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    not exiting losers on stops

    Jack, that last post actually made a lot of sense to me. I've been studying all day and realized I am getting too jumpy on my exits. I don't trade PM's right now because of my job, and also I think am's are way easier to trade, with big trends most of the time. Despite my cockiness(gimme a...
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    not exiting losers on stops

    GG, sorry to get off topic! I like your idea of not waiting for a stop to be hit. A lot of times I will get out of a trade early if it isn't moving my way very fast so I guess this is kind of the same thing.
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    not exiting losers on stops

    Good ol' jack, he can turn any thread into a discussion of metaphysical mumbo-jumbo. To clear things up, I graduated from a state university with a 4 yr degree, not a business school. I guess I am a loser because I only have a few setups and can't trade every move, all day long, picking up 3x...
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    not exiting losers on stops

    I set my stops so that I get out as soon as what I think will happen is proven not to happen. Say I am trading a pullbkack. I wait for it to start rising before I buy. Once it starts rising, it shouldn't drop below the lowest point of the pullback, or it is no longer a pullback. I think...
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    2nd Income

    I'm taking a job(most likely) in a month as a housekeeper for a wealthy couple. No bills, apartment in a mini-mansion in a ski town, they will even pay my auto insurance and buy my food. I get paid on top of that and all I have to do is work mybe 20 hours a week. They know trading and skiing...
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    ES daily calls results

    Dbanks, it looks to me like you are using some sort of momentum indicator to trade with the trend. Not a bad strategy. Looks like it is working well for you, but too many trades for my taste. Good job!
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    Baggerlords Journal

    I am 20 yrs old(21 tomorrow), just graduated with a degree in Biz admin. I've been running a coin biz for 5 years, been living off it. Got sick of coin people so quit that and am using the coin money to trade. It is going well. Right now I do odd jobs for rich people and in about a month I...
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    anybody successfull with breakouts?

    this thread is pretty useful. http://www.elitetrader.com/vb/showt...&threadid=18626 The method worked for me, don't use it any more because I enter these trades sooner now, but it is a good one to get you started.
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    Shorting with J-Trader

    What is this dome thingy? I use J-trader and never noticed it. I don't like all the multiple windows either.
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    S&P 500 looking very toppy

    the big picture
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    Baggerlords Journal

    Hey guys. Just got off work. Jack, I don't trade off the Keltners, they are just there to draw my attention to trend, breakouts, etc...I just like them better than standard MA's and such. I trade off the 1 min chart too, but I use the 3 min to get the bigger picture. I'm pretty happy with my...
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    Baggerlords Journal

    On trade 1, I would have traded it as a pullback but I was having chart problems and didn't see it unil it was breaking out. From now on I will post the days chart on the same post as the trades. Trade 4 I am not so proud of in retrospect. It was against the trend and this is something I am...
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    Baggerlords Journal

    1. Short 9164 +18 Breakout Cover 9146 2. Short 9165 +13 Pullback Cover 9152 3. Long 9142 +5 Divergence scalp Sell 9147 4. Short 9138 +5 Divergence scalp Cover 9133 Day total +41(YM)
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    Baggerlords Journal

    I have been trading futures for a month or so, just starting to make some money. I have a variety of trades I like. I learned most of them here and have kind of melded them into my own system. Here are the threads that have really helped me out: JR's breakout trade...
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    The Stochastic Indicator

    OK I will let this go. If it works for you, great, not my business. Sorry to disrupt your thread.
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    The Stochastic Indicator

    Well geez, if you all are making 10k a month a contract I should definitely get lost, or I will have a gang of millionares putting contracts out on me! This is such a load of crock, somebody post something showing they are making anywhere near that(or anything at all) and I will be gone...
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    The Stochastic Indicator

    I don't suppose you would be game to post a screenshot of a statement or trading log for the day, would you? Then I would certainly eat my words and be gone from this thread forever. 10 pts a day =$10k per month per contract, right? That is super!
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    The Stochastic Indicator

    SO Jack, What is that limit? It seems like every time a tough question like this comes up you can't give a straight anwer. Why not?
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    The Stochastic Indicator

    I have read this thread. I started reading it when I was new to trading, and kept reading it all the way through. I make money now, and do you know when I started making money? It was when I stopped trying to decipher Hershey and follow these methods, and started listening to traders on here...
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    The Stochastic Indicator

    You get out your crystal ball, and look reeeaal hard.
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