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1) capital, as has been said. even with remarkable returns (and generally more risk) unless you have 100k to trade with bare minimum (and even with that much, you'll need a night job), you will not be able to support yourself, let alone a wife or family. 250k is a good cutoff that others have...

well, we are traders, so we dont just have rules, we read the market... how strong is the trend moving at the present moment, has it slowed down? is it possible to trade 1/2 or 1/4 size to minimize risk and commission until you know the trend is underway? what are your indicators telling...

went short at $1205.75 current price is @ $1196.5, considering closing out for the night.... despite all this bearish news the markets keep rallying, otherwse I could leave this position up all night without much fear, I blame the algos!

that trend was lackluster.... reversing and going long at $1205.5 P/L (points) = 0 after commission/spread/etc

short /ES @ $1205.75 stop is somewhere around 1207, if I get stopped out I'll probably be looking to re-enter

why exactly is prop not as profitable....? i read that report that that one guy made about not hiring any new people and laying off the deadbeats from his prop shop and how sad he was, but he didn't really indicate what about the markets meant trading isnt working for them...

...yeah that's retarded, if it was an american bank, i'd say good on you, since americans dont know how to riot TBTF is not a european concept, there will be riots and blood and the bank will fall

out at 1150, steams running out P/L (points): +3 thoughts: wish i got in on this one sooner, i think im going to wish i stayed in this one, but markets moving fast the other way (volume, momentum indicator wise) i liked the entrance on this, im not thrilled about the exit yet...the...

short /ES at 1153 justification: indicators have been screaming at me for awhile, hope i'm not too late, just didn't trust the price till now my stop is somewhere around 1154 or 1155

out at 1159.5 P/L: 1.25 points for 2 contracts, 2.25 for 2 contracts thoughts: this was another "reversal" play, i should probably cut them out of my playbook altogether, I'm actually NEVER right unless the trend is already in place, not sure what I'm thinking pre-empting reversals....

doubled down @ 1158.25, momentum was picking up, i'll be keeping a close eye on this trade since its so short term, so i'm going 4 contracts short

short ES @ 1159.25 justification: momentum turning down, stochastic momentum index in the red, price has had a hard time getting past 1160 all day, starting to tick down, new heiken-ashi trend emerging on all time frames goal: i don't see a huge surge coming here, probably just a minor...

im interested as well

right now i mainly stick to YM, ES, NQ, and TF I'm looking to branch out a bit, as these babies tend to all do the same thing... OR DO THEY: i'm wondering which ones tend to lead the others, which ones are lagging, and how they are related anyways, what are some other...

i'm an ES/TF trader, i know close to nothing about stocks, what their tickers are i'm looking for stocks that trend from 1 hour to 2 days please give me the ticker a little information about the company/stock why you like to play this stock anything else is highly appreciated

flat NQ @ 2192 p/l (points): 35 - that's 175% the daily range of NQ, not bad for 1 trade! exit criteria: new Heiken-Ashi trend on 5 min chart, momentum flat or reversing on all charts, SMI changing direction, this one has steam left in it, but i'm sick of trading it, not a huge fan of...

long NQ @ 2157 even reason for entry: technicals, positive momentum, hopefully catching the upsurge of a big trend my stop is somewhere around 2151 or 2152 depending on what happens to momentum

flat TF @ 659.4 P/L (points): $1.20 could've gotten out at 663... some valuable lessons learned 1) overtrading the night sesh is never a good idea 2) i resisted the urge here to "reverse" my position, but remembered the 1,000,000x where this has failed me, i'm glad I finally have...

flat @ $658.60 P/L (points): 6.90 thoughts: i'm glad I rode this one out, it's a significant gain seeing as how my entry was less than fashionably late... exit cue: going to sleep soon, new Heiken-Ashi trend on 15m(and lower) charts, 1 hour bar ticking up, Rate of Change approaching...

My last journal wasn't very thorough, this one I intend to make extremely thorough and detailed. If someone can glean something from it, that's awesome, but I don't intend to give away any secrets really, maybe here and there. I tend to trade off of a few specific indicators and timeframes...