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Thanks! Exactly the kind of feedback I was seeking. FWIW, I actually started paper trading February 23rd. But, til May 18th I was just getting a feel for the whole thing. Since May 18th I have been much more consistent. My wife and I agree that I will paper trade one more month & evaluate...

Thanks for the advice. Don't think I can automate using the indicators I have. So far entries and exits are quite subjective.

I'm trading entirely manually - no automation. So, I don't know how I could back test. One standard deviation of average trade is $65.49 according to Trade Station analysis. As for paper trading for a longer period ( a little funny you should mention it ), my wife wants me to keep trying for...

With aspirations of being a professional day trader of ES, I started paper trading May 18 this year. I think I’ve been doing well enough to begin live trading (starting with $25k). My living expenses are already covered. I’ve been using Barry Taylor’s “Better Indicators” and no other “system”...

Barry Taylor's signals at eminiwatch.com include size of each trade data (helps identify when professionals versus small size amateurs are trading), and data showing if trades are happening at the bid or the offer which indicates buying pressure versus selling pressure - plus the usual price and...

pardon my laziness. I notice the same futures contracts may have different symbols depending on the venue/context...

Thanks for the reply. Just to note: my records show the low was 2363.25 and the high was 2401.00, a range of 37.75 points - not to mention it is theoretically posssible to exit at interim hights, short and exit at interim lows, reverse again, etc. and make even much more. To make 2-4 pts/day...

What is VTSMX?

As a new trader, I started day trading emini SP500 (paper trading) February 23. Most of the days since then have only had a range of around <10 points - except March 1, the day after Trump's speech to Congress. Unfortunately, on that day I had to take a family member to the hospital for an...

If one does a Google search for " Van Tharp Definitive Guide to Position Sizing " , one of the results appears to be a link in Chinese for a .pdf version of the $256 book. The file doesn't appear to have any viruses either.

Thanks for the specific thoughtful and clear reply Simple! Easy to understand and replicate. For me, without experience, seems over-prudent. I hope to achieve faster compounding. Also, I would prefer not to take $ out of the account (except to pay taxes, grrrr!). We'll see how I do...

Hello Smile, I read your article, thank you. Sorry to hijack the thread, but the article begs the question... It mentions the issue of "position sizing" is very important and says it will discuss in a follow up. I searched the site, but can find no such follow up. Can you provide any link for...

Ahhh, muchas gracias!

RDK91 - what does the abbreviation "RR" above mean? I take it ZB is 24hr gasoline and ZN is 24hr Nat Gas, correct?

I've seen that book & will add it to my "to read" list. Meantime, would the formula be calculated something like this: Expectancy= [(4 X $50 emini SP500 point) X .52 win rate] - [(3 X $50) X .48 losing trade rate] = ($200 X .52) - (150 X .48) = $32 per average trade ? This doesn't seem to...

Southall, what, specifically do you mean by "edge"? The probability of getting the direction of the market correct? Or, the size of the winners vs the size of the losing trades? Or something else? Thanks for your thoughtful replies!

It depends on what the indicators say. I guess, at this point, 1~4 max.

From 2000 to 2004, I sold options on futures on the phone (unsuccessfully) and worked in the brokerage back office. I've attended futures conferences and read many books, including books about taxes on trading. I tried to trade options on futures on a very small scale unsuccessfully. Now I'm...

ahh. Perhaps someday if I'm able to grow my account sufficiently I may day-trade Nat Gas. I like the range and volatility, but it's much to expensive for me starting out. Why do you trade CL?

nothing, yet. I will be starting by "paper trading" emini SP500 (day trading), using TradeStation and Barry Taylor's 3 'better' indicators, & cash management per Ryan Jones - The Trading Game, Playing by the Numbers to Make Millions. Gotta get the system & the account set up first :rolleyes...