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  1. M

    Unattended Automated Trading

    Let me share an experience I had with my automated strategy. I was running it, business as usual, then the firm I was with systems crashed and I had no way to cancel the orders that were already out in the market. I was filled on 200, 000 shares of stock. Because I was there, I was able to...
  2. M

    Too Many Markets

    Diversify your risk and your income...I supoort a multi market, multi time frame, multi strategy approach. The best answer is....are you making money? If you are, then keep doing what you're doing.
  3. M

    Unattended Automated Trading

    I would not let it run completely unattended. Too many things can and do happen that will need your immediate attention. It's when you become complacent that the market humbles you.
  4. M

    traders who are deeply religious

    WHat...you can't take a friggin joke....give me a break. Everyone is way to serious about this topic.
  5. M

    traders who are deeply religious

    Perhaps you should find jesus, and you might not be so angry all the time.
  6. M

    Patenting a trading strategy !? ;-)

    Once she owns the patent, then she can pursue claims against anyone who infringes.
  7. M

    traders who are deeply religious

    Ask the fellows that ran LTCM how well "rigourous stasticial modelling" held up in real world trading.
  8. M

    Don's Openings and More for 2006

    I generally use the same envelope between buys and sells. As for pre market trades, I screen for news and avoid it, as long as there is no news then ecn's don't matter IMO. As for optimal exit....that will come with time. If you are going to try and maximize your gains every day, you have...
  9. M

    Euro Currency Futures 2006

    Not with the size I'm trading....I'm relatively new to futures and am still developing my game. I will add to the position around 1.2111 with a relatively tight stop. It might be you who takes my money!:D
  10. M

    Euro Currency Futures 2006

    I am still short the EC, although we might see a pull back in the near term, it's in a down trend and I just want to remain short. If it pulls back, I will likely add to the position. Good trading to all! Mike
  11. M

    A bird in the hand Is worth two in the Bush

    Never...If i am kicking ass, I trade bigger, and keep pushing the envelope. When you are on a run, you are on a run. There are times though, that I close out positions and call it a day when thing just aren't going right. Generally, it means that my stop has been hit on all my...
  12. M

    A bird in the hand Is worth two in the Bush

    That sounds like a great plan...I'm willing to be that friend that helps you get over this problem! :) If you are just starting to trade and develop your edge, than your goal is to trade an make money today. After that, realize when you are screwing up your plan and have the discipline to...
  13. M

    Don's Openings and More for 2006

    Pretty tight on those sells....a little risky, add to that tgt was upgraded today. Generally speaking, you don't want to make a tight market in stocks that have news, take it FWIW! At least you're making money!
  14. M

    Recommendations for a good book about selling options

    Option Market Making by Baird is a good book that covers it all!
  15. M

    September 11, 2001 trading

    I remember that morning well....the futures were up. Many stocks were bid up on the ECN's, all of the brokers were, many of the banks were. The first plane hit, the futures sold off a few points, then rallied back up as if it was no big deal. When the second plane hit, that's when it really...
  16. M

    Eye Fatigue

    I found that having the monitor set to the highest refresh rate was very helpful. 72 or higher reduced my eye fatigue and the headache that often went with it.
  17. M

    Switching from "House money" to my own money

    In some cases, I would agree. But I have been using 20, 30, sometimes even 100 to one leverage on trading strategies for five years now. Day in and day out, and It has yet to put me out of the game. It all comes down to managing risk. If you are actively managing your risk, then you should...
  18. M

    % profitable days

    I don't know if I could trade that system.....the challenge to would be the constant question of what if this is my final drawdown? I commend you on being able to stick to that system.
  19. M

    Day-trading exposure

    I will have between 40 and 75 open positions on most days.
  20. M

    % profitable days

    If you are new to the game....you should focus on just making money today. A high win rate does a world of wonders for your confidence. And in trading confidence is everything. Once you have a substantial amount of money, then you can start to take more risk and go for the larger rewards...
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