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Why wouldn't it make sense? Seems like a normal day to me.

I could go into specifics, but generally, I'd say the important thing is to actually be prepared and relaxed going into a day trading session. How that preparation comes to I imagine differs for everyone. I've had days in the past where I was completely un-prepared and rushed into a session...

Lacking the timing aspect a prediction is more or less useless. What's the value in knowing there will be a market collapse some time in the future? 1 year from now? 10 years? 50? 100? Actually, that's John Maynard Keynes. Which also said that "In thew long run we are all dead."

Opening below 4635 as it seems we'll do as of now could be setting up a another day down instead. Careful, bulls. :)

Feel free to give your Cliff's Notes when finished. All I know is that at any point in time there's always pessimists predicting doom and gloom and optimists predicting the market to the moon. Just as this current bull market got started over 10 years ago now there were many who were still...

Friday going into MLK Day and a long weekend. Usually not a large day down over the last 10 years. As long as we don't open below 4635 tomorrow - I'd be considering it a good BTFD opportunity if price confirms.

Like I said - it can be a good middle ground between simulator trading and live trading your own $$$ to learn discipline and sort out other issues. Let's just not be under the illusion that these companies actually have any interest in funding you or finding trading talent. Clearly, that is...

Yeah. I thought the same. I assume you didn't have a stop as you took a 100K unrealized drawdown. The market could easily have dropped enough that you were margin called, so consider yourself lucky. It's happened multiple times these last 5 years. Large stops - > smaller size. Big size - >...

I never had any issues with NT7, but I have periodically had some minor issues with NT8. I didn't use the exact same set-up, so I may be comparing apples and oranges. Still. It took a year until you could use the crosshair on NT8 without lag. On NT7 it worked flawlessly. Ninjatrader still...

Any thoughts for 2022?

You could check out the ES Journal or start your own journal. I've posted quite a bit on the ES journal, both pre-market, on weekends and during a live market. Sharing my calls/predictions, trades, views and research freely. Doing so, I've come in contact with quite a few people and some of...

For AutoTrading your strategy does seem very discretionary. What you think shouldn't have any influence on your trading strategy - except for when you design it. The long term trend does appear to still be up, but from my perspective we're still in pullback mode and may be good for some more...

Okay. Since you're worried about monthly fees, how do you feel about the assignment fee for a live account, then? You may have gotten a discount, but this means that without a discount you're effectively paying 150 + 160 = $310 to get a $2K margin to trade on. Since they take 80 % of the...

There are many ways to trade... :) I don't know who riskfreetrading is, but it's hard to argue with any of his points in that post you're quoting. I think point 3 could be interpreted in two ways: a. Find one instrument which have ample opportunity and focus on that instrument only. If you...

It may seem silly, but at the start of the year I'm actually making some changes to my workspace / workstation to make it more comfortable and enjoyable. This should make it easier to stay in observation mode. Think relaxation, calmness and confidence. I'm also enforcing rules to keep me out of...

If it ain't broke, don't fix it! :) I would have loved to be able to do with less, so I'm cautious about not adding more than I need.

Thanks for all contributions. Good comments and nice to see some of the set-ups you guys are using. I'm probably too lazy / cheap to change things up right now. Maybe some time in the future. I'm considering finally adding a screen on on top of the one I already have though. Just for running...

That's trading. You have to be prepared for and master all market conditions. Congratulations on your funded account! :) Was this with E2T? Feel free to keep us posted on your progress and withdrawals. I won't disagree with what you're saying about these programs here. In fact, I made the...

To make things clear: I did not say that this would necessarily be a complete system. The specific question was related to entries and my point was that if a strong trend is present you can get away with even a sloppy entry. (a / b) Well, like I said. If you have a valid way of recognizing a...

Many of Dell's monitors are targeting the financial industry and isn't gaming screens per se. I wouldn't say it's fancy. It's just one big screen. You could have the same effect with 2 x 27" screens side by side, but then you'll have a bezel in the middle. What I DO like about my current set-up...