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thanks for the reply, and it sounds like you have a filtering basis (personal calculations or realtick filter) for gap amounts in cents or percentage. sounds like a good idea for NAZ issues, as you can have a solid reward relative to risk. YHOO on the open today, was actually pretty simple...

sobemark, thank you for sharing your counter trend trades, and method. it has sparked some interest and ideas for me. was there a reason you did not follow and fade YHOO on todays gap up? i guess this leads me to the question: how to you screen for your issues? do you have a mechanical...

Keep in mind that IF you making a vist to Vegas, or the local Indian Casino - and you are a newbie YOU are not going to be sitting down at the NL tables to play. Nevertheless, I have found the play at NL SNG very different than fixed. I am still learning my niche at Hold'em so I am not as...

Sounds like you are the right step working on not having money be an issue/demand. I can not stress enough how important that can be with respect to mental stability. IF you have pressures for money, you can not detach yourself from the P/L window. Turning to ET to align with fellow...

What I did when I started out as a FULL time trader and I would not change how I started. None of these things actually have anything to do with software, knowledge, approaches ... 1) Align yourself with fellow traders. I strategically located to a NEW CITY and NEW company to trade in an...

My fault with repsect to the initial breaking of the rules. I missed that on the thread. Obviously that is a mental mistake, and needs to be addressed on Surf's behalf. All the best, Patrick

What is tuff at the moment for Surf is that the market may make a turn in here this week or next but at what price level? Having the line in the sand, is a must and Surf may have to take it. Yet, there is NO problem with the trade because he is sticking to his trading plan and rules...

The responses follow: "Rather than put a hedge on at day 3 if the position is not going in your direction, why not just exit some or all of your position?" Swing trade was taken purely on TIME ANALYSIS and I am waiting for time to expire. "Then, at the point where you have said that...

A quick note; When I being the hedge process on a directional swing trade based SOLEY on TIME ANALYSIS and the trade is working against me INITIALLY (and I have a few more weeks for TIME to expire)... I have LEARNED to always always start it off and IF adding to it WHEN THE MARKET GOES...

MS, I sent MS a private message regarding the basic premise behind my hedges IF I take a directional swing trade based soley on TIME ANALYSIS. Here is a part of that PM that he thought would be good for this thread: So, when I am taking a swing position purely based on TIME, I have a...

MS, I just wrote my input on the hedge and some how deleted the entire post. Arggggg...... Anyways I will PM you my basic rational next week. Thanks for the awesome journal. You have sparked many ideas for me. Patrick Q

Hello MarketSurfer, I was wondering IF you have given any thoughts on your system to have a POINT whereby a hedge can be applied (or partially applied) as a function of TIME and PRICE rather than strickly having a TIME component to your system that invalidates or confirms your trade? All...

I am very happy for you that you are making money day in and day out. However just the thought that you will be able to do what you are doing FOREVER is such a sign of inexperience as a trader - it is almost NOT worth pointing it out to you. Keep hammering away and TAKE as much money as you...

V, Just want to know, if those rates will be signed into a contract so that in a month or so time, the rates does not jump. Also, would like to know about the firm's privacy clause with respect to sharing what and how traders trade at the firm. I hate to look at the negatives, but in...

Hi Tony, I too am going to stick with my original envelope width. I noticed last month I tightened the envelope TO increase the fill rate. BUT the success or win rate sucked. GOOD to know, another trader is thinking the same. All the best, Patrick

astocktr8r, I was using PP for enveloping in late Jun - early Jul. I stopped because I could notice a difference with the NEW users in PP in the market. My fill rate during the day with envelopes obviously dropped significantly with everyone doing it. I was enveloping 50 stocks, but I...

I am looking for additional insight on ways other traders add to winning positions (primarily for swing trades). Currently I have been using a basic approach whereby I am adding a UNIT for every 1 x 10 day ATR (average true range) that the price goes in favor of the trade. I am also...

Preperation for change is the precursor for adaption and change to the given climate... Along that line, for those of you trading listed and depend on the role of the Specialist .... I would start to prepare TODAY for in years to come - that role could be HISTORY. PQ PS> Thanks RAMOUTAR...

Most recent net profits in OOs for me: JUN - $5459.80 JULY - $6405.20 AUG - $2823.28 (2 weeks vacation in Hawaii - so only 2 weeks trading) SEPT - $9 bucks net! JUN and JULY are basically AVG numbers for the year for me... Anyone else? Patrick

So far, this month as been difficult with OO's and it looks like it is going to be my first losing month this year. I have also cut back my size by 1/2, and will try and grind it out. Unfortunately I have been having data issues with ECHO and I have been hit hard each morning that I have been...