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My biggest temptation is to place stop market entry orders on the ES for 20 cars just before the employment report tomorrow morning and hope to catch a wicked move for 10 points or more that puts me back to even in one fell swoop. But i won't...i'll just slog it out for the next 4-6 weeks...

Started dabbling in 95, trading in 99, completely amateur until i would say some time last year. Two complete wipeouts during that time. Now i develop and trade mostly using systems. I currently trade one intraday ES futures system that is more or less mean reversion, and one equities based...

Thanks Redneck - that is definitely something psychologically I am not capable of yet. Without a doubt I am still considering everything within the context of a single day to be related, and on big losing days that is leading me to bad decisions. Thats why rules like "only two losses per...

Yes, my discretionary losses today equaled about 8 discretionary wins. To net 8 discretionary wins in my system will take weeks (only one or two trades per day, usually), so its weeks of effort down the drain in one day. Live and learn...these events cause me to get a little more...

BPTrader i have been crushed before...Ive been trading about 10 years with two complete wipeouts, one after being up 1000% in a year (1999) and another about 4 years ago. I'm no longer at risk of that, but i seem to have developed a pattern of behavior where about once every 3 or 4 months i...

My time frame for discretionary trading is only intraday. Most of my trading is done via a system and its all swing trades, but i have been doing some discretionary intraday futures trading, all based on mean reversion. Anyway, my losses today were enough that it will probably take me two...

Rough day today...i developed a working mean reversion strategy a few months ago, and recognized from the outset that, while it was a solid producer, there were/are outlier days that are devastating to such an approach. I run this as both an automated and as a discretionary system. For my...

Recently started trading CL short term myself...finding it pretty easy so far. Avoiding all major events and just picking up .50 cent to $1 here and there.... maybe i will get burned, but not for much as i'm approaching it pretty carefully.

Thanks for the feedback... I am typically buying 1500 - 5000 shares at a pop. I'm not willing to use Ameritrade or Scotttrade or the like -- i just don't trust their routing. At the same time, I dont think i need to be paying $20-$30 bucks per execution either. One of the things Im...

Any swing traders out there trading 1k-5k shares per position? what kind of commissions are you paying?

Wondering if anyone can advise me on what good commission rates would be for equity swing trading. Most of the position sizes I'm trading are now usually between 1500 and 5000 shares, and with the .005 rate I'm getting at MBTrading the per trade commissions are getting a little ridiculous (~$30...

Not really slippage, per se...more like there seems to always be a 1/4 point variance on my system in live trading vs. backtest results. Not really sure why, other than maybe i'm just getting the bid price and the system is using last trade price.

Thanks for the feedback all...pretty much aligns with my expectations. I knew it to be a very liquid market but I was a bit worried about 7-8am. I'm not trading 50 yet but will probably be trading 20. Was just curious where I might run into problems. 20 may sound like a lot, but I'm...

Anyone have any idea what size orders i can place at the market on the ES without slippage? Can i get away with 50 contract orders? if so, whats the upper limit? Primarily will be trading between 7am and 4pm. Thanks

Fully automated with a 1:1 r/r I can achieve about 65% win rate. I'm guessing this can be significantly improved upon but this has been my experience.

Mandlebrotset - Everything i do considers volatility. My entries even exclude certain signals if they are too volatile (based on ATR as a % of pps). Anyway, in particular, position sizing and exit management is solely volatility based. Syrtrader -- Via backtesting this system...

Hallo folks So I have been developing automated systems for a while...most were either not really successful or there were a few that were successful but only based on current market conditions, which gave them a fairly short lifespan. Recently, over the last 12 months or so, I have...

this worked out terribly for me...thanks

off to a bad start

up 10 bucks so far