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I do agree. I just wanted to get a sense of what you mean by mistake because the OP does talk about cutting losses short sometimes, and sometimes not, so then it becomes very tricky to figure out what a mistake is. Based on your rules, the mistake is obviously simply not placing the OCO...

This opens up a whole can of worms. What is a mistake? Some of the time, you give the trade more room and it works, some of the time, you give the trade more room and it costs you more. The important thing to do is to quantify what some of the time means, so you're spot on with regards to...

Completely agree. Now that he is using his live account, there is no longer a need to talk about what can and can't happen, and how anything should work or won't work. The results will speak for themselves.

I once looked at another trader's trades, maybe about 20, and what jumped out at me right away was that it was only a few losses that made him overall negative/BE. If these were limited, he would have been profitable. What's even worse, those losses were much bigger than the average win. So...

Well this opens up a whole different issue. Yes, I'm sure there are firms out there that specialize in this sort of thing. I forget the name of this one firm, but it apparently had only 1 or 2 losing days in about 700 or 800 trading days. But I think these firms are still quite small when...

I think that we first need to discuss what big traders are hoping to accomplish and how they do it. It is my opinion that big traders are getting into trades based on fundamentals. You have guys like Buffet and such that buy companies because they like their statements and projections and want...

Well... in my humble opinion, if you did truly have the experience/confidence, then even if this was a one-off mistake, you wouldn't need to create a thread about it. Saying things like winners come when you're trading small size and all the bigger losses seem to come when you put on more size...

My first thought is that you are asking for help, and yet dictating all the rules, which seems a little odd to me. You don't generally go to a doctor when something hurts and tell him exactly the kind of treatment you are looking for. 5% monthly works out to 60% annually, without compounding...

Yes, I think Canadian firms are really behind the ball in terms of fees and commissions. With Questrade, data fees are huge, and with IB, I am getting pretty much all I need for $10 per month. Questrade is clearly not meant for trading, more so for investing, but the differences are still...

My apologies for not reading your original question more thoroughly. Yes, Sierra doesn't do options. I feel that IB does them well enough, but at the same time, when I trade futures, IB is miles behind the customization in Sierra, so I imagine that other platforms that do options probably can...

What are you trading? If you don't have the confidence, experience, and edge, why are you trading more than one contract to begin with?

Gotcha. I have heard that in other provinces, like BC, some brokers don't operate there cause there are more rules.

Have you looked at Sierra Charts? It has a very nice monthly fee and works with IB. Also, you should mention your province because it matters in Canada and not all provinces are represented by all brokers.

I'm confused here because marsman is still in SIM.. correct? So him even placing a bid order wouldn't show up anywhere since its not a real order and hence wouldn't change the books at all. Am I missing something?

Well if you're that busy, just don't post, or post but don't reply to other posts. Simple as that.

Its even worse then that. Its a matter of what happens when you don't get a fill. Will he chase, getting in later? Will he hold a loser that doesn't exit at his price? Its far too easy to say just add a tick to account for slippage. In my opinion, much worse things can happen outside of...

Well someone already suggested then that you try some live trades, and you rudely dismissed that, which is fine, its your money, but then I don't think anyone understands what you are trying to do here. You sound like you're 100% sure of what you are doing, and yet you aren't willing to go...

For the most part, the general criticism has been that your SIM fills won't be accurate enough to give you an idea about what to expect in LIVE trading. You have dismissed all of these objections. You simply want people to tell you how awesome you are because of your SIM trading.

I'm sorry but this is absolute bullshit.. just like everyone else says. If you are saying you don't give a shit about your strategy because it only costs you $5 in electricity, how do you expect someone to want to pay you $999 for it? Its getting more and more obvious that you are a scammer...

I don't imagine you will lose all your money. First of all, during the overnight session, you wouldn't even be able to hold 2 contracts as the margin will be too high. You can start with 2 contracts during the RTH, but after the close, I imagine one contract would be automatically sold to...