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  1. Picaso

    On Meditation

    Great thread, thanks for sharing! :) Best trading, Jorge
  2. Picaso

    20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008

    Yesterday: I had work to catch up on, so I stayed at the office doing overtime (European time)... what could go on the day before inventories... missed the move completely. Today: market stop at 137.45, got filled at the end of the line at 136.3 - about 480 contracts got filled before mine...
  3. Picaso

    Taking 103K to 1.2million by Year End 2008

    Yeah, could open a Starbucks :D
  4. Picaso

    Taking 103K to 1.2million by Year End 2008

    Hi Neke, Sorry about your loss, but think about this: you're up for the year and you have great weeks (I know, I know 10% up for a week is not that great to you) too regularly to be just a matter of random luck. It just seems that every once in a while you get in a downward spiral and start...
  5. Picaso

    shortest distance per 1 contract to $200 profit per day is...

    Hi Champion, What's your stop-loss for trading with 10 tick targets? I trade with an 8 tick hard stop loss, although if it moves 4-5 ticks against me I get out (when I can) before it's hit. My target is usually around 50 ticks, but I've been thinking lately of using smaller targets (10-20)...
  6. Picaso

    Trading Oil intraday

    Hi Maildigger, Have you continued to test your strategy? Best trading, Jorge
  7. Picaso

    NYMEX Energy - Globex Time and Sales

    Hi, where could I find T&S for CL and QM, please? Thank you, Jorge
  8. Picaso

    Newbie futures question

    In most firms you have to cough up the whole margin (as of today almost 12,000 USD), but in a few they have lower intraday margins (as low as 2,000, I hear, although I trade with IB and it is the full margin). There is also a e-mini contract at half the price and size. So in order to make...
  9. Picaso

    Taking 103K to 1.2million by Year End 2008

    Amen to that. Good to see you up again, Neke. What's your plan for the next half of the year? Are you going to revise your target/plan? Do you have a monetary goal to quit your job or will it be a function of how well you're trading. Man, it really takes some cojones to take those 10%...
  10. Picaso

    Pictures of your trading stations

    Hahahaha, that was funny BigHog, I like your smiley, where did you get it? Just for the record: -Trade for myself, not interested in a job -36 years old -Backpacked round the world... if you know what I mean :p -No zits, but hey I've been there! -Never had a PS, XBox, etc. and *almost*...
  11. Picaso

    Pictures of your trading stations

    So true Baldur! By the way, nice station, but how do you absorb all that information at the same time? Or do you use most screens for a preliminary analysis and then concentrate on just a few graphs? Best trading, Jorge
  12. Picaso

    Pictures of your trading stations

    Hey! You use a gamepad for entering trades? I thought I was the only one! (I had never seen anyone else do it, crap I thought I was so unique and original). How exactly do you use it? Just for scalping, news/high volatility, or regular trades? Best trading, Jorge
  13. Picaso

    What are realistic goals for an 18-year old swing/position trader?

    TraderGreq, First of all, best luck in your endeavor, it's always great to see somebody young, ambitious and determined. FWIW, I suggest you consider the following (not that you do it, but that you think about it and see if you might want to make some adjustments to your plan): 1) This...
  14. Picaso

    A scalper invitation to scalpers

    So true, Cutten, thank you for the great post on tactics. Incognito, thank you for opening the thread and particularly for your comments on entering on the counter after the stops have been run. Any specific ideas on how to keep the thread serious and productive? Increasenow, even though...
  15. Picaso

    Taking 103K to 1.2million by Year End 2008

    Sorry about your week Neke :( FWIW, I think that when trading out of the money options that are about to expire you have to seriously consider the possibility of them expiring worthless (or quickly dropping to near zero before you have the chance to sell them). Therefore, as Target0 points...
  16. Picaso

    Taking 103K to 1.2million by Year End 2008

    Good to see you're up (I would say that 7% is way better thank just "ok", but I know you're a perfectionist :D ) Good job, keep it up! Best trading, Jorge
  17. Picaso

    Taking 103K to 1.2million by Year End 2008

    Sorry about your loss, Neke. What do you think that happened? Was it lack of tuning in with the market, a deviation from your plan...? Hey, at least you didn't short oil. Have a nice weekend, I'm sure next week week you'll get back on track. Best trading, Jorge
  18. Picaso

    Taking 103K to 1.2million by Year End 2008

    Hi Neke, I'm glad that you ended up positive, you're still keeping a really good average lately and hey, as long as you don't incur in huge losses you know that the good and double good weeks are going to be there. Do you have a cut-off trading point where if you lose x amount for the day...
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