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cdbern, I see what you are saying here, how did you overcome this problem I find myself that it is too easy to try to talk yourself out of a trade if you think that the market "looks weak" therefore I am working torwards finding a good profit target to look for on every trade, however it is...

I see what you are saying and this will be a bigger problem when the S&P index Average daily range eventually expands, however for now this is the plan and I intend to take no more than an 8 point loss on a day. If you think about it though this would mean this situation is not very likely to...

Here is my official trading plan, always being updated and revised.

Chart for 1-5-04 This chart will likely draw a lot of criticism concerning my stops, however the only problem I notice with my stops is on trade #1 where I should have kept the stop further out. Trade #1: The biggest problem here was that I moved my stop in too close too soon. The reason...

First day of LIVE TRADES Before I get onto today's trades I must first thank everyone over @ #FuturesTrades for their help. I highly encourage any aspiring traders to make their way over there the chat room is free and I found it to be very helpful today. Trades for 1-5-04 Trade #1...

He writes a column bi weekly for tradingmarkets.com , I find the column to be very vague in terms of his actual strategy however his insight is very valuable. He usually writes about things like losing streaks, the psychology of trading you know the basic sorts of things. I have no idea how...

Instead of posting account statement information here I plan on posting my trades in #FuturesTrades on IRC as soon as I become a member there.

voodster this is how I currently take my screenshots that I post in my journal, while this is effective for chart screen shots I had heard rumors that these types of pics can be modified from their altered versions to reveal the original. In the case of something like a profit and loss...

Starting on monday I will begin to do live trades. I have been working on an official trading plan that I will post sometime this weekend, this plan represents how I plan to trade and my judgement of my trading will be based on how well I can follow this plan. Although the plan I am posting...

Dominic you commented on this in my journal but I feel this is a more appropriate place to discuss it. If I were you I would seriously consider scaling back the amount of contracts you are trading. For right now you should be trading 2 contracts at most, and even I feel that is a strech...

porgie, I assume that by you making these comments you have found that by analyzing your MAE you have found that it is most profitable to have a stop this large and still retain a good system at the same time. If you have not done something like this then I highly suggest you do. By simply...

playme4u2c2: You have a good point and in fact this was something I had been considering as well. Although I had still planned to trade today I decided against it the night before. I am still considering trading next monday and tuesday however. So once again no action today, looks...

Well so much for trading today, after sleeping horribly and waking up to trade I could tell immediately I was not in the right state of mind to be trading. I went back to bed and got up to trade for the last hour or so but there were trades triggered during that time so as a result no live...

Tomorrow will be my first day of live trading. I am going to limit myself to three trades total. With a maximum of a 4 point loss on the day (this number will change throughout time but it seems like a safe number for now). I may trade on tuesday, but it remains questionable as of now. I...

Porgie I definetly agree with you when it comes to trading more than one contract. There is no reason for me to get more contracts than I am currently trading. This last comment about my stops though I just do not see what you are talking about, please provide some sort of proof or some...

Good call James Stock, Im not really sure how I got lumped into the T-REX blacklist but somehow it happened. As far as the poll goes I would have to say there isn't enough time left in the year to reach 1100, however if we can clear 1090 there is a good chance it could get there before the...

Dominic thanks for the encouragement. Currently I am planning on going live sometime within the next week, considering making my first trade as early as Monday. I am quite excited and very anxious to begin trading for real.

I show all of the trades that I have taken for the day. If I was not awake to take a setup or not around, why would I post the trade ? I do not trade from about 9-10:30 and therefore never take any trades during this time period. So on friday if I had traded all of the setups that occured...

Before this thread gets going I thought I should post this. I recieved this Private message from oten on 12-12-03 06:25 PM: Pardon the intrusion, but you can earn over 250% return a month Final Opportunity for FREE 2-week Trial Dear Fellow Trader: If you are one of the few...

I vote for neither.