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If your pursuit of Assent lands you in an Assent sub LLC, be weary of the "program" as a newbie. Commissions could be extremely high and the "mentoring" might be extremely immature, amateurish and way too narrow focused for newbies. This is not a dig on Assent or it's subs, just select your...

yep - everyone in sub LLC's have to get the 7. or you can trade retail w 25k

I program my own. Depends on how complex the strategy is. I've written some in a few minutes - others took days worth of work. Some programs you can find already done and free to download off certain automated trading sights.

i use Tradestation for similar strategies - very robust and should do that

they sell their techniques and start prop firms:D

why not just move a small portion of your lot to breakeven but keep your original stop/exit ? that way if your reason for being in the trade (pattern/trend) breaks down it will reduce your exposure but no kill the trade

you should join the thread titled "Anyone had massive drawdown before ?" stop losses are there to protect against a break in the pattern, trend, astrological phenomena or whatever you reason for being in the trade is. if your reason fails you have to get the f' out.

drawdowns are unrealized. so your stop loss was 50% of entry and you covered ? or better question is why didn't you run a tighter stop like at 2% ?

printing more money has put our dollar in the toilet - uh ...supply and demand

I see your point, but we both are using "if's" in our analysis. I agree if stock is near high he could be exhausting and showing his final hand and/or a last ditch effort to get 'public' involved by showing some bid size. Also if the size was on the offer near the high I would probably be more...

Well based on that it "appears" Bullish as we have bid size on a round number. Having a last print (price and size) would help immensely. 56k on bid could be window dressing. 100s on offer could be show for a dark pool - I would need to know if the bid is being taken and reducing; is either...

pristine.com has educational trading DVD's you can purchase . they might be a good place to start. :cool:

Yeah HolyGrail - good point - market actually had some direction today

IMO a good trading system is one in which you can close + or flat every day/week and + every month. If you are able to consistently pay yourself you are beating the odds and 90% of all other traders out there.

market movement is as bad as any day lately. like many i have had to change my intra-day style to work with b.s. low volume market chop.

if u have done so well why not crank up that system with a few shares and get off paper ? the said key barrier to becoming a successful trader is overcoming emotions and there is non with paper. if you are seeking absolute system perfection before you go live you might be in for a rude awakening...

id your holding period- u guerrilla, swing or position trading ? have exits in mind to prevent the big losses. if ur exit gets hit but stock moves back in your favour - just get back in if you were right. Rather than going for home runs try intra-day trading w very small shares and even just...

Anyone having success tape reading the NYSE hybrid ? Seems to me NYSE is doing everything it can to make trading their system just about impossible for all intra-day traders.