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Held on to a contract after close on Wed. I knew I would be taking a risk holding thru the holiday but something told me (here's to you pussycat) that if we could get through the holiday unscathed, a rally would ensue. Needless to say when the LAX incident occurred, I was a bit worried...

I've been back for a few days now and traded a bit but haven't had a chance to to get caught up until today. Looks like some of the other threads are getting quite lively. Mr. Sub's is out of control, the guy needs to publish a coffee table book or something. Great stuff. Lundy my friend...

Yes my friend. Ten years ago I would've found no value in someone who works behind a desk and pushes money around. It was the antithesis of what an ironworker stood for. There is a basic contempt for anyone who is not an ironworker (especially carpenters) and dresses in a suit, not unlike the...

I wholeheartedly, completely, and unequivocally agree with this. Now, if I could just practice it. Thank you for responding.

andy, easy, boyd-- Thanks for the kind words. Hopefully I make some decent money so I can concentrate on trading for a while.

Allen-- I pretty much agree with you but let me explain my position. Looks like in the minis, there are 2-3 times per day that a trade in the right direction can be extremely profitable. Of course picking those exact spots is what separates the men from the boys. What I try to do is enter...

Tonight brought some news that I didn't want to hear. Come Monday I will have to stop trading for approx. two weeks. As I'm yet to make enough from trading to support my family, work calls. What makes matters worse, it's on an outer island in an area devoid of any people, much less an internet...

Thanks Fitz. Just tryin' to show aspiring traders (and myself) how tough this game really is, with no fluff. FUTURES TRADES --------------------------------------------------------------------------- Trade Time Exchange Description Qty Trade Price Set Price...

Where do I begin. Keeping a bias and not recognizing a trend cost me severely (relative) today as I recorded my worst loss so far. Crap. Started off in the hole again which affected every part of my game plan thereafter. Usually I have some kind of bias going into the day before the open and...

Thereuare-- I've found it to be rock-solid. Quotes seem to be tight also as I base my entries on them. Haven't found any lag yet between e-signal and IB. As far as a back-up... I forgot to mention I still have a dormant Datek acct. in which I can off-set any position with the QQQ's. Hopefully.

Thanks Fitz. The commissions are starting to get on my nerves though. I may go back to (1) contract tomorrow because of it. I realize it's a necessary evil but damn it sure does pinch. I couldn't imagine paying over $3.00 per side. That commercial about making money in up and down (sideways too)...

Me too, Lundy.

While the futures market was still open, I was watching Intel after hours a few minutes after the equities market closed and saw no clue. In fact, futures were ticking up ever so slightly. So I started writing my journal. Needless to say, I will never get distracted again until Globex closes for...

Holy s**t, anybody watching the futures?! Got distracted while writing the journal... Lundy, I hope your short! Nice overnighter by the way, lastnight. Hell, I hope somebody was short. Looks like tomorrow will be interesting afterall.

Just a grind today, I made my broker happy though. Midway through the day I switched to (2) contracts as my default and fired away. I kept getting distracted by my P/L, so I just turned the punk off and will keep it that way. I'll keep 2 contracts for one more day and decide whether to leave it...

Watching the Laker game. I will check out your journal.

Hey Lundy, it's past your bedtime aint it? :p

In theory this sounds good. But in reality... It's amazing how many times my trade never even came back to breakeven. Maybe if you could consistently buy @ the bid and sell @ the ask. I don't know, there's so many divergences on the way to that 1%. Not even counting commissions. I do agree...

FUTURES TRADES --------------------------------------------------------------------------- Trade Time Exchange Description Qty Trade Price Set Price Gain/Loss * ----------------- --------- ----------- ----- ----------- ----------- ----------- - 02-06-05...

Frustrating day for me as I not only woke up late but rushed my trades, on top of trading within ranges and over-trading. Underwater again from the get go. My timing and rhythm was completely off and it cost me. My only saving grace was that ORCL ramp near the end as it brought me back from over...