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Today, overtraded. And uncountable breaking rules, in the last hour. Main reason being I kept chasing shorts 'cos the system had high short bias today. The real good signal came midday for a few points. I should have stopped after an average profit day. But I chased the shorts in the...

Two trades today. Followed rules well. On the first one, broke rule and took profit on 1/2 position and left 1/4 profit on the table. Left the desk so I don't over trade rest of the day. Yesterday was tiring and unfruitful. Don't want another day like that.

7 Trades *DUH* System gave 1 long (4th trade) and 1 short signals. I tried to short the entire day not following my system. Missed the best short of the day because I wasn't at my desk (my system didn't catch it until it was quite late late) System had a long bias for the day, and I...

Thanks for the reminder. I belive I have found the answer and I am reminding myself again below : 05-24-08 07:07 PM

I was not suppose to trade today. But I did. Shorted while my system gave no signal in the morning, and stopped out for small loss. Missed the short during midday, and had to walk around a few times to tell myself I missed the trade and not chase. Plus, system was anticipating a late day...

Missed globex. Woke up right before market open as I was expecting yesterday's bullishness to continue. New lesson, possibly I should consider waking up earlier on reporting days. Today system had 4 signals, out of ordinary. First signal. Shorted at open. Small position since it is a...

Sorry, looks like I got the 50% wrong. I heard it from someone I trust, and I will go back to question my source now. So what's your take on my "Oil and S&P's relationship" question? PS. There's no need for all caps. Nimble

Lets use the 50 MA which quite a few people do. On the S&P, we had a few weeks of trading above the weekly 50 MA. We are on the verge again to go beyond that MA again. The MA was sloping down, but now it is flattening out. On the daily charts, using the same 50MA, we have been bullish...

What is the relationship between oil price and stock indices? I have heard both sides. Oil up=Stocks down, Oil down=Stocks down "Stocks" is referring to the S&P 500, and the reasoning is that profits of oil companies goes down if oil price goes down, and 50% of S&P is oil related...

schizophrenic is the perfect word for the market. I shorted over night, and stopped out. This trade I broke a rule, 'cos I am only suppose to day trade futures. One would think after yesterday's head fake, today we needed more time to test 1370 support :) Well... no. Second trade was a...

Hi RiceRocket, Do you now the behaviors of buy programs by watching the DOM? Volume or by some other indicator? Nimble

4 Trades today. Yes I tried very hard to short this damn thing. #1 Short was too early, followed rule, thus stopped out with a loss. #2 Long 1/2 size, followed entry rule, broke exit rule, took profit instead of trailing 'cos I have short bias. #3 Good short, followed rule, but not...

I did the "What type of trader are you?" test on Van Tharp's site as suggested in another thread. I am categorized as "Socially Responsible Trader" http://www.tharptradertest.com/socially-responsible-trader-solutions.aspx Focusing on Challenge #4 Need for Excitement, this article below on...

4 Trades. All shorts, all winners, all done before lunch above 1390, all breaking one rule in my system, and therefore all scalps. I was adamant on the short because it was a longer term resistance based on my "other analysis". And we had to test 1385 area again for any good up action...

I agree on trading only the "surest" ShoeShine. Boredom trade is one of the problems I have. I think I can get a hold of the boredom trades better these days. Another problem is I deviate from my system because I simply want to be in a trade all the time (afraid of missing). Today...

Futures options for ES is what I had in mind. ThinkOrSwim recently started trading futures options for ES. Tradestation offers futures options through RJO, but the trading interface is lacking I heard. Interactive Brokers also allows options on Futures. Unsure about its facility.

Thanks for the responses. I am mainly selling in the money credit spreads, one or two contracts. 1-2 trades a month. Won't be looking at it after hours. Options pricing model is out of my league. Interest rate has never been one of my options evaluation criteria. Always based on the...

I am used to trading options on the index ETFs, SPY, DIA etc. Besides, leverage and liquidity, is there any difference I should be aware of while trading options on the index futures? Thanks.

www.thinkorswim.com courses Don't try Schaeffer or the Optionetics stuff. I know people who attended and said they were waste of money.

3 Trades today. Two longs and one short, and all good trades in discipline sense. Point wise, you know the story. It was a zzzz day. I am frustrated right now, and in a short mode. However, market is neutral. Therefore no more trades today. If I miss this short, and the market goes...