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Do you find yourself being religious about your exits for losses? In other words, once you see that you are beyond your underlying break-even by 10%, do you ALWAYS exit?

Sean. I actually enjoy your experiment here. Pretty cool. How are you attempting to figure out market direction, which will ultimately be used in your decision to go long (calls) or short (puts)? Also, do you enter your orders as spread orders or do you leg into positions? Lastly, how...

The IMF is calling for written comments. Here is a snippet from their web site. Not sure if everyone should e-mail or just those that can write somewhat intelligently (probably not myself): ------------------------------------------------------ We request that comments be submitted by...

Hey New2TheGame, Just FYI... Jack Hershey tends to speak only in poorly written jibberish that no one else can understand. Also, to my knowledge, no one else can truly attest to him being even a remotely profitable trader. He has a following though, because his crazy writing style lures...

I trade trends on an intradday basis, based on support/resistance and volume abnormalities. I know that's a mouthful and also doesn't give you a hell-uv-a-lot to go on, but hey, took me many years, so I'm not going to go into a lot of detail on an open forum..... As far as futures, the...

I do not live from trading only. I'm still a full-time software engineer. Trading on a $220K portfolio and made $75K last year on about 3400 trades (63% return approx last year). Made 52% in 2008. My goal is to go either part-time or quit my day job (all-together), once I'm able to bring in...

In response to your "relax and just trade" question, it took me about 2 years (after being profitable) to actually relax and just trade. I day trade equities via a custom built ATS and I've had periods that have sometimes lasted for a solid month where I don't make a dime. These times have...

Hey New2TheGame, I PM'ed you why I was asking you if you knew how to program.

Just out of curiosity, do you know how to program?

Actually I take that back. You may believe that a 2 week time period means that you are consistent. Sorry for jumping to such crazy conclusions......

LOL. Neither are you, if you have to lie about your results.

Anyone that tells me that they can average 3% per day consistently is full of crap and I am a profitable daytrader.

And you are telling us that you are profitable EVERY SINGLE DAY? I think not. In fact, I know not......

I have to say that I'm worried as hell about this tax. I day trade equities and if this thing gets passed, my system becomes a money looser over night..... So, what's the consensus? Do you guys seriously think this tax has a chance in hell of passing? It just seems like there are so many...

OMG. I'm so at a loss for words.....

I've been trading profitably now for 2 years and am 100% automated. Last year, I was trading with a very small amount of capital (started with 30K), but early this year, I added 100K and I'm now trading with 202K. Last year (on my small account), I made 52% on over 3000 trades and this year...

Thanks for all of the comments here, but I'm still not seeing a separate data provider (apart from a broker) that supplies this type of data. Any other thoughts out there?

Hey Occam, You are correct in that I want a full-book feed. IB provides Nasdaq TotalView, but only for a very small amount of symbols (3 plus a little more for me as I spend a ton in commissions with IB). I guess I'll go ahead and start out with IB and then if I need something more...

Does anyone know of a decent Level 2 data feed for individual automated traders? I've tried DTN's IQFeed for Level 2 (as I use them for Level I quotes), but it's not a complete Level 2 Data feed. I haven't looked extensively into IB's Level 2 data, because I know they are very limited in...

I'm an automated day trader and I use stop loses in the exact sense you are talking about. In fact, 99.9% of my trades get stopped out, because I trail my stops in various ways (both time and price go into my equation as to how I trail). I'm not a huge trader. 200K and have only been...