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IMHO futures trading is a lot tougher than stock trading, simply because you are trading the vehicle that leads everything else, almost all stock traders look at futures for confirmation and the time between a future move and a stock move can be priceless for the trader. With futures, you are...

MER and MWD are among the toughest brokers to trade, try GS if you want a large cap broker that is liquid and a little bit easier. The spread can be very big at "pivot" points. For example a stock hitting say 50 with size and finally he cleared all the sellers, futures breaks out, bam, he...

My best FOMC game to date in term of raw execution. While my size was almost non-existent and I got out of two key positions too early, I am very pleased about the way I literally nailed the market at the bottom and pared out my final shares at the top. Very very good day for sure as it was a...

I have traded every single FOMC meeting this year (and I think I broke even on those days) and here is what I noticed: With the exception of the surprise rate cuts, just about every rate cut turned into a rally off the open, sell-into-the-close scenario. However, the very last rate cut we...

A great open turned into a good game as I misjudged the strength of the market and did not get that much needed second leg. That said, I haven't had a solid Monday in a long time and I will take it. 5400 shares on 5 of 7 shooting, +1050 before commissions, +926 after, no bullets...

Tape reading is THE MOST IMPORTATANT skill to have on NYSE, it is the only way you can judge the truth strength of a trend and it is absolutely critical when you enter and exit positions, and if you trade size every single trade has more than one set of entry/exit points, you are always paring...

While I may be the only New Yorker who doesn't care about Baseball (Basketball for me) on those days, I do know that on a tough day like today 3 strikes you are out. While I managed to barely salvage my winning streak again today, I made 3 key mistakes that prevented me from a meaningful...

Until you see his number on MSFT, congratulations on a good day (I would use the word AWESOME but I underestimated Sniper before, and I won't make the same mistake :-).

Count me in :-) I am absolutely honored.

Very cold game for me to open up the month. While I managed to squeeze out a small win thanks to the huge rally, the only thing worse than this is a down day, but it did allow me to extend my winning streak into 8 straight games. 15800 shares each way on 7 of 17 shooting, +450 before...

I second that RTharp.

Hit List Moment The darkest hours . . . 11/10/2000 The trading week mercifully came to a conclusion, this has been the single most painful week in my entire career (trading + IT), I am down $23, $200, $300, $60, and $200 today, for a total of $800. Overall, I am down $1700, and...

October was the text book example of how should I play each and every month, by averaging less than one down day per week and play suffocating defense as I lost a combined $1000 across the four losses. A huge step-up from the abysmal September (a month I should have scored huge in and instead...

Tony: I am curious, did you cover your 3 energy positions before 2PM? If so did you flip? I trade energy everyday that's why I wondered :-) Thanks for the comments!

She is my best friend at work, and at some point we will definitely team up. She is more specialized and I am more diversified in term of sectors, but it will be a good combination for sure. It is a tons of guts to hold a few K shares through news release, and she earned every penny in that...

The energy sector has been my best sector as of late and it happened again today. I expect to focus heavily on this sector through the winter to next spring as almost all energy stocks follow their indices closely, and it is completely independent of S&P and Nasdaq futures. Unfortunately I had...

Tony: Did you stop out of CPN and CSC? Great plays on APA/APC/BHI btw, I went long in energy this morning but didn't flip enough when it moved back to resistance level . . . Left 1 point on the table for WFT . . . Be careful about the 2PM energy news tho . . .

Candle: I am curious about your switch, just a month or two ago I remember you were doing very well, has the recent market movement been a rough stretch for you? Most traders do not make adjustments like this when they are killing it, and I sure hope you are ok. I still trade...

Tony, I am curious whether you took any bottompick plays during this stretch, or you were so bearish on the broad market that it was all shorts, thanks :-)

Bullet shoot-out but I missed a critical fill in the morning to make this the easy K that it should have been. 6800 shares on 3 of 6 shooting, +959 before commissions, +599 after, 3 bullets. Pre-Market: A batch of downgrades on energy stocks, tons of shooting stars on charts said this is...