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Depending on the environment, the situation, and the setup, I may shoot for a target but I predominantly attempt to manage most trades so that I might be able to take advantage of a significant extension if one should develop. I am, generally, targeting areas where I believe these types of...

gordo: “...does it seem realistic to make a decent living (around $50,000min, or better) with $20,000 trading capital?” IMHO, an experienced one-lot trader can make the kind of money you’ve suggested with a 20K account. Personally, I'd think a screen trader would have an extremely...

JS11374: “In fact, it only tells you whether the S&P will rise, remain neutral, or fall next month.” I’m wondering what specifically defines a neutral determination. I assume this is measured against the close of the previous month. Is there any overlap of the definition boundaries...

JS11374: “The result is that the machine is accurate about the directional changes in the S&P one month forward at 90% of the time.” Being correct about directional changes doesn’t tell you much about its long-term profitability. The system's P/L and winning percentage are completely...

Vishnu: “Don't make up new rules in the middle of the day. Pretend you are a robot and your system is your boss. You can change it at night.” Absolutely fabulous and practical advice. Spoken like a supreme deity. During the course of my trading career, I’ve kept a journal in which...

vinigar: “thats abiet,abeit,abeit,abeit thats all folks.” Damn, ya nailed it! That’s a much better Porky impression than mine. I’m jealous. :)

I believe you're running the latest version and from what I understand from Patsystems tech support the software updates itself when new versions are available.

Thanks for the clarification, def.

Magna: “tradeRX = shortnfool = Bucky Lee = Buck Naked = Doogie Hoser” LOL. I remember your post. I’ve got my own little list of the nefarious tradeRX aliases. Hey RX, what happen to the good ol’ days of the “What if…” thread...

tntneo: “JTrader must check with the broker your margin limits etc… when you talk directly to Globex this information is not available.” That’s what I figured. What risk of “ruin” were you alluding to, though, in your post prior to the one above? Thanks.

uptik2000: “doogie, you're a real friggin jackass.” :) Man, that sounds familiar. Where did I hear that before…? Oh yea, ME! Who says history doesn't repeat itself? http://www.elitetrader.com/vb/showthread.php?s=&postid=12727#post12727 New suit, same RX.

tntneo: “'cause you could ruin yourself with a mistake, if allowed by the software…” What is it that you are referring to, neo? I would imagine that there must be some sort of risk control built into the software.

I failed to mention that, according to a tech I’ve spoken with, J-Trader is connected directly to Globex2 via the FIX API while IB's TWS is not directly connected. This may not be accurate but it certainly syncs up with my experiences with IB’s platform. How much those milliseconds affect...

larrybf: "Any recomendations for a jtrader broker?" Not really. Most of my Mini trading is done through PMB, right now, though.

larrybf: "can the trading screen be resized and adjusted?" Yup. The only things I haven't been able to resize are the login and DOM windows.

larrybf: "will it (J-Trader) be an improvement over what I use now(IB)?" I have access to both platforms. I prefer J-Trader but I understand how you'd feel that it could be "big and clumsy". It does take up too much space. The bottom line is that I've had far too many problems with IB's...

praetorian: “I think i'm decent, not good, definately not great, Im up almost 200% with a bit over 2 months to go.” I’d say you’re a lot better than “decent” if you’re up 200% on sizeable starting capital and you continue to do that year after year. “If I were given 25k...

Magna: “We've got some pretty good experienced traders on this board, how many can honestly say they've multiplied their total account value X4 this year?” I think I’m good. I know I’m experienced. And I can honestly say... I have not quadrupled my trading equity this year. I hope...

tntneo: “I like to use a combination of targets and trailing. A part of my position will be assigned a target and another part will wait until it is time to pull out.” Yea, same here. I scale into positions, at times, and I almost always scale out. I will unload portions of my position...

michaelday: “I think that the main point you were trying to get across is importance of Market Sentiment (direction, bias) on any given day and need to adjust one's strategy accordingly.” That’d be one of the points I was conveying. Most important in my mind, though, is the importance...