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IB is on the defensive - just got the following email from them with the attached PDF.

Thanks, I like to hit those singles and I'm working hard on "learning to love the losers".

I hope you're right - I've never felt such a range of emotions. Anything that is this physically and emotionally draining must be worth the effort!

Update for week ended 3/14/2008. I'm in a rut, no doubt about it. And it is bothering me more than ever before. I am doing so much introspection and coming up with feelings of not being good enough. Being a failure. Feelings of being scared - look at how quickly profits can disappear. I...

We wish you and your family all the best Brandon.

Is the blue up triangle a long position, the yellow box the target, and the red circle where you got stopped out? If so... the Heikin-Ashi candles aren't bid/ask, so maybe the high of that candle was lower than than your target.

Your account number is showing at the top.

Update for week ended 3/7/2008. I've come to terms with my situation and opened an account with Oanda. This will allow me to trade with much smaller size - I expect this will allow me to focus on trading well and not trading for the money. Very light week between being sick and just...

That's what they said about Refco. It was a happy day when I got pennies on the dollar from the Refco settlement.

Agreed - I've used IBController for over a year without any issues. You can download the current version from the TWS Yahoo Group.

Thanks for the follow-up. I began the process of opening up an account with Oanda yesterday. It's tough on my ego to be pulling in the reigns as tight as I have and making such drastic changes. I'll have to get acquainted with an entirely new setup - but I feel it is the right thing to do in...

How long have you used Oanda? I don't trade the news at all, but have heard (rumors) that the spreads at Oanda widen dramatically at times, regardless of news. I've been with IB so long that I forget what it's like using a MM. Thanks.

Update for week ended 2/29/2008. Nothing to report this week - relegated to paper trading. For the foreseeable future I will trade the smallest positions allowed by IB (25K) - and I have been looking into Oanda in case they don't want a piker like me around! "Trading to Trade Well" is my...

I felt it. :mad:

I currently use IB and am looking for software that will close any open positions once a predetermined loss for the day has been reached. NY0BScalper suggested Laser and I have tried ButtonTrader - any other suggestions or recommendations? Thanks!

What software/platform are you using that goes flat when a max daily loss is reached? Thanks.

Thanks for the good words guys. By chance, my wife saw the year-to-date loss last week. All she said was "that's OK" in a loving tone. I think she understands how important this is to me and believes in me as much as I believe in myself. That is priceless.

To learn all about candlesticks you'll want to read Nison's book, "Japanese Candlestick Charting Techniques".

I sincerely appreciate your comments. Actually, I was struggling as to if I should even post these awful results - but needed to be honest with myself and my fellow ET members. Since the middle of last year I've given myself a 2% daily and a 5% weekly max loss. I'm able to obey it sometimes...

Update for week ended 2/22/2008. I really fucked myself fast, hard, and relentlessly. Like past disasters, it started out as a small loss that compounded in front of my eyes - and my lack of discipline under pressure prevented me from letting it get to this point. What was the reason for...