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Wait a sec. This whole "selling half after x ticks profit and letting the other half ride with a stop loss set at entry + 1 tick..." I was thinking what an awesome idea that is until I realized that in addition to increasing your winners, it's also going to DOUBLE your losses. The only...

Isn't there always an equal number of buyers and sellers at any given point?

I just made a +2 tick trade and made $25.00. Then I made a -2 tick trade and lost $24.99. The first one was long and the second one was short. Do you get credited interest on short positions or something? I'm sure there's an obvious reason for this...

Trading with a gamepad? I thought you were joking. That's brilliant!

A lot of people like those, but i don't like the fact that when the screen is dark (chart background or maybe you're waching a dark movie), you can see your own reflection. Same thing for those glossy HDTVs and monitors.

I'm looking at some of the financial futures and it seems like the volume on some of them is really low. Do you ever get bad slippage because of this (as compared to spot fx)?

All the futures I was watching (Indexes, 6E, 6B, ZN) all dropped significantly in like 2 seconds. Did I miss a news release or something? Can you get those on the web? I don't really have a TV within the vicinity of my computer :D

I've never used IB. Just out of curiosity, how does it interface with your IB account then if you don't have to enter your login info?

I've been using it with Scottrade for over a year with no problems. It just needs to account information to access the broker's servers in order to get chart data (and possibly order data if QT supports orders with your broker; I can't place orders through Scottrade with QT so this doesn't...

Hi bilbod, The general impression I got from this thread and from some PM's I received is that this is supposed to be a scalping method and I was doing it "wrong" by holding my trades for so long. That's the reason I was reducing my profit targets rather than letting the market stop me out.

That supports what I was saying. But most stuff I've read (claiming to have been backtested) always says that smaller profit targets yielded better results overall so that's why I was surprised when my data was the opposite.

Here's something interesting: I thought I was holding my trades too long. I wasn't exiting for scalp profits, but was instead holding them until the FastMA reversed. I backtested all my data exiting each trade after 10 ticks of profit, and while in some cases it caused me to have more...

That's what I was thinking, too, but I see this happen a lot where the new entry is close to/past the previous high/low and the trade is wildly profitable:

depends on what your criteria for "strongest" and "weakest" is. once you figure it out, i would go enter it at www.stockfetcher.com and scan there.

Any advice for dealing with these situations? Other than situations like that, I'm doing ok. The only thing I can think of would be that maybe those the 3 losing trades shown above began too close to the previous high or previous low... ? edit - n/m it can't be that. There's plenty...

I thought about that, but what if one of your strategies is insanely profitable. What's to keep them from keeping it for themselves and telling you it wasn't profitable?

I'm reading his book, "Pit Bull," right now. I do kind of like his reasons for explaining why he's a scalper. He said he's not one of those people who is content being right 3 or 4 times out of 10 (when those 3 or 4 wins more than make up for the 6 or 7 losses); he has to be right 7 or 8 times...

What other detail do you need? Trailing/adjusting stops? a { Say you have a setup, x. Sometimes x yields 50 ticks, sometimes x yields 10 ticks and then turns into a loser, sometimes x yields 10 ticks, goes back down to 5 or 1 or -1 and then goes up to 50 ticks, and sometimes x...

That's the other thing I was thinking about doing. Of course, I can't really cover half if I'm only trading one contract :D Do you use bracket orders for this? Or do you watch everything like a hawk?

That's exactly what I'm planning on doing. I have every trade for the last month in an Excel document already. That's what I'm hoping to find.