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Will download and study, thank you. Joe

Taking a long trade in ES, simulator of course. Buying 2 positions at 1247 with a stop at 1235 and a first target of 1262. Joe

Question to the experienced equity traders reading the journal. First of all, thank you for responding, appreciate the time you take to help a stranger. When trading different instruments the shares required naturally change due to stop placement and share value. What suggestions do you...

I cannot stand the feeling of hope when I'm in a losing position, therefore, adding to a loser is absolutely incompatible with me. Either things are going my way or I rather take the stop. On the unfortunate times where it goes nowhere and just idles itself sideways, I would much rather...

Trading / Money management plan as of 08/02/11 Capital usage per trade 6000.00 until consistency in cash is witnessed. Max risk per trade 1-2%, approx. 60.00-120.00, give or take price action. All positions must be closed before 4PM EST unless trading ETFs then 8PM EST is applied...

The account got funded. Need to learn how to integrate NT with IB and learn how to use IB, that's gonna take a bit of time. Lots to read. Joe

I think all I really need to study your method is a Market Profile add on for NT. Will do some research. Thanks Ammo Joe

The sentiment is the same with you. I have read your posts and teachings in the ES journal from B1S1, you are a kind person. Any ideas how I can get nipples and cleavages in Ninja Trader ? By the way the names crack me up :D Joe

Mostly through computer repair books and magazine articles, with experience I was able to improve dramatically, although I'm not sure how to compare myself against others. I was very honest in my line of work and kept a clean area, responsible with the hours and respectful with coworkers...

Used to fix broken personal computers for a small local shop, prior to that a different shop but same line of work. Worked 10-12 hours a day to be able to supply the family but no matter how much I wanted to continue, the company just could not keep me due to the recession. Nowadays most...

Thank you for the kind words. I have no opinion on the markets, it would be worthless as I have no idea how to predict markets long term. All I know is the US indices cannot go to 0, unlike companies, and that over the of course of time they tend to have a bullish or sideways tendency...

Thank you for the thoughtful and honest reply. Please allow me to comment now. I won't lose my capital, at most I will lose 40k and with constant risk I don't see that happening anytime soon. The job market out there is no good. I've tried, no one wants a middle age guy with no formal...

That is the plan and I plan to trade it. Joe

Blew up 1st year Blew up 2nd year Minor gains 3rd year Started to get disciplined and the trading changed. Good gains 4th year Good gains 5th year Nothing extraordinary but was able to beat the typical investment vehicles. Ditching indicators and trading the plan made the...

Five years on the simulator and a little scared going cash so starting with very very small amounts. :p Joe

Some extra cash was sent, not to trade but for long term investment. Most likely Verizon or ATT as if it was a certificate of deposit. Holding time 1 year+ Wife approved :) Joe

Applied for IB account and got accepted. Waiting for funds to clear now, sent a personal check, yes I know I'm old school :) Discipline is key! Joe

Just checked both, lendingclub looks very interesting but as I was doing the research found out my state is not listed as one of the accepted ones, bummer, cause it does look like a good option for a portion of the capital. Thanks for your links, learned something new, wonderful advice. Joe

Thank you for your insights, all valid and logical although I think I'm required to have a margin account to short securities. Joe

Thanks for the suggestion but I must respectfully disagree. Leverage is the last thing I need. Price action techniques I have already tested and in simulator they work just fine. I just need to test my execution with live trading to see if I can handle the disciplinary requirements...