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Here's something basic: learn the market you are going to trade as a specific market. Know what that thing is, its nature, what causes it to move, who the other players are and what they are looking at, what differentiates this market from any other, how this market relates and reacts to...

Point being, you can let yourself go awol in equities and probably still come out alive by 4pm -- much more forgiving. In futures every day can be your last, they will give you that much rope if you take it.

Just discretionary -- tape reading, news reactions, intermarket stuff etc. I assume volume on globex is the best guesstimate for overall rate of transactions, thought obviously incomplete.

Sry for that post. There are a few of us here and there who trade mostly currencies (futures here). I think most of those who trade retail spot haven't really been trading long, it's a relatively young crowd who chose forex mostly because of small account minimums. Those that have been...

Isn't it great? :)

And you can blow out your account 10x as fast! :D

It's not the nominal range that is important to the way you trade, it's getting enough relative range, compared to what you have lost in the time beforehand to make up for it. But again, that is all besides the point, the question you need to ask is why are you increasing risk on losers in...

If you're trading futures, you really don't need much more than minimum margin in the account, what is the rest for? Get a cash account to sweep into, leave just enough to trade a an increased proportional size (maybe a bit more for wiggle room and "sure things") and consider % risk out of...

That begs the question, does his system consistently show that he is choosing key reversal points, so that outsized moves will occur based on a previously failed trade? If so he doesn't need to increase size to show a profit. Or is he just flipping and reversing bigger just to get even? That...

You know that you are basically expecting an outsized move in the latter part of the session to bail you out, right? But what if it doesn't happen? (see attachment) Then what? You might end up going overnight short, with size, while indices are all making new highs . . .

Try IB, trade on globex.

Nothing works in the long run that is dependent upon "starting small" in order to add on losers. I hope you don't find this out the hard way after you go full-time or full-size, whichever. 10x more opportunities to feed your broker, more like it :) Don't take things the wrong way, I'm...

How about in a few months, a la 1st quarter '00?

The mental security you require involves a very high worst-case scenario cost. I'll take a wild guess and say you don't close out the profitable position until, at minimum, the losses on your previous trades are "wiped clean"? As opposed to actually looking for targets that have nothing...

You misunderstand me again -- if you're trading either/or breakouts/reversals, fine, that's not the issue. The question is, why increase your size? I'm bugging you because I'm looking for a decent justification for it besides just making up for past losers, which is an instinct all of us...

Ok thanks for the answer.

By "in sync" I mean profitable in selling highs and buying lows aka a necessity for making money. I was just wondering why you increase size on losing reversals, is the strategy dependent on tiny initial positions in order to allow for larger size upon losers? Because then it would start...

Are you just increasing size after a loss? If so, what is the rationale for that, as opposed to increasing only after wins? A series of winning trades would indicate you are in rhythm with the markets, losing trades = out of rhythm. Wouldn't the former justify larger positions, and the...

Curious questions from an outsider looking in: 1) How many transactions on average do you guys do a session? 2) All the lines you guys project are just mental and the process internalized in real-time, correct? Thanks.

Yeah way to stay out of yen. This is the second surprise hike from BOE in last few months.