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You can trade options on QQQ.

I'm short 1 nq (1007.00) and hanging on. Any longs out there?

I use stop orders with J-trader on the Globex all the time. Listed as "Stop#" in the menu. I'll take a stab at this... please correct me if i'm wrong: The Globex has only two kinds of orders: Market and Limit. When you place a stop order in J-Trader, it is termed a "synthetic" order...

I should have mentioned, in my tests I found a trailing stop works equally well in the long run. It turned out to be bigger than I originally supposed it should be (10 NQ pts).

I trade NQ futures with a simple statistical approach. I close the trade once the market has moved 2-3% in my direction. How did I get this number? Backtesting. Many times I feel uncomfortable keeping it open, but it has worked out so far. I hope that one day I can be less mechanical...

(1) Does the system still have a profitible year? (2) Is the position so large that a day like that would wipe out the account? Sounds like more a of money management issue. Position should be small enough to limit catastophic failure to 20% of total equity, something along those...

Is it possible to get FOREX charts in QCharts?

You were wrong about the market, can't argue about that. If you follow trends, you might want to take a second look at some of your other beliefs. .:p

You got me.. I was going to ask what a 'fractal derivative' was..

He has a lot of good things to say. But beginners should not mistake his service for a trading method. S/R levels are ingredients, but not a method.

That's because it's impossible to predict. Trailing stops are good, but you have to backtest to find a decent # of pts to trail. The devil is in the details. I know a good support/resistance trader who tightens up the stop and/or takes partial profits when he gets near the next level, as...

The way to do it is by backtesting your trading method and finding out how much the historical drawdowns were. They can be quite a lot. I trade NQ with the 285 period SMA on the 5-minute chart. My drawdowns are sometimes nearly 100 points.. thats $2,000, just trading a single contract...

To experiment try www.fxcm.com. They'll give you a free simulation account. Also, with real money you can trade $10,000 lots ($50 margin) so you can open an account with only a few grand (I think the minimum is $300). Personally I am thinking about trading the smallest size lot on a 40-60...

This is some great advice. Your worst enemy is the feeling of "missing out". You've got to test your ideas first, in two ways: backtesting-- PROPERLY DONE-- and paper trading. If you have a good trading method, it will always work in the long run, no need to jump in right away. The main...

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