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Thanks for sharing this journal - very generous of you. Two questions of clarification, i f I may:- 1) Once in a trade, you do not exit or reverse if you get a contra signal? 2) I think you said earlier you enter with a market order. Do you exit with a Limit or Market order once Price...

Which better chat rooms are you suggesting? - rcm

Quote: Let me say this here, once and for all, LOUD AND CLEAR: Nobody gives a hoot how much somebody can make "per contract" in a day! This is a completely relative figure! It's all about margin! Doesn't anybody here talk about that? Thus, all these "how many points" figures are completely...

Same thing happened to me today, except I followed my rule to STOP after the 3 rd trade if I am down by either 3 points or more or a certain dollar amount. If I can't resist trading I switch to simulation mode. I have had too many days where I just keep whacking away at that golf ball...

You seem to have discovered the Holy Grail! Your daily average seems to be north of 3.5 points/day with hardly any negative days. What am I supposed to make of this dbanks? If you are for real, and I have no reason to doubt you except my general skepticism about "too good to be true"...

Delete the middle sentence, otherwise the 3 sentences are inconsistent (not profitable, so unless one is drawing a salary before determining profitability, one can't be deriving an income). The 1st and last sentence are enough. - rcm

Vision, seems to me you need an extra category. Those 95% of traders who don't make money (I would be in that category so far). Have been at it full time for about 12 months but have not turned a profit (kinda breakeven, so still trying). I certainly find this board very helpful (most of the...

Dbanks, you are still showing a nice trading performance, but it would be more realistic if you included commissions. Especially since you do a lot of trading each day for just one point gains. For example, on the 10th you show an overall gain of one point for the day, but if you were...

The universal response I get is: "Isn't that stressful?" to which I answer, "No, it's boring" (Of course, it's very interesting, but that is my response.) This either caused them to walk away or ask a lot more questions. I am also never sure which adjective to use - Financial Futures...

Then there is 1/9th of my household expenses, like heat, electicity, insurance (my trading office being 1/9th the space in the house). Then there are magazine subscriptions, travel expenses to conferences, other office supplies, etc., etc., Hey, this is one of the advantages of owning your...

"Yes, definitely, this is not a mechanical system - you've got to work it in your own way with some discretion and experience helps. Yet, I haven't found a better, simpler reversal system out there, at least not yet ." I have no beef with the idea of taking some trading ideas and modifying...

Funky, in my case, call it newbie ignorance. I wish I had found this board before wasting money with TI. There is gold in some of the posts on this board - thank you! Like your comment to develop one's own trading style. That is what I am trying to do now. - r.

I also waisted $4K with these guys - learn from my mistake and don't waist yours. They promise you an "easy" 2 points a day out of the market. They say most students learn their system in 4 to 6 weeks after taking their course and doing their follow up tutorials. They state that "all", I...

You are showing 3 1/2 months without one single losing trading day. Please pardon my skepticism, but that is just too good to be true. These must be backtested results, not actual results, right? - rcm.

Any "average" you look for will be misleading. Beware of "survivorship bias" where you only average those still trading after a (long) period of time. If you took all traders that started, say even 3 years ago (5 would be better), assume that only 5 or 10 percent still trade today (along...

Very good suggestion! - Rob.

Hurray! A most thoughtful answer to my original question. Would option 5) be meaningful as an absolute? The more months that pass by the higher this number will get. Perhaps you are getting at the "expectancy" of this trading system, which would be 1.33 (pretty good). But with that in...

A lot of wild claims get made in our business. You hear of annualized gains of 20%, 40%, 100% 1,000%. But how should we really measure our trading performance? Many seem to suggest you count Points, or Units, "Made 2 points today". Presumably one then multiplies that by however many...

Sorry, yes I did get it now. Thanks, Rob.

No I did not. - Rob.