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No sir. Once OEC is demo is up this week, i'll go over to velocity and use Xtraderv7 for another week or so then go live with them. Finally, some redemption today...went long and got out at 1327.00 -- +$350 realized for the day. setting up short position @ 1330.00, and exiting at 1327.00...

maybe futures trade? options/stocks used to mess me up big time.

not doing so hot today guys...out of three trades i lost one for a realized pnl of +$212.00 so far...WOMP WOMP :-/

stocks are esier to trade than futures? news to me. I hate trading options and stocks with a passion. you tell me a more liquid/volitile market than ES? ES, FX, and CL in that order in terms of risk vs reward for me.

the risk is about the same in terms of margin isn't it? and SPY is less liquid...

not if you play by the rules.

Thanks for that. A few questions if you don't mind: what does it mean to hold a contract over night? Isn't the futures market 24/7 minus the maintenance time for an hour? so a $5625 overnight margin would mean that I can't have any positions open at night because I only have 5,000 in my...

OEC told me that there is a minimum of $5000 to open an account and the margin to trade the ES-mini is $2500/contract. And there is a $1.45 commission to trade a contract per side. Am I totally off here? Please correct me if im wrong so I can call them and figure it out exactly. Thanks.

i thought you can only hold 1 position/contract with $2500. So i'de only have one position open... is that wrong info? I wouldn't trade 2 cars. I think ill go with 3%... although, i have only been in the red over $100 once since last week, and ive probably traded 30 contracts since then.

I had an 83.4% confidence level that it was going to hit 1329.00 at the time it did based on a calculation involving average market volume, volatility, and max/min for that time interval during the last two weeks. And it has been right 83.4% of the time. I have the day split into 2hr time...

but it looks like im throwing darts that land exactly to the +/-10minutes its luck though for sure.

hey guys... 1329.00 and about 3hrs after I said it would...

couple more weeks. and when i go live, i will not be posting here.

cool will check it out. thanks. alright gonna hit the books. be back later. hopefully it hits the ~1329 in the next few hrs

Cool so you think risk-management and studying the chart in real-time is enough for the ES? what are all these softwares everyone is talking about ie., eSignals, and tradestation etc...? What limitations am I encountering if i just use the DOM and the charts provided by OEC's platform??

cool man, thanks for that -- really informative and to the point. what does "chop and churn" mean? I only put it at 5% because $250 sound like something i wouldn't be devistated about losing. Then again, I haven't lost more than two trades in a row since I started so I might react...

latter. am in a spelling contest? autocorrect does it on its own, and i dont have the gumption to go back and check evrything.

its a matter of discipline and understanding emotion. I have two fears when trading: Losing more than I can afford, and exiting early. The greed is incorporated more in the ladder. My job is understanding that everything is mathematical, and not based on fear and greed. If i stick to the...

for example, right now i have a long postion open at 1327.25 which is giving me a loss of $25 at the moment, and i have limit at 1329.50 which it looks like it slowly going to reach. And it looks to hit within 3-4 hours. I have a hard stop at 1325.25, and ill let it ride. Trading after...

yah, it was based on the 1333.50 high. didn't know what fbo was. yah, i understand the risk of not having hard stops. But at this point im really just learning what my own personal threshold is for loss and gain. Im basically trying to learn my own trading psychology, and what makes me feel...