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The above quote sounds exactly like what I've been telling Hitman and SK many posts ago when SK was going through a slump. Apparently Hitman does listen sometimes. He just doesn't like to admit it b/c that means admitting an obvious weakness in his game. It's easy to talk psychology &...

I've had the reverse situation happen, where IB received a bad tick that triggered one of my stops. If the stop order lived on Globex and not at IB, it would be less likely that my stop order would have been hit (and if it did get hit, many other orders would be executed as well). Then there...

I don't need people to give me "top ten rules in trading" (everyone know them already and everyone still break them otherwise you wouldn't have down day's nor losing streaks) I tried to give you advice when I explained in several different ways that each individual trade has its own...

When the nq spiked the other day it didnt even take out my .23 stop on the QQQ. Easyrider, just as a side note, that NQ spike was a very rare event. I can't ever remember an NQ move of 60 points in 30 seconds that was not a major event that affected all other indices, stocks, bonds, and the...

Sarasota, none disrspect taken. I'm willing to give any method a fair shot, regardless of the vendor claims behind it. (I just like to raise red flags to protect the innocent.) Perhaps you could post a couple trades as they develop?

So if you haven't taken his course, how would you know what its about? I took LBR on her word when she said that her WW chapter covers "all you need to know about WW". This was corroborated by another trader who works with LBR. Whether LBR or this other trader took the actual course, I do...

Read the WW chapter in LBR's Street Smarts. She claims all there is to know about WW is there. Besides, WW are just broadening patterns. Review your Edwards & Magee and lookup "backward triangle". Last I heard, Bill Wolf sells systems and his son Brian sells cars. If WW worked you think...

From another trader: Apparently a globex clerk typed in 2000 contracts to buy when he was supposed to type in 200 contracts. Originally they thought someone hit the wrong key and bought the book (which the Globex terminal provides as an option). They made the high in the pit 39 but ruled...

I.e., say you're short and you want to put a stop at 1641. So put the stop there, and place the limit at 1645 or something. Most likely, you'll be filled at 41 or 41.5 or something, but in a case like this, you'd contain your loss. The problem with stop-limits in exiting a position is that...

mgkrebs, nice one. I had a limit order in but didn't get fill until after the fireworks. I was in the queue 10m in advance but stop orders had priority. At least I didn't have a buy stop go awry... 40-60 pt NQ loss would've hurt...

Even if you had a limit sell order in to exit at a profit target, you were not likely to have been filled > 1640. The move lasted about 30 seconds and most fills above 1640 were in a 15 second window. The volume > 1640 was around 200 compared to 5,146 total volume for that 5m bar. I was...

SK confused you with Dottom, who I believe is a newbie trader working for a competing firm but talked very big on our threads, asked a lot of high horse questions. Hitman, I am not a newbie trader and am not looking for a firm. You emailed me thinking I was at Andover and invited me to...

The best way to learn to trade before you are done with school, im my opinion and personal experience, is to play lots and lots of poker. Play poker with your friends in high school. When you're 18 go to the local card clubs. You may have to get a part-time job at first, but if you get good...

Have you ever tried to trade the day without an open view of your p&l??? You are making descions based on it as if the market knows how much you are up or down... I asked Stockk and Hitman the same questions and have made a few posts explaining the individual expectation of each...

Sure would be nice if this was all black and white, but if it were then I guess everyone would be doing it perfectly and there would be no market Magna, I agree trading is not black & white, it is probabilistic. This game is all about probabilities. My point is too many people look at the...

Again, while I agree in theory, unless your strategy has proved consistent over a long period of time and a wide variety of market conditions, an extended string of losing trades will put the fear of God in just about anyone. Magna, why would you trade any methodology that has NOT been...

Let's put it this way, do you really think someone making seven figures a year gives a crap about a newbie trader? I thought Stockk and the gang were trained by a trader making 7 figures. You seem to think very highly of your team, they must've learned something from their former manager.

Now, trading the way we do, if we got killed in the morning, it was probably because the market was flat or very choppy, if this was the case, they usually reversed in the afternoon and trended nicely and vice versa. That's why sometimes we make our comebacks in the afternoons. In this case...

One thing you have to understand, it is not how many trades you make that counts, it is how much you get out of your trades that matters. One guy might have to make 10 trades to make $500 and some other guy will make one trade and make the same amount of money. I don't know about you, I would...

Bottom line, if I halfed _my_ comission, I would make 50% more in profits!! This would be true only if your net profits-to-commission ratio is 1:1. If it is greater than 1:1 then the overall effect on your net profits would be less. Most scalping methods are around 1:1. I would also...