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Forum seems slow so...I think scalping is the best strategy for newer traders trying to build up a capital base. Scalping futures for halfs to 1 pt but yes even a tic still yields a profit! I think its the best strategy even though its time consuming because at 10 rts averaging halfs you can...

YT good to see your move to chicago. I remember reading your journal. Glad to see your hard work is paying off. Im still busting my ass trying to get where you are. Same goal make it to chicago and trade with the best. Best of luck to you.

actually being a new trader been trading about a yr i like the lower volitility. its letting me make better decisions without being blown out the water as soon as i put on a trade. im still learning so lower volitility is helping.

I had a similar story. I started with a little under 10k first day was loading 10 contracts in the ES. while it was exciting going up 2K then down 2500 then up 1500 etc.. i blew up. now im more humble trading 1 contract looking to scalp 2-4 ticks. with less capital you have to look to stay in...

Fully vested yet doesnt have 1000 dollars?? I wonder how he buys simple necessities. stock_trad3r sell your 10 shares of whatever and buy an xbox 360. Its more fun then laughing at your computer by yourself for posting stupid stuff. trust me give it a shot. CT

I took a few weeks off. Started trading sim again this week and that break helped me relieve the tension of the markets. Im still going to trade sim for the next 6 months to really gain experience. I still have 5 semesters of schooling left until i get my bs in finance. Trading is becoming...

same levels and time frame im looking at. i thought we would get a fake break over the 200 ma which we did and now moderate selling into the close.

The Ross Hook you should disclose that your trading a demo.

Isnt this what happened to AIG? the stock was tanking, followed by a downgrade which caused them to put up more collateral? Im not an expert in financials so i dont know if that senario could happen with citi.

where is the popcorn? i wouldnt touch this close with a 10 foot pole. exciting to watch though

while i wasnt precisly correct on the 830 i still believe it was a level to watch. As you see the market went to the 835 level were it found resistance on the trend line it broke roughly 25 mins before. From there we had a few failed attemps at the 835 level then it was off to the races to the...

This is what i mean. Mind you i might be wrong about the 830 level but im trying to show my thought process.

hmm i saw the price action keep testing the last trend line botton right. when it finally broke you had a trade of 8 pts given you got short the 830 because i would give room for a fake. that brake fell all the way to the major trend around the 822 level. now looking at my chart i see...

This is how ive been drawing my lines. For those interested.

Thanks traders for all the useful post. Really has helped me move one step closer. I have learned that all you need are trend lines and support resistance lines. It helped me clean up my charts and now i can see the price action. For instance i might see a double botton or top and ill draw a S/R...

According to CNBC the market forcast the end of a recession 6 months in advance maybe the market is telling us something. LOL. But we tested the lows and led to a rally. will it hold i can't tell you.

Just want to thank all the traders for taking the time to respond to my thread. Really great insight and helpful. My plan at the moment is to paper trade the NQ as well as paper trade stocks to see which one suits my style better. Going to use think or swim to paper trade stocks using 5k...

FGBS wow that was a great post. I haven't really considered nor looked into automation. Being in school still should i register for computer classes? Any literature i can pick up on programming for trading. Really good post thank you for your insight.

A lot of positive responses. Glad to know there is an SFSU alumni responding to my post. Driog yeah this semester has been very stressful on top of trading. I remember my golf coach who was a great player said it takes the body atleast 6 months of practice to learn muscle memory. Same rules...

Girls are not the problem im am kept satisfied. Bills got none still live at home i dont even pay for cell phone. All my money is disposable. I just choose to save and put it into my account. I am in school at a junior college right now. But i am matricualting to San Fracisco State University...