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I don't think exits are your main problem. Develop a comprehensive trading plan (not just an entry plan) then develop the discipline to stick with it. No one can do this for you.

Steve_IB: What about reduced rates for high volume IdealPro forex traders like you have on the unbundled commission schedule? If I had more of an incentive to do so I would ramp up my IB forex volume significantly.

One story to illustrate: A few months back I was watching GBP during an illiquid time on the overnight session when it was just me and a couple of other small traders, and the computerized market maker programs bidding/offering size. The spread was like 4-5 pips, when a one lot came in to buy...

I believe that asking the right questions is very important in developing as a trader. One series of questions I asked after I had learned the basics of poker helped me change my paradigm about developing trading systems. What is the best starting hand in poker? Obviously it is AA. There are...

Camtasia http://www.techsmith.com/products/studio/default.asp?CMP=KAC-CGoogle

I would say that most of the time collusion is spotted by other players, reported to the site, investigated and eventually the colluders may or may not be caught. But Puffy is right that the site on its own probably isn't smart enough to track all the players and figure out who is colluding and...

No, although some may say anyone who runs a bot is cheating, I felt that collusion was cheating and didn't want any part of it. I would say that it would provide a significant advantage in two areas. First, you could pump the pot when one bot had a very good starting hand and you have a calling...

Hmmm, anyone named Terry in this forum?

I have tightened up significantly since that day.

Online sites can and have frozen player accounts who they suspect are running bots. That was one of the reasons I decided to call it quits. It also was not as profitable as I had hoped. Because my bot didn't read other players' actions it was at a disadvantage. I started "helping" it out when it...

That is commonly referred to as collusion, and is probably the thing good online poker players fear most from bots. It is a form of cheating. Online sites can and do shut down players who play together too often - it's pretty easy for the sites to detect if you do it often or if you're using the...

When the Chinese finally revalue their currency, what if anything happens to EUR/USD?

MidKnight, One of IB's reps mentioned on the boards that they were phasing out the system restart time that used to take 45 mins or so. From my observations and what one rep said: the restart time is 11:50 PM Eastern time. I set my auto logoff time to that time, then I reconnect. When I...

Just an update on IdealPro: I've been trading EUR/USD on IdealPro on and off for the past couple months. The highlights: Fast fills (using limit orders) Fast quotes Decent commission *Great spreads* (for EUR/USD 1-2 pips, often a better deal than trading the EUR futures. In fast...

One thing that I find fascinating about poker is that you can see who is winning and who is losing by watching the players' stacks at the table. When I first started playing poker I wanted to understand what the winning players were doing. After learning the basics of the tight-aggressive style...

Shhh don't give away the farm. It is interesting to read these edge threads to see who fits into the 10% and who fits into the 90% by the screwed up "edge" definitions they give.

Steve, One early morning when attempting to figure out my trades and positions I noticed that at about midnight the previous day's executions drop off - I had to "export previous day's reports" to see what had happened as the nightly report wasn't created yet on the website, and the cutoff...

Ozzy: A couple of pieces of advice: Change the chart background color to a dark color like black for the sake of your eyes. Use the simulation to hone in on your desired method of trading. That is the strength of simulation. Pay particular attention to your most profitable trades. What...

To continue on with my story, after I made the changes and my bot was more competitive with poki (not profitable but more competitive), I went to work with writing code to interface with Party Poker's client software. In looking back on it there were two main types of bugs in my code: bugs in...

Perhaps, but I felt it was a worthwhile exercise for me. I learned quite a few things from the U of Alberta papers and converting some of those ideas to code. One thing I learned was that both poker and trading are games of incomplete information and what that meant. I realize that you don't...