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Correct me if I'm wrong, but your "real-time" updates indicate that you pulled your stop on this just as it hit your stop to the tick then moved up from there. Then you put the stop back on. Your "real-time" update to pull stop was at 9.36am . . . ES hit 1103.5 stop at 9:34am. (Stop was...

A few additional thoughts: 1) Targeting liquid stocks with higher prices tends to also help (requires fewer shares obviously) 2) While there are times when signals are given on a number of stocks all at the same time, it's still relatively easy to put on quite a few trades more than...

Understood. I only meant to suggest that a target that is 2x ATR is harder to hit than one that is say 1.4x ATR. Of course, then you need to decide how far back you go to calc the ATR (since open, 14 bars, 1 bar, etc). For example, the ATR for RIMM was .19 if you use a 14 bar average...

DT3, I personally think your idea is worthwhile to incorporate if it fundamentally makes sense in your brain and it suits your beliefs and style. My personal belief (which can only be proved/disproved with sufficient backtesting and/or forward testing) is that it won't change the overall...

Lescor, How would you explain best why you had such a large exposure Friday? - A larger number of OPG orders than normal, and then they go in your favor right away so you start out and stay long with a relatively large position? - Multiple systems firing long signals repeatedly? -...

A few other things to keep in mind: 1) If you have aspirations to trade bigger size and potentially more symbols concurrently at any given point, then "reading the tape" will drive you nuts and won't be a plus to your overall plan 2) I personally move stops to B/E under the same...

Indeed I snagged a fill on TSL below 17 and took several pennies slippage. I was comfortable using a sell stop in this case because I was looking for a LOD breakout and it plowed right through as expected. For the record, this trade was an add from a previous entry of 17.19 (I used a stop...

As part of my plan, I do not go long until a higher-low is put in after a trendline break, so I personally would have entered on your chart at the next higher low if the market was in tow. JS p.s. fwiw ... If your setup is a DB and a gap up (rare find), then go for it, but I'd be very...

I'll be sitting in the corner, waiting to be sniffed :)

That's the best way to do it!

I'm sure geez and puddles will edit me here if necessary, but target should be at least 2x risk. If prior resistance/support presents a target beyond that, then there's no problem with taking some off (2/3, 3/4) at the first target and trying for the second target with the balance. We all do...

Good trading Blox! JS

So, you won one and you lost one. With 1:2 R:R, looks like you came out ahead then. Nothing wrong with that. Nice. JS

You should probably risk as liittle as you can while you are working on your "demons". Trade small as you can. And don't add other instruments because of one bad day. Keep going . . . 5 losers in a row should have been expected and part of your plan. JS

And how much would this theoretical trader make with a $30k account? $10k? $20k? $30k? $40k? $50k? $60k? $1 mil? And don't reply with . . . "if you don't know the answer, then you obviously don't have the skills to understand the answer." Serious reply requested. Thank you. JS

Two points and i'll leave it alone . . . 1) My point of view (backed by empirical evidence) is that everything changes eventually and you have to adapt, so I don't believe the 30 years is cumulative like you and a few others are suggesting. If you were to rank all profitable market...

Wilt, I shorted BP . . . first time in a long time I put on a sizeable trade based purely on gut instinct. But like many things where the government is needed to help solve the problem, the problem is most likely underestimated and will take longer to solve than anticipated. I heard a...

First of all, the whole 30 years thing is silly. I held senior and executive positions in my industry in my pre-trading days. I was no smarter in year 20 than year 10. Everything changed. If you're good, you're good. 20 or 30 years merely suggests you have the intestinal fortitude to do the...

Not sure why my honesty is called into question, I didn't claim anything on my own behalf. I'm trying to get where other traders I know already are. I had a very good year last year, but it wasn't 80% . . . so I'm realistic I believe - didn't realize how crazy I apparently am :). This...

Ok, I'm not grasping this much either . . . I've been moving from the NQ/YM to stocks over the last month and this isn't something that has been apparent to me. Lescor/Dustin, are you saying that you simply prefer RTM in these cases . . . or would you go as far as to say it's a much better...