Search results

Yesterday I recovered from my early errors. I did it mainly with shorts on the Micro Russell M2k, which was the weakest of the 4 indices. Look at the trade at 8:46 (10:46 ET). Don't you hate it when your stop is the high tick/pip? LOL Here is the official number from AMP futures for...

This market was all over the place today. And I was wrong about a bigger thrust down after the pop. It was just more of the same. I am sure the volatility is related to the impeachment trial in the senate since there were no major news reports today. I think we all need to keep it tight to...

Do you know how to do a screen capture? On windows 10 it is called "snipping tool" and you can grab a small chart to post easily. But of course, if you post more than a couple it might be more appropriate to post in your own journal! HAHA. (They are easy to make here on ET). I will come...

That's funny. Hair on fire! The father of a friend of mine is in his 90's as is trading daily. I think this is great Alzheimer's prevention! So you are now looking for some swing trading, rather than day trading it sounds like...

Phil, I think what the other readers on ET want to see before anyone posts "naked" profits is at least one of these (1) Entries parameters in writing (2) or Show the chart (3) Discuss risk parameters (stops set?) (4) Anything that is relevant to the mindset. In other words, always try to...

Great job!!! Are you recording some of the action in a journal here on ET?

My new layout on the Micros. All stops in place at $20 each, which is 16 ticks on MES and 40 on the MNQ, MYM, and M2k. You can see the first loss of the day on MNQ. -$20. I am still short on the other 3. The market took a big hit overnight, and I think it will continue. (You can also see...

I went through the overleveraging process on many accounts, specifically when I was trading FX. I had a broker that allowed 1000:1 leverage. Really!!! In contrast, USA brokers only allow 50:1 leverage. Why did the CFTC or NFA institute this cap? Because self-decapitation is the norm for...

Range bars are my favorite, but I use several kinds and will post more charts soon.

This is a great reminder. Technical trading is purely chart based.

Some people say have a dollar goal. Others have a tick goal. Some say just have a process goal. I don't think it really matters, as long as you have your brain engaged and are willing to walk away with nothing or even a loss on bad days and come back ready to succeed the next day, putting the...

It is a great question. I think $500 per micro is the minimum. The margin requirement for the MES/MNQ/MYM/M2K is about $50 with most brokers. It may be as high as $100. But I think you should have at least $1000 to start. And as I posted above, if you are just starting out, I really...

Hi. I just checked with AMP, and they confirmed $.78 round trip on the micros, and $4.10 on the Eminis.

Thanks for the post Mark. (I know you meant "Ohana Trading" chat room. Even though it is free, I have to be very careful not to discuss it here on ET.)

(I am referencing E-mini's, not micros below. And I am assuming profitable exits.) I have a friend that usually takes just 1 to 3 big swings a day. He will enter a trade and an initial stop at $150 to $200 per NQ contract and then watch as the trade (hopefully) gets some traction. He will...

You are up $4k in 2 weeks with a 73% win rate and an average per-trade net profit of $10. This is awesome! Please start a journal and share the link here? Your progress is certainly worth tracking. I have been looking at swing trading, and I can see the appeal. But for now I will try to be...

FUTURES TRAINING #1 The Natural Progression My journey to this point has been a very long and painful one. If someone came to me in real life and asked if they should day trade futures or FX or anything else, I would say "NO. Don't do it. Don't waste your time and money. The markets are all...

Great summary @jl1575. Thanks. Very insightful. I am in the #2 group still, but I am much closer to #1 than many traders. I know a few #1 traders. In this journal I hope to document my full transition into a #1 trader.

Hahaha. Look at my trades from yesterday. All short. So is my bias long? Nope! In fact my macro bias has been very bearish - to my detriment. This incorrect short bias has been my big challenge as the freight train continues to barrel up the hill with each tweet and Fed funny-money magic...

Thanks so much for the great post. Shorts at rollover tops? Check. Shorts in consolidation ranges? Check. Shorts in an expansion downtrend? Check. Long trades in ranges? Check. Long trades from "oversold"? Check. Long trades in expansions to the upside? NOT SO GOOD YET. Eradicating the...