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12-17-2009 Total trades: 10 RT winner: 8 wash: 2 net P/L: 4.5 point I broke one of my trading rules for I didn't trade single contract for the entire day. At 3:10, I added second contract after channel breakout and throwback test failure. The reasons were, 1. I had made some points so...

Day trading vs intermediate term speculation Some people might think daytrading is harder than inetrmediate term speculation. Some might think the opposite is true. Most intermediate term speculators are probabbly can be classified as swing traders. Day traders use scalping or swing or both...

12-15-2009 FOMC rate decision day My trading plan: no trade from 2:15 to 2:45 ET. Total trades: 10 RT winner: 8 loser:1 wash trade 1 net P/L: 4.75 pts SPX open range 1113-1114, pivot zone 1109.73 to 1108.53. Gapped up in the morning, traded above open rangeg and then fell back...

Sometimes, net gain/loss per contract per trade can be used to evaluate scalping performance. For example, if daily average gain is 0.5 pt per contract per trade (daily net P/L devided by total number of contract traded), then the attached table gives you idea what the winning trade/losing...

12-15-2009 Total trades: 12 RT wining trades: 8 losing trades: 4 net P/L: 2.0 points Yesterday's close of SPX is ablove pivoting range. This morning SPX gap down below pivoting range and retest up pivoting range 1113 and failed to break thru. Today is bearish biased. Open range 1103.5...

12-14-2009 total number of trades: 10 RT net P/L: 3.75 pts 3 losing trades 7 wining trades Started around 11:30 ET. ESH10E spiked to 1113 last night soon after the Dubai news release. 1113 was retested later on, but failed to break above it. Future was sold down at open to retest 1105...

Hello, I'd like to conduct a statistical study of trading performance of professional/experienced scalpers. I'd like to use this information to improve my scalping technique. I am particularly interested in ES mini day scalpers. Here are my questions: (1) What is your average point...

12-11-2009 Here is the brief summary of today's trades. Total trades: 14 winner: 8 loser: 6 winning trade range: 0.25-1.25 pts losing trade range: 0.25-1.0 pt net P/L: 1.75 pts. I forgot to cancel one stop order after I've exited a trade. It has cost me 1pt for fixing the msitake...

I am creating this journal to record my thoughts regarding my daily trading performance and observations from time to time. I have been paper trading since middle Oct this year through my ThinkorSwim account. Until recently, I realized some problem with TOS's paper trading algorithm, which...

Thank you all for your comments. Especially NT has made excellents points regarding simulation vs live order execution though it is definitely too technical for most of us. Here are something I learned based on my research of internet trading forums. 1. ES order execution is based on FIFO...

I have order execution question for ES mini daytrader, especially scalper. I started paper trading Emini recently. I've used ThinkorSwim and another simulator software. My observation is, in ToS, my limit order will always get filled as soon as last sale price touches it, however, in the other...