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Based on my experience, i doubt that you'll do better than break even with the 3 ticks/3 ticks ratio. With the commissions and the spread (if you buy @ask and sell @bid), you already lost an edge before entering a trade. You will need a high percentage (probably around 70% or more) to make...

My own plan says 5 trades max. The problem I had recently is that I quit when I begin the day with 2 or 3 good trades (fear of losing the profits + ego satisfaction). And of course, if I make a bad start (negative after 2 or 3 trades) I don't mind taking my 5 trades because i want to make...

63 % winners - Gain/Loss = 1.1

That was not my experience with the trial I had 2 months ago. The average lag was about 1 second behind IB quotes.

I used them during 3 months a year ago. They developed a good site/product in a very short time. The data feed is provided by S&P Comstock. It is good. The only bad point is that their product is web based. That means you have to go through Internet Explorer. It's slower (to use) than a...

Fat Fingers strikes again ! :confused:

P.S : I don't trade the E-mini but the ESTX50 wich is very liquid too. I enter with a limit order at ASK+1 and BID-1 (tick on estx50 is 1pt). I'm always executed. Over the long run I average about -0.4 pts slippage. That means that I've got 1 pt slippage on 4 out 10 trades. I don't mind...

I stick to 5 trades per day max.

I appreciate the adding of the trade's holding time.

I don't understand this. In the meantime, i still trade 1 contract but will to trade 2 in a few weeks. I expect to scale out my 1st contract at 1R as usual but in other cases too : - If the trade goes nowhere (nor good, nor bad) but I want to give it a chance, I scale out my 1st contract...

... and the quality of the journal. I find the comments about your day and your trades very instructive and helpful. Do you mind if I recall a former question ?

Fluid, Thanks for your input. The funniest is that I fully understand what you mean. I just have to act on it now... Allenz, I don't know if you have a lot of trades hitting 75% of target that ends flat. What do you think about paring out some profits at these levels ?

Thank you for the valuable info. In the meantime, fridays are my least profitable days. Still don't know the cause (me or the market). I need some more experience to judge.

On the last 3 months, I consistently pulled out a little 600€ net each month from the (future) market with my undercapitalized 4K account. That makes a 15% return. Conclusion : be cautious with % return.

I am very glad to read this because I've got what I call the "friday syndrom". I play a very defensive game on fridays by fear of losing a part of my weekly profits. As a fact, for me fridays are not as good as they should be. I consider this as a newbie weakness that I must cure. I know I...

I don't know if the usual stats (5% winners) are true or not and I don't mind. What I know is that it had a negative influence on me during my learning stage. Because, as a newbie you believe what you hear and you think "For sure I'll never make it". You didn't put one single trade and you...

When I think of it, it took me about 200 trades and 4K to find my edge. I discovered I had one when my equity began to go up. At first I was a bit surprised and I ask myself what did I do ? Then I realize that it was probably the knowledge/experience brought by months of practice. If you...

When I think of it, it just took me about 200 trades and 4K to find my edge. What is my edge ? Probably a good knowledge/experience/pratice of the product I trade

I don't trade e-mini. But basically, I experienced the same problem at my early stage. At first I thought that my stop loss was too tight. So I made it wider but with a wider stop my winner had to be bigger, that means hold them even much longer. As I had a serious problem to do that, I...

Why 212 and 1696 ? Hummm... 1696/212 = 8