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My focus is primarily Futures spreads (CME, ICE) US Stocks Daytrading (CME, EUREX) - platform SierraChart Would be anybody willing to give a hint or tip for a broker that allows trading both futures including intra-delivery spreads and US stocks with 50% margin while respecting CME SPAN for...

it is hard to change the subconscious patterns. You can treat them from the psychological point of view but you can also incorporate some little tricks into the trading process From the psychological point you could try some techniques like for example regression therapy or any similar. Your...

self-kill aka self-sabotage usually comes from the fact that you subconscious mind is likely set the way it makes you believe you do not deserve the money... it seems like the pattern that you like climbing the hill up but then the only way from there is....

It is the "FLOORED" ... very nice piece of documentary btw

Agree. The same works with futures spreads. Those trades that have seasonality corresponding with an actual trend are the best trades. Trying to go against the trend (pick turns) usually cost me money

I am happy about oats spreads ... and I like porrige :-D

Welcome to the world of spreads! :) 1) if you go long Corn May and short Corn July your risk is reduced naturally since both contracts are highly correlated fundamentally. Hence the margin required is significantly lower compared to outright. Logically 2) very often when futures goes limit up...

0.5 tick size worked great for a long time ... so let's change it :D I see that all the time around me

I can't even increase size after making new equity highs! The drawdown always comes right after the moment I add more .. damn Murphy :D

IB is going crazy. I am not sure what kind of specialists work in the risk department but they must be really scared ... As an example the margin value for Gasoline inter-delivery spread Nov 20 - Dec 20 CME Exchange requires - 2,475 USD Gain Capital requires - 2,475 USD Interactive brokers...

IronFist if you are or want to be a daytrader / scalper I would recommend to look into range bar charts rather than standard time-based charts. The RB chart displays momentum structure, swings in much better details. You can easily define lower risk entry points in a market move. Simple momentum...

one day after getting some many hits, so many loses, so much pain ... you are so tired of that shit that you finally start following your trading plan without need to outsmart or tweak it. You just give up the fucking ego! This is the time when you start making money consistently. It won't make...

have been using SierraChart for almost 10 years ... never disappointed with CQG now seems a very good option

She sounds too vague. I doubt she lives off daytrading and I might be wrong :-D The reality of daytrading is that to make 5,000 drawdown or profit you can spent several days in front of your screen while when swing trading you can make the same amount and not sitting in front of your screen and...

Since I trade CME from EU it is located in Chicago .. I believe it can save some slippage cost since I enter using the market order on a signal trigger (half-automatic). So, over time the slippage savings could pay for the VPS at least :D But stability and availability is lot more important

The same way I cannot imagine running my platforms on my personal PC Now I have my entire trading business separated on a VPS near exchange while platforms are also installed in a "standby mode" and ready to fire on my laptop. This way my PC can blow up and I am still able to trade off my...

Risking 2% for me is too much while daytrading multiple markets from sunrise to sunset, in matter of few hours I can easily end up -40% drawdown ... 5 losses here, 8 losses there, 3 losses there now you have 16 in a row ... But if I daytraded just 3 trades per day (can we still call it...

I think it really does not matter to much eventually If you have an edge you can use 1:1, 1:2, 1:2.5 ... as you increase your Win% goes down in a linear fashion and losing streaks will grow. BUT it is also related to market you trade + timeframe ... some markets give 2.5R easily while others not...

Slippage drives me nuts really despite I know it is part of my daytrading system despite trading most liquid products out there My rule of thumb for the performance expectation is about 10% goes to commissions about 10 - 15% goes to slippage Now you have -25% (if everything else goes well) just...

what seems to work for me... 1) being able to accept the 'game-like' nature of this business ... it all just revenue minus cost in the perspective of average trade net profit 2) being super-consistent in what to apply in the markets day by day 3) being hard-working in preparation but effortless...