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Totally agree with you. What I did was to take every trade I put on, and just run some simple what/if scenarios on it, really simple shit like does it hit -4 or +4 ticks first. (making sure that the +4 profit has price going through it, or at least so many touches that I can feel confident...

Thanks for providing this. I certainly do enjoy going over stats. Wait a minute... looking over your results, you're obviously not trading the ES. My comments were directly about the ES. I'm not sure why I assumed this was the ES, but 4-6 tick slippage in the ES is what I was making...

Yes, for sure something is up. After further clarification from him, its looking more and more like there are several seconds delay once all the info goes through C2, and then to the other brokers and such. But still, for a strategy like this to be coded with market orders seems a bid odd...

Exactly. There is also a very good quote by Lescor, for those who are familiar with him or have read his posts, where he says the key is to start by risking an amount of money that you're not afraid to lose. This is why I think its a joke for Zzz to say that risking $20 is trivial. It...

I love posts like this. First you start by saying you're a developer, as if this will now make use trust you more, along with the fact that you have clients, to make it seem like you're hot shit, and then you throw out something as stupid as this. If you're the developer, and these are your...

So much of what is posted on ET is bullshit. The only thing I respect and pay attention to is a list of trades. Initially it doesn't even have to be posted in real time, but obviously, if the claims are outrageous, then real time calls would be necessary. But initially, I just want to see...

Lots of people here would say SIM trading just doesn't cut it. Its good for testing your platform and things like this, but far too often, traders who are profitable in SIM cannot repeat this live. You may think that $20 is nothing, but if as a day trader, you limited yourself to 5 trades per...

The trouble with your entire reply is that you only see things from your perspective. If you were as intelligent as you think you are, then you would have the ability to put yourself into a different frame of reference. You cannot in any way make the claim for anyone else about what their...

When did SIM trading come into this? I never traded them enough to break the PDT rule, if it applied to me, since I was only playing around with them. Once again, I never suggested selling options, only buying them. And since the amount of money that is tied up is only about hundred dollars...

Ah.. well perfect then if its according to plan. I just know that in the long run for me, trying to save a little loss from going a bit further to save a few ticks usually ends up costing some nice wins.

So you're getting out of a short just because price made a temporary higher low even before it breaches the previous high? I image that quite often, you get out of the trade and then it still ends up going lower. The point though is that if initially your stop on the short was above the...

I'm not in the US, so I'm not sure if this has been a factor for me, but my understanding is that this is only for equities. I assume options fall under a different category?

In rebuttal, if when you put the trade on, you know you needed to risk 1R because that is how much room you gave it, then getting out for anything less than 1R means the trade shouldn't have been invalidated yet. Its like if you assume support is at 2200, and you take a long at 2203. This...

I'm sure your real money account is doing better! :)

You're right, they should save up 10k instead of 1k, and they should trade the ES, using a $200 stop instead of a $20 stop. Then when they lose 10k, they will feel better having tried playing with the ES that has less slippage and better commissions, rather than losing 1k and working with...

Something I haven't seen discussed yet (although I have just scanned the answers), is what does hitting the stop do to your account, and how big is this stop in relation to your average win? If you're going to take CL as the example, and you put your stop in an area that price didn't go to 95%...

Agreed, but perhaps some newbies will appreciate the voice of reason.

I'm sure I don't have the experience that you do, but at least I can tell which options have a 1 cent spread. As for my quote, I have a spreadsheet full of my trades, and would you believe that there is actually a certain R:R that stands out as being profitable, and much more so, than other...

This is actually not all that true if you ask me. Based on my understanding, you need to know a shit load of stats in order to have a slight edge with blackjack, and not only that, but you also need to play not only your cards, but figure out what everyone else at the table is doing. When it...

I see, you ran out of logical arguments against mine that you could illustrate. I guess when someone puts up a picture to show you the actual spread which is 0.01, then it makes it kinda hard to keep saying that its 5 cents and keep insisting the slippage will kill you. At least you're not...