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Summary 07-Dec to 09-Dec (higher margin account) <b>$2,342</b> I know I said I am a "swing" trader (I am trying to establish my LONG positions), but knowing the s/r levels along with the still uncertain volatility - I have opted to take some profits. I will like to present a...

Summary 07-Dec to 09-Dec (lower margin account) <b>$2,365</b>

LOL - back from my fitful afternoon rest. Looks like futures are "behaving" with <i>only</i> a 5 point trading range. My higher margin account is basically FLAT with the NQ hedge. Until I see further conviction on the part of larger investors, I'll be similarly positioned. Today, I heard...

With the market wanting to look like it is at a <b><i>crossroads. . .</i></b> I'll leave 1NQ LONG (overnight) in a $40k account (it is up $20k since March 2008). In another account I am "hedging" my 1EMD LONG with 2NQ SHORT. If we go up in the next 10 minutes I will add another 1NQ SHORT...

Way to go - calling this dump WR! :eek:

For now...what I am seeing is lower highs and lower lows in our decent to the 874 profit target - then a sharp rebound to close substantially higher around the 895-900 range (still down for the day). Hedge fund redemptions? Maybe we will totally break down. I don't know. But I closed one...

I do not have all the fancy tools many of you have, but what do you think? The intra-day levels show that the YM, NQ and ES have now moved past the Line In The Sand and have traded below the "break down" level. Are you buying it? What I mean is do you see this as a breakdown or a...

Regarding today's market, thus far it has been an "inside" or consolidation day. We've had some strong gains and now they need to be digested. I take an especially close look at Nasdaq and NYSE volume when coupled with index price gains and declines. It give me an excellent snapshot of what...

a word regarding "proper" money management (well, it works alright for me). There seems to be a few different schools of thought. Most e-mini traders will "scalp" or day-trade desired setups, using specific profit targets and stops. Usually these traders will only risk a certain small...

Feel free to subscribe to this thread. I'm not sure it will of that much use, but we can share thoughts and ideas. One of the things I find very useful came from a thread right here on ET. TradePilotPro1's (Joe Baker) <b>"S&P daily pivots and break-down & up Targets</b>...

Sorry, no Joab. I meant to start this thread in "Journals" not "Career Trader". I asked the mods to move it.

Now a bit more on the types of systems I manage: I feel like the odd man out, because I usually hold positions for days. ET is a scalpers paradise, so I do not know if anyone here can relate to a "swing" trader. I do welcome any suggestions you may have regarding a better avenue to forum...

a little bit on my <b>Bio</b>. 48 yrs. (young?) I now feel old. Maybe it is from trading futures, even though my approach to system design is quite simple to manage. Well I am not <i>that</i> old! I grew up in Southern California and spent my engineering "career" in Northern California...

More infomation regarding the systems I manage can be found by clicking my profile: <b>"paysense"</b> You may PM (Private Message) me at any time and I have changed my ET account options to allow receipt of email.

<b>Trading for a Living Journals The place for keeping a daily journal of wins, losses, and <i>anything else related to your quest of becoming a better trader</i></b> (sounds good to me). Greetings to All: Now that I am a little more familiar with the <b>EliteTrader</b>...

yo! :cool:

I see the market trying to rally - due to Xmas? Perhaps. Will it have legs or die after two weeks? Hmmm Only Mr. "Row" knows, lol.

I agree that it is ALWAYS interesting to see what the market will do - even with three recent "failed" rally attempts! Such is the beast called a Bear Market. Just don't go all-in, let the market come to you. There will be plenty of upside once it bottoms.p$ :)

RFT wants to know how I make money? NOT calling micro tops and bottoms. The majority of my positions are BULLISH or BEARISH with macro trends from the indexes. I may hedge or take contract positions either way along the way. . .but trust and believe well within reason I target the MACRO...

He's gone and I asked the hard question. Yup, I am a math scholar. Blame me.gA :mad: Edit: certainly NOT like the scholars they hire at hedge fund companies from insane colleges like MIT!