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Captain, Yeah that's the idea. 5 grand 2 pt stops, with daytrade margin you can survive a 50% drawdown. Now with 4 pt stops, then it's 10k per contract. And when I am experimenting with Bollinger Bands it's one contract regardless.

hey hardcash, Are you fading the bands or trading with them? Only reason I ask is because I have only recently started fooling around with channels, and I noticed with bands set at 20/2 and channels at 30, that it just seems to me that the best fades occur when the bands are well within the...

Capt, I figure 5 grand per contract. $50 bucks a point. That's what I work with.

exer, Yeah me too. Speaking of hard stops and fast markets, I like fast fills as much as the next guy, but there's nothing worse than entering a hard stop and getting an immediate fill.

There had to have been some money involved somewhere. Maybe the little daytraders were making Dad's full service broker look bad, so they put the screws to the SEC and told them to, "Shut them down before we lose a whole generation of clients!"

At any rate, do the math, 1 pt a day is 1% a day. If 1% a day isn't enough then you should run for office or something. And I don't care what anybody says, it is HARD to make one pt a day, five points a week, 20 pts a month. Now, it isn't hard at all to make 6 pts in one day. Or 18 pts...

Slippage! What Slippage? We aint got no stinkin slippage! There is no slippage on globex. You can buy the ask or sell the bid whenever you want. Slippage is when you send an order into a pit. Sort of like sending a virgin into a pit of perverts. They have their way and you get back a...

yeah hybrid, when the market returns to normal, only people who trade normally will make money. So the only way your system will work over time is if the market strats trading this way normally. Then all the normal traders will continue to lose money because they will be trading a market...

It's not a style, it generates as many as whatever I am doing now generates. I was up all night trying to work out the numbers and they are not so good as I suspected. Based on 100 trades what I don't know is how many show me a 3 tick profit at some point in their life, I'm guessing 75 so of...

If the trade survives the entry plus one tick stop, then I go back to following the indicators which got me into the trade. This all started because I was tired of getting stopped out when my indicators were telling me the trade was still strong. My indicators are set so they will usually...

Buckeye, I can usually tell just by what someone writes whether they have what it takes to trade. There is a guy who writes books and gives lectures. He makes these wonderful analysis, but then sums it all up with the wrong conclusion. He admits he is a good technician but a poor trader...

No scalping for me. I am looking for 6 handles. It's just there is an arbitrary short circuit I have placed on the trade based on nothing more than my p/l. There is one interesting aspect though, If I am right on the entry, it should behave right, and when it behaves right, it doesn't move...

Here's what I've been doing for the last several days. Not sure what affect it will have over time, probably not good. When I'm up 3 ticks I give the market one and only chance. It's either my way or the highway. For example: long at even, market goes to .75. There it must go up to even to...

doubt you will find anything you can't find already on cnbc or bloomberg. I don't watch tv when I trade, but if you keep it muted, Bloomberg has a very nice text format which they keep on the screen, even during commercials. And there is a big red flash anytime there is breaking news. (And it...

It's good to watch it until you've proven to yourself that you don't need to watch it anymore. And I'm serious. And not just depth and t/s. There are many things you can watch and after you figure out how they work, you don't need to watch them anymore because you already know what they are...

First of all, you guys should come down to the futures forum, that's almost all we talk about is e mini. First danger sign: You start thinking there is something wrong with your stops. 2nd danger sign: You start tweaking the values on your indicators. 3rd danger sign: You start thinking...

Man, I read through all that just to get here? Let me re write the story. A woman made money. How did she do it? She bought more stocks that went up instead of down.

That's the best incentive I've heard yet. That's the kind of "encouragement" I got when I started trading. If only one in a thousand can do it. Those are the kind of opportunities I like, the ones where only the very best succeed. Banjo, if the first tick doesn't go your way, you enter a...

To a true scalper, the most important number is the amount of scratch trades he can make to cover costs. I don't know how it is on globex, but on the floor the fee is waived for scratch trades, so they can usually make hundereds of scratch trades for every win. But they are just trading for 1...

defina, You crack me up. Some trading shrinks might even say your chances are better when the system is down. I've used j-trader and tws. About the same in everyway. people think they are getting fast fills with their broker. ALL brokers have fast fills on e mini. J trader takes up the...