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I've experienced success with averaging down & up... As previously stated, it comes down to proper money/risk mgmt and trade mgmt (scaling out/in). Even on yesterday, with the market's decline, I employed avg down with scaling out and was profitable. However, I understand that in trading...

Would you be willing to refer me to a Sterling API coder, as I'm willing to pay? I currently trade with IB as well; however, I need the leverage from a prop firm, as my strategy demands more than $1m in daily BP. With IB, I have a bit more than $50k, which only gives me about $150k in buying...

Thanks for the reply Shreddog, Is it a situation of using Visual Basic (VB) or using DDE for automation with excel and sterling? I understand that DDE has some security issues, and that Object Linking & Embedding (OLE) is the way to go. Does Sterling allow for OLE? Ultimately, I'll need...

Lescor (or anyone who trades with Sterling Pro), Are there any sources (chat rooms or informational sites) that can help with API coding through Excel? I suppose it would include VBA or/and DDE knowledge. How similar would this be to IB's API? (Although I am inexperienced with IB's API...

I'll hedge the basket with an etf...

For me, it basically boils down to fading the support/resistance levels on stocks "in-play", with the understanding that I may need to: (1) keep my stops tight and re-enter at a better price; (2) scale-in a time or two at the most; (3) reverse direction from a fade to a trend; or (4) hedge and...

would you care to site the source where you the info about Bob Bright?

Hi ChaosNSX, I had an opportunity to review the "Welcome" page on your Chat Room. It sounds like something that I'm very interested in joining. Lately, I'm more of a Mean Reversion trader; however, I am very interested in adding intraday trend strategies for diversification (i.e. risk...

Lescor, If you don't mind, how much did you pay for the automation features that help you to execute and exit your trades? I have a quote of almost $10k for the coding of two gray box strategies in Sterling and Interactive Brokers. Do you think that's reasonable? I received lower...

Hi Don, Are you still planning on posting a June spreadsheet? thanks, Walt

Does anyone know of a good trading room that's accepting traders. I have a few very specific strategies that I would like to share. These strats have their benefits and detriments. Perhaps other traders can provide insights on how to improve these strategies while benefiting from the strong...

Hi Big, It's hard to determine your track record. Would you be willing to state how many winners/losers/scratch trades you had on a daily or weekly basis... For example, with today as a down day, it seems that most of your trades were an attempt to time the reversals... unless I...

thanks for your reply, Big... I agree that it sure seems that 92.00 is a strong support level... Walt btw... do you plan on posting a weekly PnL summary?

Hi Big, I understand that you trade price action and volume; however, do you ever consider other confirming setups, such as the velocity of price movement or the stochastic confirmation of support/resistance levels? Good job on your detailed jornal journey... I believe it's going to be a...

Lescor, Have you tried stops & reverses, instead of hedging with SPY, and achieved success? thanks, Walter

Does anyone have any pairs trading experience with high beta/volatility stocks against the index (such as dia or spy) etf? thanks, Walt

Hi Lescor, I guess the strategy you explained below was the primary reason why you had the big win on Friday...?? Or was some other strategy the major reason? thanks, Walt

So Lescor, Are you "pairs/spread trading" with the SPY? The basis of most pair trading strategies are to bet on the two instruments reverting back after diverting from each other... thanks, Walt

Needless to say, options have their own bag of challenges, such as: - wider bid/ask spreads (especially when volaility is increasing) - slippage, higher premiums as the volatility increases (which exacerbates the theta effect) - the impact on the greeks relative to the expiration date...

Options are ideal for hedging, as that was their original intent. However, when one hedges with a stock, such as spy, it effectively is the same as closing out shares of the stock that you are trying to hedge. In other words, instead of buying spy to hedge against a short exposure of a given...