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Buy 5 er2 @ 780.50

Short 5 er2 @ 781.60.

I apologize for the absence. I took a planned vacation, but thought I would have time to make a few more posts before taking leave, in which I would have told you. It didn't work out that way. At any rate, I'm back! Try to post some real time calls today, and perhaps some other thoughts as...

1) Don't hold overnight. 2) No reversal signal. Thanks for the interest. QT

In the middle of that ER2 trade, btw, I managed to eat supper with my family. I wasn't too nervous. The markets were in an obvious up-trend. I checked every 10 or 15 minutes to make sure no major changes had taken place. After dinner, I also had some time to spend with one of my sons, which I...

Often I see people saying "The entries aren't as important as the exits/trade management once you're in the trade, etc." For me, entries are critical; exits less so. Let me explain. If you can find "pain free" entries where the market never really goes against you, you're in a position...

Having that hard stop in this morning (I did not put it in until just before, or after RTH) was a sort of 'eureka' thing for me. My wife, who knew about that position, and asked me how it worked out later in the day, pointed this out. As I wrote above, I tend not to use hard stops. I'm...

Sold 1 ES 4:14 @ 1310.75. -$37.50. Just in the nick of time -- I could have lost another 3 points if I had hesitated. (BTW, I hesitated until this point, and missed 1311.50 and 1311.25 as a result. Total for today: $3802.50. That last trade demonstrates why I enter 1 contract to begin a...

I know this is way after the fact. It is also going to seem far fetched. However, I offer no apologies. Last night: Long 3 ER2 @ 756.50 Covered: 2:10pm @ 769.40 Profit: $3,840 I put a hard stop (contrary to what I wrote above) .1 below the low of the evening, 756.00. Needless to...

Another 'eureka' moment for me was when I realized I trade far better when I start my trades with only 1 contract. I'm never scared to put down 1 contract, and once I'm in, I no longer have the fear of adding contracts depending on how the trade is shaping up. I'm more prone to scale-in to a...

Another thing I try to do is reverse-engineer what bad traders do. We all know people that have blown out their accounts. It's really not that hard to do. Just keep holding on to your losers, and sooner or later, it'll happen. If accounts can consistently be blown out -- why can't they...

Obviously, trading is about finding (relatively) low risk trades with potential for decent profits. I'm not much of a mathematician, and I don't get caught up in the 1) system testing, 2) risk-vs.-reward ratios. I know that for some this is akin to trading-herasy. For me, I just take each trade...

As you can already see, I am somewhat disorganized and tend to jump aimlessly from one subject to the next. In this way I have a complete lack of discipline. Sometimes my trading is like this too. But then again, often the markets are also like this. I think that's one of the reasons I...

I don't have much of a social life. Very few friends. But no enemies either. My wife and kids are more than enough for me. I guess you could say she's my best friend. Who's got time for socializing at this stage anyway?

Many don't believe this, but my desktop computer is a Pentium 3 800 or something like that. I take a minimalist approach to the 'stuff' I install, and to this point I've never felt the need to upgrade. It works great for me, and the thought of setting up a new computer the way I like it keeps...

At this time, I use only 2 screens. On a laptop to my left, I have a simple quoteboard of all the contracts I follow, even some that I don't actually trade (eg. Bund). I follow them, because I do a lot of inter-market analysis. I can see the laptop out of the left side of my periferal vision...

It was not my intention to belittle anyone. I did not see what seems to have been your original post--I hope it was not derogatory. I'm not looking to pick any fights. I apologize if my tone came accross as condescending.

I simply don't have the need to have tons of money in my account. I can do what I need to do with a minimal amount. I suppose that a 'black swan' event could 'wipe me out'. As I said, I'm very conservative when it comes to letting a position go against me. And anyway, what's the difference...

I sometimes trade odd hours, as I'm in a different time zone. It's night time for me here. In the currencies particularly, the overnight market provides some good opportunities. My platform: X-trader. My charts: Ensign. Data feed: DTNiq (or however you spell it). I would never use...

4:15 Sold 16 ZB @ 110 2/32. Profit $1,000 (even). Total Profit (for this thread and today) $2,500. Thankfully, I never took any heat on either of these trades. That's how I like them.