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Again, what you find is that over time, the gaps tend to even out. That said, the gap on 9-11 came in the direction of the existing trend. There was a big gap down in October of 1987 that started that move....again, in the direction of the existing trend. The other thing I have found is...

LOL. I don't know. The value line volume dried up years ago. I don't know if they're still trading it. If they are, it's by appointment only. OldTrader EDIT: I just realized you might mean the cash index. It still exists. The symbol that the Wall Street Journal shows is $XVG...

Yeah, I held a long position over the Memorial day weekend. I reentered stops on Tuesday. I only have stops in the market during RTH. Look, what it amounts to is that day traders are not comfortable with overnight risk. I am. My account is large enough, and I am experienced enough, to...

OK, I get your point. I would say this, that I always have a hard stop during RTH. It's just during the after-hours trading where light volume predominates that I cancel. And I do put my stop in the nature of a "fail-safe" type of stop. If I believe my position won't work, I get out. By...

I don't like to have a stop sitting there in low volume conditions. What this means is that once in a while something will gap over my stop. What I've found though, over the years, is that the gaps even out. I don't overleverage myself either, that helps too. OldTrader

Is this actually a question? Or was this sarcasm? I just cancel the stop, and look at the trade again that 9:30AM CST. Was that what you meant? OldTrader

I don't think he misses the point at all in terms of his statements about "soft stops", better known as "mental stops". Perhaps you could explain exactly what you look at as the trade moves against you, in that moments where the price action moves into your "soft stop" area. Especially in your...

I agree. Remember that old saying "You can't go bear hunting with a switch". I take that to mean, to get on board a good move you have to at least give your position some room to operate. If you try to finesse your entry too much, you'll end up missing the big moves. If it bothers you to use...

Nothing especially pretty about this trade. I was early. But closed up a little. Maintaining stop at the same level.....1413.25...for now. And for what it's worth, normally at night I cancel stops. I put them back in after the RTH opening. I'm guessing we need to have some additional...

Putting on a small short in ES at 1398.25. Initial stop of 15 points at 1413.25. OldTrader

Really this is an easy issue to resolve. Just post a wider stop, and adjust it as your trade progresses, or simply close out when you want to. I almost always use a wide stop in my real trading, let alone this journal. Normally 10-20 points is what I'm comfortable with. But, I rarely get...

This is an example of a failed strategy. What happens when the day arrives that you hold the stock because it is lower, and then in the "next day or so", it is much lower? You need a strategy that gets you in, with a definite point where you admit your trade did not work. Otherwise, you end...

I gather you shorted under 1381. Now what? OldTrader

1300 by Friday? Unlikely. Don't ever allow yourself to be roped into predicting both time and price. LOL. OldTrader

Here are the contract terms for WTI on ICE: https://www.theice.com/productguide/productDetails.do?productId=425&productTypeId=1047

I made the mistake of downloading the development kit. I got plenty of room though on the hard drive so I guess it doesn't matter. The good news is I'm able to download TWS with the SSL checked with no problem at all. Thanks to all of you guys. You're the best. OldTrader

kiwi: Did you download the development kit? Or one of the others? OldTrader

Just so that you know, I read your remarks differently based on their context, and some of your other remarks in the post just prior to it. Spin it however you would like. I'm not a Philadelphia lawyer. OldTrader

Here's what you said: OldTrader

You did say it was completely foreign to you. Unfortunately, you were responding in what seemed to be agreement with smilingsynic, who called the B1S2 strategy dumb. Perhaps that's the confusion. OldTrader