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Goes to show how little I know about how the system actually works. Does it favor the buyer or the seller. I've had slippage on both sides with market orders getting filled away from the bid/ask spread by enought for me to question whether market orders are efficient. If you put in an order to...

OK the put protects the downside for the original buy. The price is falling and you are day trading long only, you are probably going to have several trades stop out and end up with a loss for the day. At the end of the day you take your positions flat. You are now holding only a put. Is that...

I don't know if the plan is good because you haven't given the specifics. It's your plan, so if you think it's good, trade it and see what happens. If it fails then it's a learning experience. I don't want anyone to fail, why would you think that?

Now all you need is a set-up for entry.

I don't trade options or day trade for that matter. The devil is in the details. Now you have to put specifics to everything that says "Define" I know you can trade stocks for zero commission are options also free? You have to consider the trading costs along with the spread when scalping for...

But if your order is big enough won't traders pull their bids?

#7 Why not protect the downside with a stop?

You set your stop where the market has proved you wrong. For whatever reason you have entered a trade, when you look at the chart or orderflow there must be a point where the trade is no longer valid. That's whwere your stop is. Digging deeper, what is it that you are afraid of? What is worse...

And what is your objective in returning to ET after 15 years?

What exactly do you do at your job?

I'm also a retail traded. When there is an imbalance I get lousy fills. :) But they are instantaneous

Trading with a hard stop you notice the ones that get taken out and reverse. Trading without a hard stop and you notice the ones that just kept moving against you. Could it be that your stops are too tight? It's been years since I traded futures but at that time with IB at least my market...

Have you considered hard stops? If not why not? In demo you get filled every time. :)

:rolleyes: Gotta keep your story straight in order to be credible.

Oh. A while back you said you had no open positions.

At least you have a plan. That's probably more than most unsuccessful traders. If you have the discipline to follow your plan you can then rule out that the problem is the trader. Now you adjust the plan.

The right way is to take your loss; take it where you planned to take your loss. If you can't bring yourself to do that put a hard stop in the market. You practice taking a loss the same way you practice anything else; do it over and over until you get it right. Change your focus from P&L to...

Got any positions open yet?

Zurich Axiom #1 If you are not worried you are not risking enough. Minor Axiom#1 Always play for meaningful stakes. Minor Axiom #2 Resist the allure of diversification

So I take it we are both in BC? Which broker are you using? Can you give me the name of the broker? I have yet to have a Canadian broker use FIFO. Any time I sell part of a position the ACB is shown as my average cost.