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Well, if you already know this then why are you trading your "system" with real money :confused: Dude, your money management is fucked up if you're trying to double your capital every month.

+1 :D

Poptools...is a free program and very good.

I found this on the front page of the developers website. "Since I work on TradeProject only in my spare time it could take some days until I release a new version. Anyway: I do not promote day trading!" Thanks for the reference, but no thanks...

What are you gona do...the dirty little secret is that Ninjatrader "has us by the balls". I've looked and looked and there is no other software on the market that even comes close to Ninjatrader in terms of functionality and price for the retail trader. Looks like they will fix a lot of...

This is shaping up to be one of the most hilarious threads of all times :D

Here's a little tip. You don't know whether your observation is a "possible" edge or fools gold after you have seen the correlation over 100-200+ of such observations. I personally like to see more than 500 observations before I'm really comfortable. You're making a typical rookie mistake...

Read "Millionaire Traders" by Kathy Lien & Boris Schlossberg. It's precisely what you're asking for. Edit: It's the daytrading equivalent of Market Wizards and a very good read.

Bingo! What (s)he said.

The definition of insanity is doing the same thing over and over again and expecting a different result. Neke, don't be in a such a hurry to "blow-out your account", or in your case, hit your yearly account stop-loss. You still have a pretty good sized account right now. You think you feel...

I'd have to concur with Mike805. Neke, you should remove as much discretion from your system/method as possible because this is the only way for you to determine whether you have an edge or not. In my case, my system is 97% automated (orders are automatcially placed by the system). The only...

See these sites for your answer: http://vegasclick.com/online/legal.html http://www.gamblingandthelaw.com/columns/159_internet_poker_long.htm http://www.gambling-law-us.com/

Me too. I was not impressed. They should have done more beta testing before rolling this out to the masses. It still needs a LOT of work to make it more functional for the end user.

OR, "You put on the trade and it moves against you, drawing down your account 2%, boom you're stopped out." and, you move on to the next and entirely different trade instead of trying to re-enter the same market in the same direction when the market has clearly indicated that it is going...

Why don't you try this simple concept that works in both TRADING and POKER: ALWAYS "throw-away" all "Bad" Hands/Trades, and ALWAYS "go all-in" on all "Good" Hands/Trades. Of course, when I mean "go-all-in", I don't mean risk your entire account, but instead put on a larger position than...

Remember, Withdrawals from your account to pay bills has the same effect on your account as losses. They both set your account back. If you don't have at least 4-5 years of annual expenses PLUS 50k - 100k for a trading account, keep your day job.

strategically placing print statements helps me determine where my code is failing in the absence of a debugger.

Automating a strategy will not totally remove fear from your trading because even with an automated strategy you will still have to monitor the system and trades for unanticipated problems and issues (ex., loss of connection, bugs in the program/strategy code that cause the strategy to not...

I currently have my strategies automated in ninjatrader. I would do the following: 1. Start with "C# 2008 for Dummies" to get a refresher on the C# language. I'm serious. The book is well written in layman's terms. 2. Read through Ninjatrader's Support Forums (Strategy Development...

ROFLMAO so true. You forgot... Don't forget to look at the 13-minute, 44-minute, and 81-minute charts to see if they confirm. If they do, look at the PREM to see if it's going sideways. If it is, enter when the tea pot starts whistling :D