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I've been always wondering how to cut losses, I know I should do what the market tells me to do, I'm not looking for that kind of answers. Here is the scenario: Assume I buy reversal according to oversold and a few other indicators (or other trading strategies), I had a good setup and entered...

I see dax seems to move too fast sometimes, you may not act fast enough to cut your loss.

How do you guys handle the drastic move against you, like 30 points? Or it's just a normal risk you are ready to take when trading dax? I guess dax is not for small accounts like $30K.

DAX seems a lot more riskier than es, the price moves too drastically, I didn't dare to try it after watched it for a week.

I like to have goals, I even have different goals for emini and stocks. I have an easily attainable goal so that I can stop trading happily at any time, I also have a maximum profit goal and will force myself to stop trading when it reaches. With these goals I'm a happier trader and less likely...

I trade emini during off hours of US stock market, it's slow and manageable for a new emini trader like me.

I'm a day trader, today is actually my best day ever. I've been breaking my profit record every a few days for weeks. I like slightly bearish market.

After-hours trading is minimal, I don't think there is enough data to form a chart. The price is random, I wouldn't worry about it unless there is big news or financial report.

Still doing well with average down, actually it's getting better day by day, only a few small losing trades because there was no enough time, now I don't open new positions after 2PM, or even after 1 PM. I'm now good at catching the bottom (reversal or small rally), in most cases I'm right on...

Wow, that's impressive. My 6-year old boy has difficulties with basic math like 4+5.

If you enter too early, you have the chance to get even by average down; if you enter too late, your only option may be cutting losses.

Go f*uk yourself.

No, no plan to make the switch. TWS alone is well worth the commission fee.

Many thanks for the info, then I would stop searching the treasure without regrets. lol A billion shares? I read it as "million" the first time and thought it was insane. As a day trader I can only trade 2000 shares at the moment.

Thanks! "Rebate trading" in the article did get my attention, I looked around, but some article suggests that it's no longer relevant. IB seems to require a huge volume to reward rebates.

Only futures? What's their website?

Very interesting, if their business model is sustainable, it will change the broker business drastically. I think I will give it a try. Thanks, it's a little cheaper than IB for average-volume traders.

Wow, sounds too good to be true, has anyone tried it?

I'm using IB and very happy with the low commission, I thought IB had the lowest for retail traders. I'm very surprised to read the Wiki page on day trading, is this really true? Anyone know such brokers? https://en.wikipedia.org/wiki/Day_trading

Yes, you are absolutely right. As a new trader doing everything alone, I want to know how other day traders are doing things in many aspects, to know the options, to open my eyes, no necessarily to follow their steps.