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i did see the "low" being made, just happened to be glancing at the market, i don't normally watch during the day. I changed the limit order to an OCO with the limit at 14030 and the stop being a certain distance away. Market went up , wasn't too far from the stop, but fortunately came...

Sir John Bond is not a billionaire. So not a fact,

Just find trades which have positive expected value. Let's say you want trades that give you 3x your risk. Figure out a trade that has that technically on the charts (A) and then work out the odds of hitting that target before you are stopped out (B). If B is less than A, do the trade...

USDJPY bounced off support at around 101.30 (2 month low?) . BoJ will not want it to break, bound to do a bit of buying overnight to bring it back up. Could sent ES up 10 points overnight, be careful if you have shorts.

had an order to buy back my short nikkei position at 14030. Low of the day: 14035 :(

:D

For those of you who watch the market tick by tick (I don't), can you FEEL the market panicking or becoming exuberated?

i'm waiting for pinkman before i cover any of my shorts :D

out at 3609

What's left for investment banks once they take out trading FICC? How will they make money? Corporate finance? M&A? What else is there?

long at the high 3618.5 june nasdaq, stop 50 points

A big cat may not eat for weeks.

Hi murray, could you please elaborate more on the PSAR principle?

I agree that it is demoralising. With regard to your example, haven't you really just changed your target from $0.25 to $0.23?

I didn't see the high in real time. When i did look, the market was 1 point (4 ticks) away, so i figured it might as well go back up. But it didn't.

out at 99.85

If your take profit orders normally coincide with where your failure stop would be, then surely you should just have your failure stop and not take profits because you then expose yourself to the possibility of the market moving even more in your favour?

in this case, it was 1/2 of one per cent of my open profit at that point.

So the solution is not to set profit targets. But my targets are quite far away from my entry. If they go anywhere near them, that means a big profit. To surrender large chunks of that ... is very demoralising.

I had a position trade (so not day trading) on one of the grains. I had a profit target and i put a limit order to exit if it hit that. The market went to 1 tick of my order and then retraced. Today, I was stopped out at my trailing stop, so still made money, but only half of what i could have...