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increase, Don't try to copy John Carter's setups. Its a nice book. I have it and it could help you thing about stuff and generate some trade setup ideas. However DON'T use Carter's setups. Sim them if you really like them but personally I don't think they are as great as he makes them out...

commission is 1 tick. Spread is 0-1 tick as I exit at limit order always and sometimes enter at limit. considering the narrow range the YM has been trading at even 10 pts is alot to make. I am open to hear your ideas about how you trade the YM. Please post charts and trades :) thank you...

YM has been really messed up the last few days. Been struggling to squeeze something out of it. Stay away from it until you get a stronger trend going.

Since the short didn't work, I decided to give a long a shot. got in at 10534 with 10544 tgt. The fxxxing market went to my target twice but didn't take my contract. ARHHHHHHHHHHHHHH. So as time was passing by I decided to exit at 40 for +6. Of course then the market moved up to may target...

Week not turning out so great. took a -10 on the short of the first pullback. I guess the only clue was that there were 5 consecutive up bars before my entry. Taking note of that for future trades.

I know its tough but try to sim as much as you can. If you can make money in sim then you will make money in real. If you lose money in sim then you will lose money in real. How about trying to find a middle ground? 1 day real, 1 day sim. Also, you should save every trade you make and...

yeah, i try to trade everyday unless its a local holiday or something comes up and I can't trade. My target is 80-100 pts a month which I think is attainable. I'm getting more and more comfident day by day. Plus trading only 1 contract keeps my loses small while I'm still developing my...

Not a good trading day for me. I should have realized after my first trade that the market this morning was going to be messy. I dropped 10 pts on the first trade. On the 2nd, it didn't start to pick up so I bailed for 0 pts before the crude inventories number came out. Then in my 3rd trade...

getting out -3

bought 10587

scratching trade. Out at 10577

long 10577 +/- 10 tgt/loss

stopped -10

shorted 10570. tgt 10563

Inc, Never overtrade. If you have 2 losses then quit for the day. You will just add more losses as you are not disciplined enough at this time in your trading. You say you lost $348. Can you break it down? eg. 3 losses of $100, 1 of $48. Please post the YM lost as we may be able to...

With no news today (same as yty) and the tight range yty (most of the day the YM was within a 30 pt range) I entered the day cautious. I felt the market was a bit overextended and had a bit of a bearish view. The S&P is around 1% below the daily yearly high and I don't see what is going to...

IMHO, your journal is a little annoying as it looks like you are not posting a real journal but an ad to sell something. You show trades of 3 stocks not mentioned anywhere else therefore cut the list of stocks in your posts and only talk about the stocks you actually trade. No one here cares...

Its not a system/mechanical approach. While I do watch the indicators shown, I also watch the price action on the 5min, the news and reaction to it and all the important support/resistance levels. So it's not as if I look for an overbought or oversold and take the trade. I make a judgement of...

I only trade the YM (Dow e-mini). $5 per point. So if you make 10 points that's $50. I prefer it to ES (although I haven't traded the ES) because 1 ES point = 10 YM points but 1 ES point breaks into 0.25, 0.5, 0.75. The more broken down the better I can manage the trade both on the profit...

good man. once you focus you will see that you will develop a 6th sense for the contract.