What are the liquid futures contracts that can be traded through IB?
I know ZN, YM, NQ, ES, EUR, CAD, QM
Anyothers you guys know about... Thanks in advance.
I think it all depends on inflation, if inflation is running at 3% and you can get 5 or 6% from a 3 year bond my bet is a lot of older people will take that and exit equities.
personally i've never met a mechanical trader that makes his livingly solely from trading... i've met some discretionary traders that do, and i've associated with hundreds of full-time traders over the last 6 years.
my guess is once you've watched and traded the market for many years you...
if you are using 20-30c stops you shouldn't hold overnight, I believe you have to reap the rewards of holding overnight in order for the risk to be worth it, you will get rocked badly once in a while if you hold overnights and thats a fact!
I know someone that bought 1000 shares of NT at $80. He also is convinced he has never had a losing trade. I guess it's not a big deal being down 96% or about $77K. It's just a trade in a drawdown and it will come back eventually. LOL... why kill the trade? If you liked it at 80 you must...
Skalpz,
How much money have you made since you started trading?
What was your starting balance and what is your balance now?
My guess is you will avoid both questions!
my personal definition would be...
Placing a trade in the direction of a clearly defined trend. Example, buying a stock making new highs, the more new highs per period the more momentum.