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That's the reason why it pays to get short after a nice rally.

How fast do you want to blow yourself out of the market? Probably 1 day.

2 to 5 trades per day

I like the short trade with 925 being a stop, but we have to see slowdown of momentum before we'll see a 68 point decline in the S&P's

[/b]Daytrading system This daytrading system is designed as a very low risk system.

It seems that you're on a nice roll. Don't change anything. You've reached a comfort level trading 1 contract so stay with it. Consistency is the key. Don't fix what ain't broke!

I make discretionary decisions based on mechanical occurrences.

Jesus Christ is Lord.

Investing in a dual processor system is more than an investment in processor speed. It represents the determination to have a system which will operate at or near its peak efficiency for a long time. Regardless of the processor speed, many programs can hog a large percentage of the CPU's...

Actual results vs. possible results How closely I followed my trading plan.

Trading systems with entry/exit signals that are moving average based are not good candidates for 1 minute data. One minute data is too choppy.

This guy is advertising.

These results represent the best tools that one system produces in all different types of markets. The point is not to change the system. It's a winning system. My point is that statistically it doesn't follow a bell curve.

[/b]That is why your stops (amount of $ risked) should be no more than 1% of your trading equity. If your stops represent $100, then you'll need at least $10,000 to trade that system. Less than that and you have a good chance of blowing up. Your second problem is that "loose stops" are...

Monitor real time quote board that includes highly correlated stocks and indices for movement gives short term momentum opportunity. Entry signal is usually a stop above/below the market depending on whether or not I getting long/short. Time and Sales and quote screens give a lot of information.

At what point will you begin to trade 2 contracts?

whatever ... Guys like that are mainly marketers who are selling something.

If you think that you have a trading system that works, try it out on their platform. You'll get a better, more realistic idea of what you really have.

I trade ES and I find that if I list ES, SPX, OEX, NY composite, DOW composite, and INDU in a quote page and monitor them, on a single quote page I can watch them all at the same time without trying to interpret charts. One technique is to watch all of the indicies make highs or lows all at...

I wonder how many people scalp or have considered scalping without charts. I know of only one other trader besides myself , that has a technique for scalping without the use of charts, technical analysis or any of those things. Now, I know that many traders can’t make a single trading...