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11/19/2002 Trade #1 Non-system trade. The market gaps down, then the first 30-min bar is broken to the downside. I waited for a pull back to 895.75 and shorted it with 3 contracts hoping for a sell down like has happened many times the last month. I was stopped out for a loss of (2.5 x 3...

11/18/2002 Trade #1 Skipped the first system trade which was long at yesterday’s close. This resulted in a System loss of 1.00 ES point per contract, but no actual loss. The system is shooting 33% on this first trade this month, so I’m allowing discretion until the market shows follow...

Thanks for the comments x-or. I skipped my systems buy entry of Friday's close because this first trade is responsible for most of my losses this month. I know this is taboo for strictly following a system, but I've decided to use discretion on the first trade until this market starts...

I agree that 4 contracts was too much. I think two will be my minimum and then I'll work back up after a week of good discipline. One contract seems so small now, but I agree if I can't follow it with one, I sure can't with four.

I thought the creation wasn't supposed to be greater than the creator? Guess I've proved this wrong. Oh well, things will change or on to a more user friendly system. It's much easier to trade a system with 10 trades a day, because each one represents a small profit or loss, but with only 1-2...

Took two trades today. Trade #1 Went short at 898.50 after the sell down past the pivot, held until the reversal in the late afternoon and covered @ 902.50 for a loss of (4 x 2 x 50=$400). Looking at this months trades, my first trade is only 33% accurate and has lost me a combined 9.25...

Pretty fast, maybe the IB takes a cut? :D :D

I think the tests are harder than a normal IQ test, so the average persons results should be similar to a German Shepherds.

For reference, I believe a dog has an IQ of 60.

Correct.

I don't understand how this is possible consistently unless your broker is slow in transmitting. If there's no middleman messing around, how is it possible to get screwed like that on a consistent basis?

If you're going to use stops, or stop limits with a little cushion on the limit price, I would plan on zero slippage up to a reasonable number of contracts for testing. This is my real life experience. Market orders I don't know for sure.

To me slippage is defined as the difference between the price that was attempted and the price that was received. With a limit order obviously you get your price or no fill. With a Stop you are buying at the ask and selling at the bid, so you will have zero slippage up to X contracts with a...

A contractor estimated that one of her two bricklayers would take 9 hours to build a certain wall and the other 10 hours. However, she knew from experience that when they worked together, 10 fewer bricks were laid per hour. Since she was in a hurry, she put both workers on the job and found it...

Yes, correct. 6

Test your IQ: http://www.highiqsociety.org/noflash/nonmembers/iqtests.htm?IQ

There are 10 socks of each of the following colors in a drawer: blue, green, red, yellow & white, for a total of 50 socks. If the socks are randomly distributed in the drawer (i.e. not in pairs or any other grouping), & you are blindfolded, what is the minimum number socks you must draw from the...

I sure love these big daily ranges. Was tempted to hold after the HOD breakout but couldn't imagine who would want to hold overnight going into a weekend of spectacular terrorist attacks. That doesn't mean it won't rally to the close but I think the odds are against it. My system says stay in...

Why don't you close your account and go harass another broker. Some of us like the low rates and innovation. We don't need some malinformed taking cheap shots and possibly ruining it for all of us. GO BACK TO CHARLES SCHWAB. :confused:

No system or actual trades today. I hope my system reverts to its mean soon. The win/loss ratio this month has been terrible at .9 to 1.0 with a 50% win rate. The average is 2.2 and 55% for the last 13 months. The fundamentals will return eventually and my system will plow forward. ACTUAL...