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Very good point. Listen all struggling traders! Know your markets basics like ATR, morning range, afternoon range, volume, main players in the market etc. I initially didn't do "any" statistical analysis on ES, I had done "a lot" on fx. Finally I did some on ES, and this has helped me gauge...

First, If x doesn't work in trading, it does not mean that inverse of x will work because of spread and commissions. Volume wise and activity wise, first 15-20 minutes after the market open are most hectic. Generally, no clear direction is formed yet, as bulls and bears fight and test each...

Good distillation in an equation of the verbose that I wrote! But I am a bit confused when you say fallacy - are you agreeing with my logic or are you refuting it? If you are refuting my logic, please explain your counter-logic, as it is not at all obvious. Thanks.

Recommendation 5: Do not scalp ES. If you want to scalp, scalp 6E or CL or NQ etc. Can you see the difference between these contracts which make one contract worthy of scalping and another not? Think for few minutes before reading further! Time to tell you. In spite of having a good...

Recommendation 4: I call this rule of 2 trades per day. Newbies or struggling ES traders, do not take more than 2 trades per day, doesn't matter if you win both or lose both how many points you made or lost. This rule has many benefits: 1. Since you are a struggling trader, so it means on...

Apologies, Getting back to this thread after a long time! The1 and Handle123 are very experienced traders. So, they have found a profitable way to trade first 20-30 minutes after the opening bell. I am hopeful with time I will also develop my skill set in that volatile time of the day. It...

:) Good to get different perspectives. Helps in making an informed decision. Your trading has definitely been getting better over the last couple of years - I was looking at some of your posts in pl section. Nice job.

spot on. Do you trade from home ?

spot on comment. Even if someone is trading from home, setting up a separate and very serious home office is a must for successful trading. I haven't completely read Prince of the Pits. But in its first few chapters, the guy talks in depth about having a good trading chair and a good way to...

I don't know if you trade from home or not, but the fact is trading solely from home changes your life in a big way. IMO, it effects one's social circle. In an office environment as a trader, one gets all the autonomy he/she wants plus the colleagues to talk to. Trading at home can become...

not much to contribute here but I will give some pointers: 1. join a gym and go there regularly if you are not doing it already 2. join some community work - will help social life 3. Don't get too involved in household matters - as it might lead to friction with wife/kids - remember, along...

The correct way to invest with someone showing your return characteristics is to set up a tight max DD limit and if you breach that without making decent returns first, to immediately pull the plug and take out the capital. if I am your investor, looking at your track record, I will set a max DD...

You are correct - no comparision between sim and real money. The way market rallied, it just wanted to screw most people in a very fast way. Guys who took the hard trade which was to go long ended up making a lot of money.

Closing all my shorts at 1409.75. Glad all these were sim trades. Who would have guessed markets at 1311 at the start of trading today. Surprise surprise.

adding sim short at 1406.25 Edit: sim short at 1407.25 so sim short 3 contracts for average of 1406.25 limit orders to buy: 1. 1405 2. 1404 3. 1403

sim short 1405.25

Extremely Sorry to be so rude but are you retarded? Can't you just go to amazon site and find out how many different market wizards books are there - you can verify by looking inside the similar sounding books and comparing table of contents. Blunt feedback - if you are smart enough to do...

Thank you very much for jumping in and clarifying. That disclosure was leading to all kinds of questions. Now, I feel much more confident. Just for being absolutely clear, you are saying IB will continue to follow NDD, STP model especially for the trades that clear on IDEALPRO. So, no skewing...

out at 1390.25, for a loss of -3.25 points.

so once that buy order is over, we might get a real move to the downside. does it make sense ?