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Just keep in mind, you don't need to widen your stops to go for bigger gains, so your account size shouldn't be a problem. I use about a 1-1.5 stop when going for 4-5 pts. jmo!

Just curious, why target just 1 es point? Even if you're just starting out, the idea is to find the best opportunities available during the day, and the ES makes 1 pt moves every 10 seconds or so -- how are you going to differentiate noise from edge? JMO, there's a million ways to skin a...

Try setting stops after entry, and only double down after you get stopped out. Get stopped out on the double, then triple down after it's gone even lower. Anytime you enter at a higher price than your previous stopped out level, you can only buy one unit. A modified martingale perhaps, use...

Any sites out there that give daily or intraday (delayed is fine) charts on coporate issues?

It's good to hear you've been treading water, but don't expect profits to magically come if you don't feel like making any changes. To have been able to keep your account afloat on the sea of slippage and commission you must be doing something right. So sit down. Look at your trading...

http://www.guardian.co.uk/Print/0,3858,4466121,00.html http://www.futuresource.com/charts/charts.asp?type=future,index&bartype=candle&year=02&STUDY2=&x=18&symbols=COZ02&symlist=CO&size=LARGE&STUDY3=&y=4&month=Z&study=NONE&r=&STUDY0=&STUDY1=&bardensity=HIGH&period=D Now that's a trade :)

Nice trend. No way to trade this on IB??

Oldtrader said it best, why do people think they can beat the market using some technical indicator that tells you you should have bought 3 minutes ago? The majority of people here (judging by which threads get the most attention) seem to be only interested in getting some "grey" box indicator...

Got a msg from Realtick, Worldcom packet loss . . .

Been using IB for a month now, Globex trading goes down perhaps once per day on avg, and usually for about 30 seconds (at the most a minute or 2). Just my experience, using standalone version.

I'm also having a problem with my RealTick, with charts and level 2 -- a backbone glitch somewhere?

Another question: round numbers based on interbank quotes, as opposed to futures quotes, would be more significant? Meaning 122 JPY/USD would be where the whole number R/S would be, not say .8200 for the JPZ2 -- correct?

How technically oriented would you guys say these markets are? I can remember huge swings in the Yen back in 95 (I think it went from 130/dlr to 80 and then back again) that seemed to have little to do with fundamentals.

I could just have easily cited Paul Tudor Jones, Marty Schwartz, Linda Raschke etc and say "notice how they all made it big playing the short term/not playing for the big trends" -- there's no one way to do things. Looking for one big trade to set you up for life sounds like more like an...

You really have a way with words, guy. You sound like you already know exactly how things should be done, why pretend you want to discuss anything and just say you want to "tell it like it is"? :) Mike, all I meant was that a trader who widens his stops and goes for home runs will definitely...

Wavetrader, I've been in the same boat, after a winning streak you naturally want to increase size, but with futures margins being what they are even adding a single lot could really throw off your future expectancy/drawdown. Overconfidence was probably a factor in perhaps making you less rigid...

Quah seems to be doing ok with adding a second series of entries into the close; why not try to figure out what exactly this system is taking advantage of and try to find ways to push the edge to its max? Not like he can't just change it back if it doesn't suit him :)

I think it depends on what kind of trader you are -- trend or bottom/top picker -- or depending upon the trade, both even. Some people only try to pick bottoms/tops since they are uncomfortable with wide stops, others go for the meat of the move but must sit through wider drawdowns. I think...

KLAC seemed due for a bounce back, but beyond end-of-quarter markup I don't see much more room to run. This stock is definitely one of the names more prone to squeezing, will probably peak a bit past its 20-day DMA around 31 as other short-sellers step aside for the time being.

I guess the biggest difference mentally is the fact that you always have a hard stop in, instead of casually watching the position go against you and think "oh well, i'll just add some more down here." For me I was getting too lax about positions going against me and got into a habit of...