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If you made that story up, you should seek help immediately. If you didn't, you should stop trading immediately, then seek help immediately afterwards. OldTrader

I suppose what comes to mind is that since the above is your belief system, why bother at all? Certainly a small differentially in commissions can't be particularly worthwhile in the sense of your overhead. And then too, I wonder what exactly is YOUR edge in terms of YOUR offering to this...

I thought I was older than dirt! Just not older than you huh? Yes, the 10K per contract applies to the ES. Now whether $6K is appropriate for NQ is another matter. It looks like you just sized down the amount based on contract size. But in my opinion, you overlooked the fact that the NQ...

This is a difficult question for me. I don't use alot of leverage. But I do vary my position size...every trade is not the same. If I have high confidence in my 'read' of the market, I tend to trade more, especially if I'm trading with some of 'their money' for the month. I trade small if...

A "REAL" disaster may be going to take you out, but it will not be taking me out. You know, I've been around quite a number of years at this point. I've seen alot of guys carried out. Almost always it's due to overtrading and overleverage. And the guys who make the big dough through...

Perhaps you would like to expand on this: what lack of foresight was there was there when the electronic markets were set up? OldTrader

Gotta say I disagree to an extent with some of the comments about margin debt. I think this is an important number. It's true, it's a small number compared to IBM's market value. But it's a large number as a potential number of supply. And in case you're wondering...margin debt always...

Forgot to mention I gave up coffee, caffeine in general. When I go to Starbucks I drink herbal tea! LOL. Maybe if some of those 22 year old traders gave up the 'fix', threw away the one minute charts, and relaxed, the results would improve. OldTrader

Guess I know where I stand! LOL. OldTrader

You got your hot keys set up wrong on the sell side. Let's say the market is 1030.00 bid X 1030.25. The way you currently have your keys programmed your sell order would be 1030.00 PLUS 4 ticks which is 1031.00. This means you are trying to sell a point above the market. No wonder your...

Def: You gotta wonder why some of these guys are tripping over nickles and dimes on their way to making a "fortune" in the markets don't you? Many of the "issues" people have with IB are their really due to their own stupidity. Take checks for instance: why would anyone send a check to...

I agree with you, especially in the day trading arena. For those using intraday charts, by the time they see an uptrend, it's obviously partially over. And by the time they recognize it has ended, you've given back part of it. What's left inbetween can be quite paltry if successful in an...

Sounds like you make my argument. The Canadian system is subpar. Further, the statement: "Personally I take equal care for all over good care for those who can afford it and sub standard care for others." is the road which the Canadians and others have gone down, which philosophy in general...

I can almost guarantee you that the only reason PG and others of it's type are weak right now is that money has become more aggressive. This is as you point out more of a defensive type of stock that institutions "park" money in when they get worried. I don't like the trade....course you know...

You get what you pay for. And from what I understand, Canada is subpar when it comes to healthcare. For years there has been a 'braindrain' from countries such as Britain, Canada, etc....anyone of competence wanting to come to the US where they can make some dough. One thing about healthcare...

My guess is the proposed VIX contract will be unsuccessful. It might be appealing to some of you as a place to lay off risk in your option positions, but there will not be any degree of public acceptance. OldTrader

My remarks only apply to the ES, since you have not been trading any of the other markets during the 3 weeks. The first thing that's wrong is that your "bias" is wrong. If you will look back to some of my original posts you will see that I commented that the "trend" was not down. At worst...

Here's another point you might want to ponder while you're in your philosophical mood: Are we really here "to provide a service/benefit to society at large?" I mean, think about it. What goddamn good has any do-gooder really done for "society at large" that could not have been achieved had...

If EVERY entry point has the potential to be a successful entry point, then I think we can also assume that this would include an entry point based on something that leads you to be believe it's high probability. Therefore, choosing to enter a trade in a random way versus one you believe has...

Good post. OldTrader