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Partial profits reduce your expectancy (see Van Tharp's Trade Your Way to Financial Freedom). It reduces your profits and leaves your risk the same (loss between entry and stop loss). I use CQG. Bar charts with the little tics for the open and close of each bar. 5min, 15min, 60min, and...

Yes, no one ever accused the T-note market of being exciting. :D I sold the notes after the prices paid ism component came out (near the bottom of the range) and the notes continued to march south. I was surprised at the strength of the move, but I'm not complaining. Glad you got your feet...

No, those types of rumors tend to make there way around the floor the morning of. Also it's a holiday here in the US; everyone is out of town or having a barbecue.

I'm staying out of it on Monday. A holiday in the US and the UK means very thin trading.

There are usually only big spreads in the T-notes before big numbers like the non-farms and FOMC decisions. But if the number is out of line you can still get a good fill and be in the profits right away. Keep in mind that I get the numbers as they come out, but even with a slight delay you...

When trading 10 yr notes on a number I send off an order as soon as my brain has processed it while I'm still looking at Bloomberg. The exception is the Michigan number because we get the conference call, but the goal is still to send off the order immediately. When trading the currency...

If you have a small account then you are stuck with retail fx, Hotspot (never used them & don't know much about them), or you can trade futures (especially if you only trade the majors). If you have at least $250,000 then there are other options to look in to like Currenex, FXall, FX Connect...

Yes, really! But after the first 50 mil or so it would become a way of keeping score and not a means to buy additional things.

Bullsh!t I would be much happier with $476397659375. :D

I work for Refco Trading Services (Macfutures re-branded after Refco purchased them). They are a prop shop, not a retail broker, and do not offer remote trading. No clue about the 1st 100 free for the e-mini. If I had to guess I would think that this is an exchange thing that was...

Good points mostly but my family has always expressed concerns about my trading and will undoubtedly continue to do so even when I make more in a year than each of them has made in their entire lives. Some people just can't understand risk taking and think that being a part of corporate america...

and LTCM was run by a bunch of smart guys too. Shouldn't this thread be in chit chat?

I trade 10 year notes on some of the #s. Transaction costs (fees & comm) per rt: # of RT per month <5K 5-10K 10-40K 40-100K 100K+ CBOT $.62 $.58 $.54 $.50 $.42 Bunds E.88 E.84 E.76 E.72 E.64...

Yes, I'm a couple time zones east of you but the hours still suck. I think that eventually I will trade from Europe.

Yes, trading short term is not for those who need to be right most of the time and not for anyone that lacks discipline to cut their losses. You have to treat each trade independently and stay in the moment (except if you start having a string of losers; them you have to ask yourself if you are...

I don't know of a source where you can get this number. For the US numbers, at least, it never seems to be right so I wouldn't worry too much about it. I use it as another piece of info to gauge what traders are looking for--but that it pretty much its only use.

I'm catching up on reading Baruch's journal this morning and I see I missed something here. You also have to watch out for the revision to last months number. This is especially important if it was out of range. If so people will be wondering if the number was wrong. For the above example...

My transaction costs are $.60 to $.80 per round turn depending on if my firm qualifies for the volume discount at CME that month: CME fees for members are $.20 per side for less that 150,000 contracts & $.10 per side for 150,000 contracts or more. My costs will come down in the future as I...

Probably something to do with the fact that retail fx shops take the other side of your trade and are the ones that supply the prices. They can manipulate the prices within a few pips to give their customers bad prices (good prices for the house) and they don't want people scalping against...

I just sent an e-mail to an ET member and when I clicked send the following page appeared: "Password Recovery Form You can have your username and password emailed to you by providing your email address. We will then email the username and password info we have associated with the email...