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If you have a hard profit target then you can have the luxury of posting the bid or offer with a limit order and let the trade come to you. However if you are taking a stop then you have to take the bid or ask, otherwise you're 'hoping' for a sudden short term change in the momentum and...

My entry rules are fairly basic and are based on a couple of ma's in a 3 min chart and a few familiar patterns. I do use some discretion in my entries but try and take the trades as they present themselves as much as possible. I also use a filter that keeps me out some of the chop. I also try...

Triple Bitching.:mad:

Twice, I might add. You made a comeback. Didn't you learn from your first mistake.:D

Huios You said that you made 7 good trades as you followed your plan but then you go on to say that you exited too early or you took too big a loss. Reading between the lines it would seem that you do not have a plan for your exits and therefor don't really have a plan for the trade as a...

Allen I trade a similar system to you in that I am looking to capitalize on the 3 or 4 moves a day of 6-12 points on the NQ's. Currently I am trading the Q's while I test my system but will move up to the NQ's next week as it looks as if my system is working so far. I use a 2:1 Risk/Reward...

I normally 'lose a day' at least once a week. It tends to be a Saturday after a hard Friday night out.:D

Agree with Darkhorse on this. The only 'lost opportunity' is the trade you didn't take when your methodology told you to take it.

Trading 100 shares will not earn you a living. The reason people suggest that a newbie start with 100 shares is to get them into the game without risking too much. Almost everyone will lose a portion of their account when they start trading. By only trading 100 shares until you are...

Just tell them you're a daytrader. Throw in a few moving averages, LII and Fibonacci references and watch that cow starting to chew grass in their head.:D

I understand that the quotes aren't real real time. However over the last couple of days there has been about a 5-10 second lag when there is any kind of volume surge and the depth has been losing levels, sometimes showing only a few at a time. I'm trying to find out if this is a company problem...

Same thing again Friday and today. The minute there is any volume, quotes are 1-2 points off on both the order page and the market depth page, and 1-2 levels of depth disappear. Anyone else having these problems?

How can you keep something 'on topic' when the topic doesn't exist.:D

Could be a TWS problem as I have the same problem with TWS and Nextrend.

Anyone else having problems with their IB NQ emini data today? My quotes seem to be off anywhere from 3-5 points.

If you have enough capital, you should perhaps consider opening a separate brokers account to trade the Q's in the event of a system breakdown with your futures account. This will allow you to get the benefit of trading the futures but with a safety net.

Current June symbols for the emini's are: Naz: nqi2'cm Spoos: esi2'cm

Thanks

Does anyone know how to filter out the pre/post/overnight market Globex information on the emini's so that only US market hours are displayed. The pre/post/ovenight data really screws up my ma's so I have been using QQQ's or NDX instead. Thanks

If your stop (risk) is a fixed percentage of your capital then the risk is the same whether you trade futures or stocks. In fact, I would argue that, in Daytrading, futures have less risk as the added margin enables more efficient use of capital. 1. With additional margin, you are able to...