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He meant 50 BIG MAN contracts of course -- them professionals in chitown dont bother with no emini mouse crap! :) :D :p

True, but I don't think that's the issue at hand here. We're just looking for a way to exit a trade without risk of getting both an open stop and a market order executed at same time, or conversely leaving yourself exposed by having to cancel the stop order first. Good question :)

Yes sending a second OCA does work: send a stop order with an OCA label, then you can setup a market or limit order with same label which will cancel the first stop order upon execution. It's still a bit of a pain, but better than nothing -- as long as you have a few seconds to setup the...

If your system is designed to follow trends then obviously this week was not ideal for you. But just because market conditions for the last few days haven't worked out in your favor is no reason for you to be revamping your system. You're not exactly being a greedy pig for holding out for...

so true!! I wish! sigh . . . :)

IMO, pride is the source of just about all of the psychological pain you place on yourself while trading -- from not getting out of a losing trade to beating yourself up for not taking the most out of a winning trade -- it's all due to ego. There's a fine line between "motivation" and...

That might work, will give it a shot tomorrow, thx.

I need a key to convert the stop to market, not make a separate market or exit order. In a quick moving market this saves you a step of first canceling the stop order then sending a second exit order; exiting first can result in getting both the market and stop order executed. Any...

Is there a way to convert an open stop order into a market order, preferably with a single key?

Is there a site where we can get the rollover information for the most liquid months to trade in the gold minis? Why is it not October?

I'd imagine that the most capable traders -- those who have an iron-clad grip on discipline, excellent patience, and an uncanny sense of timing -- are able to consistently take money out of the market purely on the movement of the tape, without the need for an explicitly laid out (programmable)...

Alot of problems like this are psychological in nature, but there's alot you can do to minimize the likelihood they occur. Most importantly, you must trade with confidence, without second guessing or looking back at what could have been, and in order to do that you need to develop a hard...

So you would ride down the ES 20 straight points only to get out 4 points from the bottom? Doesn't make much sense. Why so afraid of setting stops? If you're experience with them makes you paranoid about setting them, then work on your timing and patience. But trade w/o stops (and using...

(harrytrader's mailbox): Do you think you could rewrite some of your posts in laymen's terms so we could better understand what you are trying to say? harrytrader: EDIT------>COPY [hee hee!]-----> PASTE . . . PASTE . . . PASTE . . . :D

Someone once said "The joy of winning and pain of losing are right up there with the pain of winning and joy of losing." Makes perfect sense! On the other hand, in an industry with 90%+ failure rate, a fear of failure is almost moot, no? :) :) :)

Mechanical system trading and intuitive or so-called "gut feel" trading may seems like complete opposite approaches, but I'm wondering if it's just a matter of the degree to which one can identify/verbalize/program the triggers and factors that "made you" take (or not take) the trade that makes...

10 yr note barely budged, until about 10 seconds after the bottom then they rallied a bit. But if any of the above were true the bond markets would have spiked in tandem. Also the fact that the NQ touched its low twice while the es never got close to 975 the second time also marked the move...

My point is . . . ultimately my opinion, that's all. I apologize if I offended you, I just remember cringing and gagging at the theater during that particular scene -- they tried to do Mamet and came up milquetoast (you know I've been waiting years to use that word!) :D The quote I...

You people need to stop quoting Boiler Room, how that half-baked redundant movie has anything to do with trading is beyond me (sorry, but I can't believe someone actually quoted Ben Affleck's crappy monologue -- please rent GlenGarry Glen Ross whoever that was and see what exactly he was trying...

Tradernet - The options are fairly illiquid relative to the stock. Steve - thanks for the quick response.