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If there's one thing I've learned about FOMC days it's to not play that news directly, let the crazy get worked out and then move in. I even made some early short calls when I should have been staying out or going long. It all ended up working out after I caught a short at the FOMC high plus had...

If you're referring to the 20th question I meant specifically what happened with your approach that you feel you could have done better and not necessarily FOMC related moves on that day.

This right here folks! The rest of your comments I also agree with. There's no single point of realization but the more one spends doing it the more they understand at a more innate level how simple the markets actually are. They're not 1+1 simple, but aside from occasional "wtf was that?"...

This is wrong. 0.01/100 == 0.0001

IMO, the only thing that matters is volume (which is why tick charts which coalesce large trades into the same unit as smaller trades lose information). What matters is size - you need to be aware of size, when it's present and when it isn't, for that's what actually moves the markets around...

http://en.wikipedia.org/wiki/Gambler%27s_fallacy

If you're at the inside of the book your order gets filled as part of the queue of orders at that position. 5 people want 5, you get filled. 1 person wants 25, you get filled. 25 people want 1, you get filled. If you're not at the inside of the book your order waits until it is. It's also...

This is all noob trader stuff though. You need to be aware of this thing happening and STOP to figure out what's going on. I feel like this conversation is going in circles because it's common sense but the dysfunction is attempting to be justified with "go big or go home" irrationalities.

You just said yourself you were up 30% and now are down 30%. So how is said strategy actually making you money?

Disagree. It's a sign of bad risk management and overconfidence. What exactly is wrong with "whatever I am doing is not working for me right now - I need to stop and reflect on what is going wrong." ? It's just common sense. If what you are doing is not working, stop and figure out why BEFORE...

Just noticed this one: UPDATE 2-CFTC says CME directed to beef up 'spoofing' enforcement (Updates with comments from CME's Terry Duffy, more comments from Massad, link to a related CFTC story) By Sarah N. Lynch May 14 (Reuters) - The top U.S. derivatives regulator said on Thursday that his...

Yes, I get that, but if you're hemorrhaging you stop what you're doing.

One reason I was considering QTrader is because it had charts. I obviously don't need fancy charting with it as I use Sierra for other chart-intensive outright trading, but for spreads I'd prefer it have the ability to chart natives and synthetics without pissing me off. I don't think CQG trader...

I'd say start reducing size if you're on a relentless losing streak that you don't understand the root cause of. I totally get the 1% a day thing - but if you're 2 weeks into this you have to stop and reflect.

Trend has been up for 5 years straight. Of course it's going to look that way. The point here is looking past the curtain.

As an IB customer issues like this are one of the reasons I've been looking into opening an account with DDT using CQG QTrader. The frustrating thing is IB is capable of making exchange spreads work better (DOM, charts [which are a mess right now]) and if they would just do that less of us would...

It's just wallpapering.

If you're losing 30% in two days I'd argue you're doing something wrong.

You say it as if some of them actually have a choice in the matter or the means to actually afford college from which to achieve a better career.

If you just want to chart a spread of relative strength stop using a difference function and just chart the division.