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Agree with Dizzy about the mental stops. I park (prepare) two orders and as soon as I enter a trade with one - I submit my stop order too. During the trade it is very easy to adjust the stop on the fly and control your “trailing stop”.

I might be a good idea, bronks, to place a daily loss limit – say $100. At that point you can have one last trade – unless it’s a winner that brings you back under $100. You would be amazed how that rule forces you to be more selective with your trades. Good trading, bronks...

Good luck with e-minis, Mr Subliminal – you'll probably get hooked like the most of us. You will love the fast moves, you will hate being on the wrong side of them. I wouldn’t have it any other way. :)

I trade in my study behind the closed door and emerge when I am done for the day. My wife doesn’t see me during the trading session and yet… When I come out of my seclusion she greets me with “Never mind, darling, you’ll do better next time” or “You had a good day didn’t...

Too subtle, stock777. :D

Wide stops are for the wide and deep pocket traders – not for the traders who are trying to survive the game long enough to increase the size of their pockets. I came close to the initial margin in my account – 83 frantic NQ daytrades would do that for you. :D I had no choice but to...

Agree, especially when you take the other side of my trades. :D

Most of us had our backs against the wall, bronks, at one time or the other. Wanting to be a successful trader and at the same time staring the defeat in the face and having that sick feeling in your stomach is not something you ever forget. The worst is the doubt itself. Is this all I can...

It’s a tough game, guys. It is tougher for the under funded because you can’t afford to get the trade wrong – so you nibble at your trades – you go for a point, half a point, anything to start the ball rolling and give you some breathing space. I think that starting with $5000 will...

ET taught me to teach myself everything I don’t know. I am bloody confused now. :p

Yes, you can pick the bottom. The problem is - by the time you get to it - you don't have that many fingers left anymore.:(

Super Ego or Super Man? I'm wid da MAN! :D Long time no see, candle. Glad to see you again - missed you polls.

lol It is just amazing how much has my vocabulary of four letter words increased since I starting trading e-minis. :D

Originally posted by vulture Agree, but I also believe that trading in this micro time frames is a necessity for the under funded traders – they just can’t afford to be wrong on the larger time frame – preservation of capital. The only chance they have of escaping that “1 minute...

GeraldKo Right-click on a stock and select: “Raw data for…” Good trading

I would be much more interested in answer to this question: "How do you close a losing trade when the system is down (broker, exchange...)?”

Two Buys + One Sell = 1 daytrade for IB customers Two Short Sells + One Cover/Buy = 1 daytrade for IB customers I have been doing it for a while now. Bloody PDT rules! :D

Come to think of it I haven’t ‘seen’ Candle lately. Always on the lookout for pussy – maybe he found it! :D

With IB you only need $.02 to break even with 100 shares (with 1000 shares you get $5 profit after $15 commission).

YES, I am definitely in that 9.99999999999999999999% category! Yippy! :D :D :D