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The problem with 10% IMO is that to be fully invested you then need to be monitoring 10 positions or 20 if you are using margin. That is to much for my tired old brain to cope with. That's the trouble with trading, every time you gain something on the swings (pun intended) you can lose...

The concept of sizing your position to acceptable risk levels based on your initial stop is very sound. However, there is another important consideration. When swingtrading, good trades are held overnight, which exposes the position to price shocks. That 1% assumed risk can easily turn into a...

A feature of Nextrend that I don't like is that, if you have scrolled back to review some historic data, when a new current bar starts to update you are jumped back to the present and then have to scroll back again to continue your research. I was doing some research on the e-minis where I...

Neo, I am not exactly sure of what you are trying to do, but you may find something to suit you in the book "Mathematics of Money Management" by Ralph Vince. In particular it deals with the concept of optimum F which is the optimum fraction of your account to put into a sequential series of...

Presumably there will be more interest when the masses get access to reliable quotes and real-time charts. It looks like the exchange has done a really poor job promoting it when sources such as quote.com have not been made aware of it and don't carry the quotes.

"You also need to deposit a total of $90k. When? 3 days latter, at T+3 settlement,you need to pay $90k" The regulation says "promptly," not 3 days. No matter what semantic arguments you use, daytrading in a cash account is contrary to the intent of the regulation and that is my final word on...

OK Fohat, read the extract below from Reg. T Sec. 220.8 Cash account. (a) Permissible transactions. In a cash account, a creditor, may: (1) Buy for or sell to any customer any security or other asset if: (i) There are sufficient funds in the account; or (ii) The...

I will if you can tell me in advance which will be the trendy days:)

Fohat, sallyboy has explained the application of regulation T with absolute clarity to you at least twice yet you keep insistng he is wrong. All I can conclude is that there are none so blind as those that do not want to see. OK, let's assume you are the only person with the intellect to...

Good point DT. Last year I was paper trading the NQ's using an intraday trend following approach and was consistently profitable. Just when I was ready to start trading, our (Canadian) regulators cut-off access to IB. Now that it looks like IB may be licensed in Canada I have been dusting it...

I believe you have got it right. This is exactly how some, if not all, brokers are interpreting the free riding clause of Reg. T. I suggest that they may have been reminded by the regulator that this is the correct way to interpret the regulation, even if they have been turning a blind eye to it...

So go and trade the futures. That's the smart thing to do, switch rather than fight a losing battle. Isn't that what I just told you with the quotation? You don't have much choice anyway, do you, as the rule is not going to change any time soon. As I said previously, get on with your life...

There is a saying that goes: may the Lord give me the strength to fight for those things that I can change, the tolerance to accept those things I cannot change and the wisdom to distinguish between the two. If you guys want to waste your energy fighting one of those things you cannot change...

The continuing criticism of the SEC misses the point. Read DG2000's post and the associated documentation carefully. It was not the SEC's idea to introduce this rule. The impetus came from the NYSE and NASD, which are to a large extent self-regulating. The SEC essentially ruber-stamped their...

Some have suggested mixing daytrading and swingtrading. Others don't like this idea because of the difficulty of separating the two approaches, e.g. letting a trade intended as a daytrade turn into a swingtrade if it goes bad. Is a reasonable solution to this dilemma to trade different...

I am not an expert and I don't know if it is true, but I have seen it said that the NQ tends to display more trendiness than the ES, which is choppier.

Thanks for taking the time and trouble to give this description of your concept. It explains why some of your examples do not look like the traditional sideways consolidations. Traditional concepts of support and resistance zones are explained by the reasoning that they represent areas where...

If you don't know what you want to do there or whether you even want to be there I see no reason to go to college. Not having been to college would in no way imply that you have less chance of being a successful trader. Provided you are reasonably intelligent and can learn, I think your...

<i>Please read this as I don't want to have to write the whole chapter over. </i> A brief summary would do.

Steve, I am not much interested in you defending your results, but I am interested in examining the basis of your approach. I posted two messages on Sept. 19 to which you have not responded. Please review them for detail, but in essence they are: Your method was developed long before...