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UPDATE-EOD-10/29/2009 Two short positions stopped today (KFT, WMB) as the bulls pile back in to the market. RESULTS: KFT = -0.22R WMB = -1.22R NOK reversal never materialized and I am still long.

SO, when you say the GDP numbers would have taken you off of the short side and on to the sidelines, does that mean you would have closed immediately after they came out, or that you would have analyzed things differently? Just curious why you would trade differently now than before. I got...

It's creating jobs alright...job accounting jobs.

SYSTEM: REVERSAL EXAMPLE: Here's how the NOK one might have played out if the market was showing weakness today. The close below the 20-period low (Donchian channel) indicated significant weakness, but I always require price to move in the indicated direction. The low of the bar that closed was...

Tharp's book had a pretty decent section on position sizing (I found it informative, anyway). I think the Turtle method also had a very simple way of reducing position size as well...something along the lines of a 5% drawdown means you assume a 10% loss in available equity, etc. Basically you...

I wonder if you can code an indicator to respond to Cramer's sound effects? When your program hears that Bull a-roaring, you can automatically pop that short in as fast as those little electrons will flow through the wires.

SYSTEM: PYRAMIDING A common theme among successful traders such as Jesse Livermore and Richard Dennis (The Turtles) is that of maximizing a position when you are correct. This ensures that your winners will exceed your losers by a fair margin and allow you to profit, even if your winning...

SYSTEM: MONEY MANAGEMENT & POSITION SIZING Money management is the system component which allows you to weather a storm of losses and preventing you from being over-leveraged. It consist of two components: Position sizing and position limits. Position Sizing Every trade position is sized...

SYSTEM: STOPS Stop losses in my system come in 3 flavors:INITIAL: Placed at 2*ATR(14) above/below the entry price (above for short, below for long). REVERSAL: Occurs when the price closes outside my reverse point and then triggers beyond that the next day. TIME: If the market is stagnant...

SETUPS: 10/29/2009 NOK will stop out and reverse short below 12.77

FILLS: 10/28/2009 NOK gave a reversal setup, so it will be a short tomorrow below 12.77 (closed at 12.8). SPY has major support at 102,99,98,96. As we near those levels, I will keep an eye on my short positions and will tighten my trailing stop.

I believe Ninjatrader will let you spit out emails using their Ninjascript programming language (basically C#). Their documentation is pretty decent, so even if you're not a programmer, if your system logic is fairly straightforward, it should be relatively painless to do. If you are using...

Although I haven't actually placed live orders with Ninja, I have dug in to the API aspect of IB alot for my own trading system. IB basically charges you to place and cancel orders via the API, but if your order executes you get a credit back...I forget the rates, but it's something like a...

UPDATE: BOT +1 WMB 100 JAN 10 20 PUT @2.40 ISE, WMB MARK 18.38 This is a bit of a late update (actually filled an hour ago), but them's the breaks when you work full time. Since doing these updates live is a pain from work, from now on, I will just make one post before the open (to show the...

UPDATE: BOT +1 GME 100 JAN 10 24 CALL @2.46 CBOE, GME MARK 24.68 Other Longs de-activated by OCO Added to WMB BOT +1 WMB 100 JAN 10 20 PUT @2.05 PHLX, WMB MARK 18.95

UPDATE: BOT +1 FFIV 100 JAN 10 45 PUT @2.90 ISE, FFIV MARK 45.64 Other shorts are de-activated.

SETUPS: 10/28/2009 Using OCO to fill one each of long/short.

While low cost commissions are certainly important, ease of use in the platform plays is a big part as well. In TOS, the option analyzer feature is great, and it is extremely easy to quickly create conditional orders. For options trading, I've found TOS fits my needs better than IB. Not...

UPDATE: BOT +1 MCD 100 JAN 10 60 PUT @3.20 ISE, MCD MARK 58.61 Adding to MCD position

Comment: It doesn't look like UNP or OVTI will be triggered today, but I've got my orders in anyway. To keep spreads within my limits, I'm using 1 strike OTM, rather than ITM/ATM. This means you have a couple more contracts (lower delta means less reaction to the same adverse move), but your...