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Down 10+%, but I think people will jump in around 300-310 for sure. I'll have my buy orders set around $305, just in case it gets down that low. I feel sorry for all the people who have trailing stop losses on that stock, a lot of people are going to get stopped out. As to AAPL's long term...

The government changed their definition of "inflation" and the metrics they used to calculate it, which is why we don't see inflation in the government statistics. Somehow, in the last 10 years gas has gone from $1.20 to $3, and it never figures into inflation statistics. Now food prices are...

50 cent already made something like $300 million from his investment in Vitamin Water before it got bought by Coke. I don't know why he is wasting his time with this penny stock crap, it would be funny if he got busted by the SEC for what he did.

For sure the best trades that I have are the ones that finish in less than 2 mins. I think statistically that's the sweet spot for my trades. But it seems as though over the last year, it has taken longer and longer for the trades to develop so I've ended up taking more heat before getting a...

I have a handful of different strategies I run, usually just looking for really short term momentum and I try to scalp about 2 pts on the TF, or the equivalent in corn or soy. I use something similar to the ATR to help me figure out how many points to scalp, but the low volatility of the...

I have a hard stop and hard target once the trade is activated, but if the trade goes my way a certain amount, then I move the stop up, to limit my losses. I've found that this is more profitable than keeping a steady target and stop. However, I found that by increasing my stop slightly, I...

Week 2 TF: 1 win, 4 full losses Corn: 2 wins Soy: 1 win, 1 break-even HSI: 2 wins, 1 loss Total: 34739.44, down 4443.92. -11.3% for the week, -4% YTD Wow, a really brutal week for me. 4 full losses in a week for my TF is statistically improbable, the 2nd worst week in 4+ years...

Thanks Robert. I agree, total honesty is something that will be really helpful, especially after I go through this in a couple of months to reevaluate my progress.

Thanks for posting this. I had no idea they were going to change the hours. Currently, the markets open at 10am, and the futures pre-market was from 9:45am to 10am. Is this correct? Now the futures market will open at 9:15am and the stock market will open at 9:30am. Great, this will...

Awesome! I hope you have great trading for 2011!

Thanks, actually this is my New Year's resolution. I've found that I kept thinking too negatively and ended up doubting that my trades would work, so I ended up cutting my profits short. But going over the theoretical results, it would have been awesome so this year, I'm determined to see the...

Week 1 TF: 3 wins, 2 moved stops. Corn: 2 wins, 1 loss, 1 break-even. HSI: 2 moved stops. Total: 39183.36, up 2991.13 (+8.2%) Overall, a lucky week for me. 3 wins in a row on TF is nice, my system usually produces 2 wins, 1 loss, and 2 moved stops per week. This is the strategy I...

Inspired by neke's thread, I've decided to try to start my own journal. I'm not sure I will have neke's level of dedication and honesty, but I hope I do. I think it will be a good way for me to keep track of my efforts. I'm a terrible discretionary trader. I know this about myself, because...

For the record, I read this blog multiple times a day, and remember when they posted this a couple of weeks ago. Market sniper is a key contributor on the site and both the blog as well as market sniper are reputable. I'm 100% certain the story is true, there's no reason for him to lie.

I'm new to trading ags, so I was just wondering if there are any time periods of the year where ags are in a quiet or slow period? I have traded corn or soy, but if there are slow periods, then do they extend for the other ags like wheat, etc?

I've read him on Zerohedge as well, and I don't really take anything he says seriously, but for the record Geithner did invite a bunch of bloggers to talk with him a couple of times, so he might have been a part of this group. Yves Smith from Naked Capitalism mentioned that she went at least a...

Which broker do you use to trade KOSPI futures, and where do you get your quotes?

Neke, in your opinion, what do you think changed in the last 6 weeks or so? You spent much of the year going back and forth and taking a string of losses just before your dramatic turn around. In your view, what do you think has lead to this recovery? Was it a change in strategy, tighter...

I guess it depends on your system. I have extensively backtested my system, and the purpose is to give me confidence that I actually have an edge. Obviously, it won't tell me if the system will break the day I start using it, but there's no way I would be able to stick with a system through a...

I'm not exactly sure what you mean. Do you want to backtest strategies based on indicators, but want to use intermediate values of a candle? If your strategy is based on the 5 min candle, how could you get consistent analysis if you randomly took values from within that candle? I would assume...