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it does look like it will freefall if it breaks 82.90

i got out too darn early...trying to get short again around .30

out at 83.27

SH 83.50 SL 83.70 let us see how this transpires.

are you still short

TZ, you have a good point...I'm in the process of doing just that...will be interesting to see what my historical data suggests. Ron, thanks for your feedback. I never said 2% was the proper risk amount on an intraday basis. In fact, the purpose of this thread was that I was feeling...

Thanks...that was very helpful.

cool, sounds like you are around .5% then on average, so similar to what i am thinking about doing. with regard to averaging down, i've been doing that extensively over the last couple of months and I've been making a killing. I'm up over 50% on the year and nearly 75% from trough in...

thanks nodoji! so are you at .4% per trade now on futures?

don't admit to the felonies

If any of you guys have a perspective on this i would appreciate your input! http://www.elitetrader.com/vb/showthread.php?threadid=196960

not a problem. you can cover your commissions, and you can also live on the profits, if your bankroll is big enough -- to his/her point. that said, my concern would simply be that .1% would be overly conservative and an inefficient use of capital. of course, i could be way offbase...

wow that seems awfully conservative. you could lose net-20 trades in a given day and only be down 2%. A lot worse than that can happen any given day when position trading. thanks for your input though -- you do confirm my suspicion that folks may be using much smaller size for...

thanks....was just curious.

Thanks for the feedback. I use 2% swing trading almost exclusively. The thing about using it daytrading is that it wouldn't be horribly unusual to lose 5 day trades in a row. Not saying it happens frequently but it's also not a rare event. I mean, with a 2% risk on an intraday...

may i ask why you did such a thing for the very first time, in the face of that closing bullshit?

It seems like many people who trade intraday just trade a certain number of contracts, or shoot for a certain dollar amount, with regard to trade sizing. I'm curious to hear from people who are using percent-risk position sizing on intraday trades. I really have just two questions: 1)...

yeah this market is surreal watchin these ES ticks over the last half hour has been like watching a robotic factory line..

i wish this would just hurry up and give me my 1198.50 so i can call it a day...

new rule: short in the mornings go long in the afternoons