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excellent post! i basically run contests between my setups. every six months, i go through my setups and delve into what is working best, and what is working worst. assuming sufficient "n", I may have to tweak parameters of a setup to find a better fit. this is how good setups are...

how is that relevant to whether or not it is scaling out? methodology and positive expectancy are irrelevant here. the point is that THIS IS HOW MY SETUPS ARE DESIGNED. i am not getting into a semantical wank here. so, let's define terms. is that hedging, if i scale out - evne if...

there are all sorts of ways to hedge. by the way, most hedge funds are not hedged at all, in the sense the term was defined when the term "hedge funds" were invented. here's an example of a hedged trade. if i make a spread trade, say... long YM, short ES. that's a hedged trade. i...

dood. if my setup is to take 5 pts on my first contract, 8 points on my second, and 12 points on my third. and after the first contract, to move my stop, etc. is that "scaling out?" it now sounds by your definition, that this would not be scaling out, because it is TRADING MY SETUP...

you can define it any way you want. but what it means is analysis of financial instruments based on price/volume action, or any derivative of same (indicators, trend lines, TRIN, tick, etc.) iow, TA is the study of price. volume is just price repeated, so to speak. the easiest way to...

i have a list of trade setups. but even if i see one of these setups presenting themself during the doldrums (11:30 am to 2:30 pm EST), i will generally not enter the trade, unless there is extra confluence. and i will trade 1/3 size. contrary to common psychology, the money you won in the...

dood. buying is defined as a price going through at the ask. selling is a price going through at the bid. this is a standard convention in terminology. technically speaking, EVERY bought contract has a corresponding sold contract. that's a mathematical certainty. it can't be any...

look, again he is extrapolating from his (narrow) experience and (narrow) methodology into the theory that this is the optimal way to trade all setups, all time frames, all markets, etc. mathematically he is wrong, statistically he is wrong, etc. generally speaking, anytime ANYBODY makes...

"the op has a long term passive investor mentality where scalin' out may not be the best approach to maximize profits" which again shows his logical fallacy he is employing. example: i have been in PIXR since steve jobs took over. I added on weakness on a few occasions and pared off on...

he also fails to recognize that index futures contracts move with a different dynamic than many stocks, and certainly different than the type of "breakout trades" or 'trend trades" that many day and swing traders play in the equities markets. for example, 4-6 days a month is the average # of...

"Thanks for posting and congratulations on a profitable account. You are in the super minority. That said, you would be more profitable by not scaling out. Every trader who is profitable would be. Every unprofitable trader would either become profitable or lose less if they did not scale out...

TA, in general, whether one understands the underpinnings or not - is based on psychology. support and resistance are established through psychology. the reason an instrument goes up is because people believe others will buy it, so they buy it in anticipation of that move. it's psychology.

"I have seen people come up with some crazy ideas and call them TA. LIke saying everytime there are 4 neg bars the 5th should be positive and crazy stuff like that which I dont even think you can call TA." any study of price qua price (and price repeated = volume) is TA. it may be dumb ta...

tws is not buggy. one of the first signs of a PROFESSIONAL trader is the willingness/ability to take responsibility for one's own mistakes. obviously, you out yourself here. second of all, it is easy to set a maximum contract size in TWS. unless you routinely trade this many...

i think the guys at tradethemarkets.com are pretty good. and no, i am not affiliated with them

i realize you are a troll, but trading is not unlike any business the vast majority of businesses fail my methodology is successful for me - i make a good living with futures. i will not claim to have a grail (there isn't one), and I am always interested in learning from other traders...

"the only thing that works is being real good at measuring support and resistance" this the easiest way to tell an idiot, or a trading ideologue... not that there is much difference. there is ONE way. there is no ONE thing that works, etc. this is called extrapolating from the...

i use QT with an IB datafeed. it is exceptionally rare, but I have seen a QT chart miss a trade, since the CHART does not update with each tick that comes across, so if a print happens at X, does not trade thru, and immediately reverses, X may not show up on the chart. this happened to me...

no, it will not necessarily be on the chart. it depends on the charting program, and how it works. i have seen several charting programs that due to their update latency etc. will NOT show the full price range necessarily. if a fill happens but then price action turns around, i ahve seen...

"by the way discretionary doesn't mean high emotion as mechanical doesn't mean lowered emotions..mechanical means following the preset rules......." correct. and i am discretionary cause i have the option NOT to enter a trade, even if the setup occurs. i also have some discretion with...