Search results

Whenever you take a trade you should plan ahead what your sell point is - for both up and down - you can revise the in the money position, but never revise the losing money position If you feel the trade has got away from you - just sell it immediatley and then analyse where your mistake was...

These figures of 70 or 90 % of traders losing money just dont make sense to me - and is this meant to be index, commodity, securities, bonds, currency etc, and is it meant to be by the amount they trade, the number of contracts or what? How long do traders who lose money - keep losing money...

Every one seems satisfied with IBs exection and there back office efficiency, but all seem concerned about what happens if something goes wrong with the platform, and then you cannot get hold of anyone at IB I know when i thought of opening an account with them, i gave up after 20 mins of...

could craig ross clear up a query if i enter a market order, my understanding is that the market order will be fiilled in front of any limit order in place at the same time - but now someone has said that a market order is converted to a limit order i have left this point a little vague...

Teach trade is a broker who as i understand it was an IB for PMB -but now that PMB has been bought by Refco - its seems that Refco has lost interest in retail customers and so are not supporting the ex PMB IBs Teachtrade is run by a big cheese at the CME who probably has the power to kick...

Archangel I personally dont use volume since i trade intraday trends and enter on the back of the main contract - i want to already be in a trade before volume causes the volume guys to jump in, although when i see them come in, i would add to my positition on a pull back when a test of a...

personally i dont know why anyone would worry too much about the emini quote anyway, as i only trade off the main contract and use that for my trading decisions, although i would not trade if the emini was contrary to the main contract, but it always comes back into line pretty quick

tymjnr are you talking about limit of market orders - surely ib dont hold market orders - and of course limit orders get held in a queue as they fall behind market orders in priority how did you know if the quotes you had on J Trader or on your data supplier ? how could you tell which was...

Tripack Of course price quotes are used to take positions - what i was trying to understand is how people use the price quotes off the IB interface I dont understand how someone could trade off the quote price on IB, without having a sophisticated graphing system in order to evaluate the...

surely no one is trying to trade off the quotes on IB or any other electronic platform The IB or J Trader interfaces are purely to allow you to enter trades - and the quote you would see on either is nothing to do with the price you might receive if you put a market order in - all price...

there is always someone who is going to believe stuff like this, or they figure they dont believe it, but they will pay to find out - i suspect that anyone who gets suckered into this sort of stuff is never going to make it as a trader everything you could ever want to know is in all the...

every book out there is as useless or as good as any other (none of them will make you money - that bit is up to you) - read them all and try to learn everything and then start applying it to trading and then read them all over again and start to develop your own style

its not that nic acts like a spotty kid - he is one - he is still at school! he sure acts like a spoilt brat - but thats just another string to his bow i bet please let there be lots of nics coming through, all losing money, and providing great liquidity i'll give him a five star...

its great that everyone on this site is communicating with nic - and he is just a spotty kid at school - who has not got a clue about life - let alone trading whats the chance of him making - who knows and who cares! he certainly doesn't come across as the sort of kid anyone is going to...

i have spoken with another trader on here who was 100% positive about IB and he was trying to scalp, so i guess it must be fine - but everyone is also real positive about J Trader, although Refco seem not to be supporting retail trade at the moment - which is impacting on their J trader clients

i dont use IB, but i used to use Esignal - and whilst i did not like them as a company - their data was preety much up to speed - however if the data on IB is from Globex, this should be a direct and unchecked feed direct from Globex via IB, whereas the data from Esignal will come from a...

nicholassegrue which college are you at and what are you studying

"My stop (market) was at $19.50 " are you saying that you put in a market order when the price showed at 19.50, but it was another few dollars before it got filled?

i have had a quick look back and i still find it strange that sterling and archangel are so positive about this program Do any professionals use it in the way that Tradestation and CQG are used throughout the industry – I don’t mean to suggest that professionals are the only ones who...

Archangel Its ironic that in telling me to grow up, you come across as being some spoilt kid in the playground I could not trade without the software i use - i watch 3 futures markets at a time, and their underlying cash markets in multiple time frames, and with the key indictors, and use...