Search results

thanks Nodoji... I appreciate your feedback :)

Hey Nodoji, Would you mind sharing your trade log from yesterday. Although you were frustrated with so many consecutive b/e trades, it's quite amazing that you were able to achieve b/e on your trades that failed. Whereas, I would have been stopped out several times with a 15 tick loss on...

Hey Lescor, Are you still primarily doing OPG and other basket rtm type trades? Walt

Thanks... something I'm earnestly trying to master is filtering the breakout setups with volume and velocity. However, it's still a work in progress...

Hi Nodoji, At the risk of seeming like an imbosol, what are the "4 basic price action setups" you're referencing? thanks, Walt

Hey Jw... I've followed your thread on short straddles. It's interesting that you'd consider an Iron Butterfly, since the cost of insurance (i.e. long wings) is sooo high... I think TivTheTrader has it right, short straddles (or even short strangles) seems to be the best route if one is...

Excellent point...

"work-in-progress" with a day's gain of almost $1.oo... surely you jest. Most traders would send a note to Jack Schwager asking to be included in his next book if they could sustain the type of performance you had today :) If you're not careful, performances like this will soon get you...

thanks for the detail... btw, good move on your "stop & reverse" trade at 5:06 am. What propelled you to enter the buy stop orders before being down 15 ticks? What do you think of the following trade mgmt strategy: "allowing your winners to run by moving your stop from b/e to your target...

Hi Nodoji, If I remember correctly, did you say that you typically move your stops to b/e when you're up about 10 ticks? Nonetheless, on your last trade how many ticks were you up when you moved your stop to b/e, & what caused you to prematurely move it to b/e... (if you don't mind sharing)...

thanks... however, aren't they pretty much equivalent on a notational basis?

Which would have less slippage during RTH: a) 50,000 share order of SPY b) 100 contracts order of ES thanks, Walter

Timing is everything... is there a way to automate your setup, so that even if you're away from your desk, the trade will be executed? btw, what would have happened to those 8 scratch trades if you relaxed your rule for moving your stops to b/e? thanks, Walt

Please let us know when you're coming out with your book. Your insights, performance and writing skills would make you an instant success as an Author. As I understand it, you keep copious notes and enjoy writing... It would be a natural fit! btw... hopefully, you'll offer a nice discount...

You're right... as that can be sooo frustrating... Well, as Steve Cohen said, this is a business where you simply will lose often. He said that most of his good traders only win about 55% of the time, and his best trader only wins about 60% of the time. Therefore, it's critical to have trade...

Perhaps a way to continue with the strategy of moving the stops to b/e and to catch a potentially big move is to do the following: suppose price retraces and closes out at b/e, when it changes direction again, then re-enter at b/e or slightly beyond the b/e point. Hopefully, this makes sense...

NoDoji, Do you move your stops to b/e after a designated amount of tick in your favor? For ex, once you're up by 10 ticks, then you move your stop to b/e... Thanks for being such an inspiration. thanks, Walter

NoDoji, What would your win/loss rate be with and without using b/e? For consistency sake, I guess you'd exclude the b/e trades in determining the current win/loss ratio. For example, if you had 13 trades (6 wins, 4 losses, & 3 b/e), then the calculation would be 6/10 (60% win rate) & 4/10...

NoDoji, Your contributions are worth it's volume in gold. It's truly appreciated by those of us still trying to gain confidence in this business. A fundamental issue I struggle with is whether or not to scale out of my trades. Although it hampers the risk:reward ratio, it helps on days...

use an "opg" order, not market order... check with your broker...