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Thanks, I guess!!! I am in the Pacific time zone. I missed the rally today but am convinced that my set-up works, so feeling good about it since the market will be here tomorrow. There were 2 more long signals after 11 pst, that I did not take and which would have been profitable because...

Doctor's Appt. so could not trade. There was a long set-up at 8.05 which would have been filled and profitable for 8 pts.

One of the things that I noticed going over my paper trading journal was that most of my profitable trades were before 11 pst. I will trade during that time only unless it is a strong up day. The positive thing about all my losses is that the market has declined significantly after me...

I had anoter loss day but I consider it to be fairly good day because I followed all my plans. At 7.03 am, there was a long signal but I did not take it because price had retracted more than 2/3rds. Yesterday I took similar trades and got stopped out several times. Had I taken the trade, I would...

No, right now it's just a matter of finding one set-up that works and mastering it. As I get better results I will look into shorting too.

I have been paper trading this strategy for the past few months and even on a down day, there is usually 1 or 2 profitable set-up; that is good for 8 pts. I tried to use the reverse conditions for short and got stopped out often even on big down days. If I can make money while the market is up...

Today I made wrong trades one after another. The market opened low and started selling right away. I should have been a little more patient. Basically I got stopped out on all my trades. After the first loss, there was another buy signal at 7.53 pst. The buy-limit was 76, stop was 74.5 and...

Trying to keep records and jot my thoughts down. I trade NQ (1-4) lots. Start with 1, if it is profitable, next trade will be 2 and then 2 or 4. Never trade more than 4. I do not use any indicators, just prices on different time frames. Stop is usually less than 3 pts. and target is 8-10...

No trade today. When the market is very strong or very weak, my set-up does not work.

As I was learning about trading, I was asked whether I thought the market was going up or down. I always had my opinion but I was told that none of those matter if you are trading intraday. You buy if it is above an MA and sell if it is beow an MA. Then I asked what is the right MA to use...

I agree......I do not want to size up too fast but I mentioned it to say that I have enough money to trade 2-5 contracts. My stops are 5-10 points per trade but the win ratio is really good. I will start posting my regular trades starting 2010.

It's been a while since I posted here and I spent few months learning and losing money. Three months ago I met someone that traded for a living and was willing to teach me too. I started with $2,400 and started trading the NQ. I have made $870 so far this month trading 1 NQ. Although this is...

I looked at other stocks like YHOO and QQQQ and in their case C-P = So (or pretty close). If someone wants to buy Citi here, doesn't it make sense to buy calls and sell puts instead of buying C stocks. The payoff seems to be the same but the cost is a little less. I see the same thing with...

Mark, Another question........ C June 09 $5 calls are selling at .35 and puts are selling at 2.39. If we were to sell puts and buy calls that will give us the ownership of the stock at 5-2.39+.35 = 2.96. Citi closed at 3.65. Without considering bid-ask spread or commissions, is there an...

Thanks a lot Mark. I knew that I would get an answer here and I've bookmarked your blog.

I have 500 DNDN that I picked between $5 and $7. I'll like to take some money (on 200 shares) around $20. A buddy of mine told me to write Jan 11 $20 calls for 200 shares which is trading around $7. My question is if I am short calls and get called away I can still keep all the premium can't...

Stopped out 22.50...trailing stop.

I've got a sell-limit at 21.25, stop 25.25.

Potential long set-up forming here.

Yes, I did and it is still different. IB has average bars in DI and average bars in ADX and both of those are set at 9. In ninja the only option is the average bars in ADX which I set to 9. This might be one reason why we were seeing different readings few days ago.