Search results

I kept trying to fade the rally; lost all my profits for the day and then some. I guess we learn from this to never underestimate the lack of standing orders on a Friday afternoon.

Alright, I'm going to call it. Lost another 400 bucks today. Thanks for reading everyone.

Today: 16 R/T $(100.00) before commissions $(190.24) after commissions Total: 83 R/T $(75.00) before commissions $(543.12) after commissions Plus I have a cold with a major sore throat too. All I can say is, thank God for ZB and ES today.

Wow! What a day. Experimenting around with my strategy and fighting a strong trend, I didn't really expect to make a killing, but this is kind of discouraging: Today: 23 R/T $(475.00) before commissions $(604.72) after commissions Total: 67 R/T $25.00 before commissions $(352.88)...

When I think about what I have been doing, I can't deny two observations: 1. So far my profit is about one tick per trade before commissions on average, and 2. Almost every trade I enter into gives me a chance to take a 1 or 2 tick profit within a few seconds. So why don't I lower my risk by...

Yes, I guess I would have to admit to that.

I thought this question would eventually come up, and the only honest answer I can give is, I don't know. If I did, I would write a computer program and have it do the work for me. The closest I can come to describing a typical entry is, when three or more levels of bids all but evaporate...

The thing is, charts are not really that important for my entries. It's not like I see something in the chart and decide to enter into a position. I only look at the chart to determine the general price level I would be interested in and then watch the booktrader window to find the actual...

Thank you, Pabst, I feel honored. To tell you the truth, even at the risk of sounding amateurish, I can't imagine a platform that would provide significant improvement for me at this point. Maybe that has something to do with the fact that I have never really scaled into or out of positions...

Today I don't feel so good; too much sun and too much toxic food yesterday; it sure was tasty though. I didn't even get up until 10:00 and started out by going long into the selloff, why I don't know; got stopped out three times. I loosened my stop by 4 ticks on one occasion, but the...

Alright, this is getting just a little bit too slow for me now. I'll call it a day. I think I'm going to go for a walk on the beach or catch up with the paperwork I have to do in my function as a slave to international bankers. Here are the numbers: Today: 11 R/T $275.00 before...

Well, well, well ... Looks like we're trading in slow motion today. I expected as much from a holiday. I was really lucky a couple of times and had really bad luck a couple of times. I guess they canceled each other out. For your entertainment I will let you know that I sold at 1.1793...

EPrado and SethArb, Thank you for your advice. I realize IB will most likely be making more money than I on this, I am also going to have to find out through trial and error exactly how bad a jump on news can be. Computers are faster, but that does not mean they are better scalpers, but I...

IB unbundeled commissions, currently $5.34 including all taxes and fees, if I am not mistaken. Thanks for the suggestion! I just checked, and indeed, on a 15 min bar chart, the one big loser I had today doesn't look like a good entry at all. I think I'll start looking at 15 min for...

Wow... I just looked at the charts. It's not a section 1256 contract though, is it?

Thank you for the information. I'm already watching the volume on both contracts, just to make sure.

Yes, 6EZ5 until the March contract becomes the most actively traded one. By the way, I have no idea when that will happen. Does anyone know?

Since the NYMEX has all but annihilated the fun in QM, I'm now considering scalping Globex Euro FX futures. I just did about a dozen roundtrips, and I just about break even after commissions. Here's what I plan to do (and have been doing, except for one little SNAFU when I was fiddling...

You make a very valid point, but on the internet, developments can happen quickly. I still remember how I started using google when Yahoo was down for several minutes in early 2000. Back then, nobody would have thought google would one day dwarf all other search engines. Anyway, I know it's...

Most of you are probably only casual eBAy users at best. I use it a little more, that's why I got this piece of "inside information": They have just forced upon their users a completely redesigned "My eBay" page, whose obvious purpose is to make selling on eBay so difficult that sellers will...