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also, all profittakingfool (sp?) is saying is that he just adds to a losing trade (again with no defined risk). yes, that works MOST of the time. the problem is (as is proven mathematically), this GUARANTEES big losses when you are finally FORCED to take a stop. there have been literally...

"It's not the BIG one that will get you - it's the million little ones." maybe for you. but that's not been my experience in interviewing losing traders. and again, all the example you gave was a reason (poorly argued) to place a wider stop, NOT a mental stop.

carcanaques. great point. and much more succinct than me. if you don't have a stop you haven't defined risk. period. and a mental stop is only as good as your discipline AND the UNKNOWN RISK of all sorts of unforeseen circ's you are long 10 contracts monday, with a mental stop, when...

i'll repeat this for the studio audience. i am NOT REFERRING TO FLOOR TRADERS the title of the thread referred to EMINI's. EMINI's do not trade in the pit. also... the example i gave was one of many. what happens if you get a heart attack? food poisoning? etc. protecting...

"I frequently (aka daily) trade without stops in the current market. And while I am not the most agressive trader size wise, I am a consistently profitable trader. The use of stops, at times, can be very detrimental to individual trades." explain how. give an example. and if you can find...

"Absolutely untrue. My P/L headed straight north the day I stopped using stops. There are better ways of managing risk. Take a trip down to the CME floor and ask a floor trader where his stop is and he'll laugh at you. Successful traders don't need stops to manage risk. They have iron clad...

you also don't need to worry about a margin call if you are an investor that is not leveraged. i've certainly increased the long percentage in my longterm account (i had 40% of portfolio in long positions prior to christmas and now have 60% in long positions). again, depends on yer...

i keep extensive and detailed records of my futures trades. i don't which i prefer from a psychological or emotional standpoint. i can tell you that statistically speaking, over 60% of my trades in the last 2 months in intraday futures have been shorts. and, that my winning percentage is...

the idea of using a "mental" stop is idiocy. there are way too many what if's. what if your power AND phone line goes down while you are in a trade, and the market drops X points and you are helpless. what if... etc. if you are not managing risk, you are gambling, not trading. sure...

"I see no good reason to buy stocks at these levels at this time" for an INVESTOR, it's always a good time to buy (in other words, dollar cost average on a periodic basis). i've been doing this for 15 yrs, and it was the best thing i ever did. most traders lose money. most investors do...

"If you are buying on the bid and it is getting hit, odds are you are wrong on the direction anyway" utter rubbish. my methodology means that, on average i enter about 75% of my trades on a limit. and it works for me. it depends if you are trading "breakouts" vs. buying support or...

im in seattle area, and real estate is JUST starting to see weakness. for the first time. i sold a house in july 2007 that i had bought in 2000 for about a 70% return and i was happy with that. location, location, location. show me a 20% + drop in home prices here, and i will be a...

"You're fooling yourself. Because you have ABILITY trading YM you're in turn giving the product too much credit. For starters YM's tape is largely predicated upon ES turning. If you're saying you have a "system" that quickly says "buy 37's and sell 42's" then yes perhaps YM provides you a unique...

"If your not profitable with ES 0.25 ticks, 0.10 ticks is not going to improve your situation." simply false, and could only be stated by somebody who does not understand math. the shorter timeframe you are trading/shorter target/stop you are trading, the more advantageous a smaller tick...

"Someone please answer me this, IB used to state repeatedly that it doesn't include all ticks in its feed. " IB *aggregates* ticks. many data providers (like tradestation) don't. in VERY fast market (think FOMC) tradestation lags. IB does not. the advantage with aggregated ticks is...

omg! it's not that frigging difficult. if you can't figure it out on your own, go to IB and see if one of their educational videos covers it.

"you can trade stocks with buttontrader as well as futures.......i don't know how any IB user that trades frequently can trade without buttontrader" except many of the features you claim are exclusive to buttontrader ARE available and easily programmable through IB w/o buttontrader (or any of...

for me , scaling out works best. entering maximum size otoh is generally what i do. a nice thing about having the last segment scaled out is that sometimes a scalp can turn into a position trade. as long as it keeps going your way. i had a trade the other day that was intended just to...

"Listen up: The only thing that moves the market is: EARNINGS. Earnings are weak, market is down. That's all." false. any # of fundamental, news based or other factors can result in the supply/demand balance shifting. see: 911 see: london bombing etc. the point is that as a...

only losers whinge about "manipulation" the market can only move when supply or demand is in control.