Especially if you think the price action has stalled and is boring. Out of boredom come the greatest moves. Therefore, NEVER leave desk during...