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Short 51.50. Stop @ 62. Beer money account / swing trade practice. I may be a bit early here, but we're due a move lower. 1st week of the year have a bullish bias, but the week is still young. Happy new year!

LOL. Don’t get excited just yet. 1st day of the year over the last 7 years.

The odds of an Inside Day after an Outside Day like yesterday is about 26 %. So there's that to keep in mind. Further, odds favour a close above 30. Time is also a crucial element in trading. The more time we spend above 27,25 - the less likely it is that we make a new low on the day. In the...

Yeah. I would be cautious on the long side above 3750. This is my play. Beer money account. I think I'll stop out B/E on this one.

3750 still in play on this side of the year, IMO. Lots of air below, so we're due a decent move south eventually, but I'm anticipating one last push higher first.

I would rather suggest that you start out very basic and formulate the problem you want to solve first: Here's a market. Preferrably a liquid and volatile one. How can I make money trading it? How can I make the most money trading it? Where is the most money located? What's required of me or...

What is your goal? What is it you want to solve and eventually arrive at?

I'm in Norway, remember. Alcohol is very expensive here. :)

MES, so only beer money. :)

Liquidated the entire position at 29,75 for a total gain of 109,75 / 5 contracts = 22 points per contract. I was planning to hold the position with my stop @ 23 in anticipation of a 3650 touch, but apparently my broker did not accept the cash in my main account as margin for those contracts and...

Did anyone actually trade substantial volume of MES per clip? I traded between 1-15 MES earlier this year, but experienced both slippage and some partial fills on limit orders and even no fill on some occasions. This was however not in a slow moving market. I also made a brief comparison...

Adjusted to 18.75. No rally today it seems. Just a slow grind higher as is to be expected on holidays.

Added another 3 @ 22.00. Average is 07.75. Will stop out the entire position @ 08.75. I have 3709/10 as the absolute low if today is to turn out as I anticipate. Ideally, we'll hold above 16 from here. If not - we'll probably slide all the day down to 3695. EDIT: Stop @ 16.75 on the entire...

3709/10 is the level where I'll start adding - if price firms up there.

Eliminating the risk at this point and putting out sell limits @3750. If we pull back towards 3700 on or near the Open - I will probably add quite a few more contracts if I like what I see. But not interested in chasing this at these levels right now.

Holiday - so no day trading for me this week. I still have my eyes set on 3760 or more as a high reading by end of year and there is a strong upside bias by end of year anyhow. So I'm going to hold a few MES for some beer money on a swing trade for the week ahead. Went long 1 contract on the...

Well, I certainly don't have your 30 years of experience. It's about 10 years now on/off. Since I know how hazy my memory can be, I can't say for sure, but I also seem to remember the markets being different when I first started out. Exactly how you describe it with more follow through on the...

Yes. Assuming you don’t compound your bet size too aggressively.

Do you have the data to support that? First things first. On what timeframe? Daily? Intraday only? And how is a move defined? I’m on the road now, but will take a look later tonight using my own database across various metrics to see if I can dig up some numbers.

When I started out as a trader I used to have a really strong short bias and would very easily short. I've heard other traders starting out having had the same experience. I would also be fearful buying bottoms. These days it's the other way around and I find myself shorting less than I should...