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June cattle blows through Mon/Tues highs. This contract still looks bullish. Obviously not a top yet.

This is a good time of the year to be a buyer of beans.

You could probably get away with buying only the top 50 stocks in the index.

Live cattle prices seem to peak in March/April and trade sideways to lower into the summer . When there is a very hot summer look for liquidations which drive prices down. While I'm not picking a top yet, I am alert to topping signals. :cool:

That's where I am. I have one bread and butter strategy that I trade. Now its a profitable strategy but I find that I'd like to experiment with other strategies. The new, experimental strategy may end up losing some of the money that I'm making, though. I'm wrestling with the idea of...

It looks like a June live cattle topping formation if we see a close below 72.40.

The "trading contest" has started by now, is there anyone on this board in the contest ?

Great. Thanks Baron.

Where do you get this stuff, Walther ?

I know what you mean trader99. Just imagine having a trade that started out as a scalp for $200 turn out to be a $4500 winner in a few days. When something like that happens to a person, they'll change their mind about chopping off those winners.

The time is now 3 minutes before Thursday's close I hope now you can tell that your intuition (of the market feeling heavy) was right on target.

Try dropping down to 100 shares ... you wont feel as much pain when/if the stock goes against you.

Traders of Cattle, Hogs, Sugar, Cocoa, Coffee, Grains, Interest Rate futures etc. should have discussions under the Futures section.

How many losers in a row are typical with this daytrading system? Have you defined under which circumstances most of your losers occur?

I think Thursday and Friday should prove to be days to take profits and or hedge positions. S&P's are gapping down at the opening. There's a chance we'll see the 900 level in the S&P's IMHO of course.

Very insightful, in fact I'm also an ES daytrader and I agree totally. I guess I should ask my question a better way. Assuming that you're trading according to a system that has positive expectancy, do you think that you're in the middle of a typical drawdown having had 2 down days, 4 losing...

I'd like to read a legitimate study conducted on the percentage of traders that fail. I don't believe that the number is that low.

Why do you think that these trades didn't work out?

Why InvestorR/T when you have Esignal. Doesn't esignal have what you need?

The P/L model has its bad points (from the point of view of the prop firm). The more exposure to the market, the higher the risk for the prop firm. With the commission model, the company was never exposed to market risk. The trader would methodically grind his/her account into commission...