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Excellent post Don! I recently started trading around longer-term positions and it has been working well. I find that using short and longer term trades smooths out my equity curve.

Buy1Sell2, I agree with you that newer traders should not use a lot of leverage, but I do believe that they should use the shortest timeframe they feel comfortable with because of the higher win/loss ratio they may be able to achieve with their strategy. My post did seem to indicate that newer...

The problem with position trading for me is that the stops are much wider so I have to use less leverage. With swing trades (holding from less than a day to 3 days or so), stops are tighter and you can use more leverage. In general, the win/loss ratio goes up the shorter the timeframe. In my...

Here are some of my thoughts on the flaws of traders when using TA. But for the record, let me say that I believe that TA is very effective in assessing crowd behavior and works well most of the time when used correctly. It isn't perfect and trading is a probabilities game. I am a...

The SP is forming a triangle on the daily chart. Look for the breakout. Can't predict the direction of the breakout here.

I'm always aware of the higher timeframe technicals. If I trade against the higher timeframe, it is a scalp only, i.e. one swing only, and I do not let it go against me after it moves in my favor. Using the dominant technical conditions on the higher timeframe allows me to use more leverage...

Day trading and swing trading are not mutually exclusive. One can swing trade on an intraday basis. Swing trading refers to using technical analysis to forecast the next swing. Swing trading does not refer to how long one holds a trade, as the poll implies, but I understand your intent. :)...

elcap73, I an engineer who trades futures part-time, with trades that last 1-3 days. From day one, I was a breakeven trader, and after six months, I was profitable, but not enough to make a living. This is where I am now. I used to have a flexible work schedule that allowed me to trade on...

- Right-mouse click on your desktop and select "Properties". - Click on the "Settings" tab in the Display Properties window. - Click on the "Settings" tab. Your VGA card type should be specified under "Display". - If not, click on the Advanced button and then go to the Adapter tab.

Thanks again to everyone for the quality and sincere responses to my questions! It helps to get the opinion of other traders. The responses were fairly consistent which gave them that much more weight. For those of you who are interested, I have decided to take the promotion and trade on a...

Candletrader, What do you think is a good size account for trading futures/commodities? For example, $10K per contract, etc. I know there are a lot factors that must be considered, but in general, what are your thoughts?

Hi Michael, I strongly believe I have the right mind-set for trading and believe that that is what will get me to become a consistent winning trader sooner rather than later. I truly believe that having a successful "game" is 80% mental and 20% strategy. I also believe that most people fail...

Another option, which NihabaAshi mentioned, is to trade other markets outside of normal business hours. I'm in the US.

NihabaAshi, thank you for laying out the options and sharing your experience with me. Please see my options below. FT79, thanks for sharing your experience, it is helpful. I will not be putting myself in a situation that totally relies on my trading to pay the bills. Like many on the site...

Thank you all for the feedback! It looks like the advice has been pretty consistent.

I am an Engineer for a well-known telecommunications company and have been offerred a technical manager position. This has been my career since I graduated from college. This year I started to trade futures part-time, 3 days a week, and I love it! My dilemma is this, if I accept the...

The Wyckoff course from SMI consists of 5 units sold separately, including: Unit 1 - Technical Trading Techniques Workshop Unit 2 - The Richard Wyckoff Text on Stock Market Science and Technique Unit 3 - SMI Basic Lectures on Technical Market Analysis Unit 4 - Practical Trading Tapes...

Greddy, According to the following website, your motherboard supports six 32-bit PCI bus slots. http://www.digital-daily.com/motherboard/asus-p4pe/ According to the G450 datasheet, the graphics card requires a 32-bit PCI slot which your motherboard supports. See the following link...

Thank you all for your reply. All good suggestions.

Hi All, When daytrading the S&P futures using a 5 min chart, I use important pivot points such as the opening price and the previous day's high and low. I also use previous swing highs and lows. Are there other ways of determining reliable support and resistance levels for daytrading...