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Long 1354.00

Stopped out.

Short 1356.00 Stop at 1357.50 Profit at 1353.00

No, I'm just curious. Saying mastery is another word for perfection means there are no masters at anything in the world.

oh, how delightfully droll. yes, indeed.

to pull out of the market per day on average across a year for you to consider him a master?

Chickened out. Took profits at 1328.75.

Short 2 ES at 1334.00 Stop loss set at 1335.50 Profit at 1327.50

I see. Thanks, Don. I'll take a look at the spreadsheet sample.

If you follow the trade ideas link, you'll see expected ratio under the Sector/Index Correlation. In this case, it's 0.8576 compared to XLE. In other words, when XLE moves a dollar, XOM will move 85 cents. That's what I'm looking for. I'd like to know how far WMT moves when IBM moves a...

Is there anywhere I can get the expected ratio between any two S&P 500 stocks for free? For example, on trade ideas, you can get the expected ratio between XOM and XLE(http://www.trade-ideas.com/StockInfo/XOM/EXXON_MOBIL_CORP.html). But not the ratio between IBM and WMT.

That wasn't an insult towards him; rather a comment on SwiftTrade. To the op- 1) What do you know about SwiftTrade Toronto? 2) What are you expecting based on what you know? 3) How old are you?

You should find out for yourself. If you can talk to the head trainer without drooling all over yourself(too much), you're hired.

I'm saying that price-action traders would have the confidence to know when to use maximum leverage.

How can a trading method based purely on price action ever go obsolete?

I'm not saying technical analysis is useless as I've made money from it. It's just now that every time I want to develop something new, I'm automatically thinking in terms of R & S, volume, moving averages, indicators, etc. I'm locked into that mode of thinking I'm looking for a different...

Assuming you're talking about the ES, a 5 point stop is huge to me because I look at volume bars and price levels in combination with how Level II reacts (size of bids/asks + depth), so my entries are down to the tick. If you're going by pure technical analysis and aiming for pivot trades...

Thanks for the advice. Your trade management rules make sense. I'll continue trading the way I am currently, then crunch the results EOD against the rules you listed and hopefully get closer to the sweet spot.

I agree. That $425 loser actually went $800 against me at first. I held it till it came all the way back to -$75. Of course, I didn't punch out and that sinking feeling got 10x worse when it started going back down. I oughta just punch myself in the balls for every loser that's larger...

I've tried the NQs which I like, but I keep fantasizing about the day where I can sling around 100+ contracts with little slippage. For that, ES seems to be the way to go.