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Good thing I'm in the real estate business :D Btw, switched to December contract today. -FastTrader

What happens to a trader's capital when a prop firm goes belly up? -FastTrader

I went long on YM U3 @ 9392, but got shaken out...exited with a 4 pt loss. Of course, 5 min. after I exited YM was trading at 9405. -FastTrader

Use the TWS Upgrade tool, then restart your PC. -FastTrader

I don't understand time-stops and their relation to money management. Couldn't the YM go against you significantly by using set time-stops? Lets say your time-stop says get out in 10 minutes if the trade is not profitable....meanwhile the YM keeps moving against you throughout that 10 min...

I focus more on actual dollars than points on stocks and futures. I know some people who only make 1 pt on the ES but do it on a 100 lot. -FastTrader

Scientist, I actually use this rule/tactic as well but have noticed I miss out on some good trades due to this. Your thoughts? -FastTrader

Couldn't you just use the Windows Scheduler service? -FastTrader

Just got back...YM trading at 9474 now as I thought would be. No volume tho. -FastTrader

Cover 9483...have to run for lunch. -FastTrader

Short YMU3 9487

Requires a lot of Patience, which can cause boredom, which can lead to stupid trades due to boredom, resulting in losses -FastTrader

Yes, but I'll probably be switching to Dec. on Wed. -FastTrader

We had almost identical trades. I got in a little higher, you got out a little lower :D -FastTrader

Yea, I think I'll be switching early next week. -FastTrader

Thanks guys. Anyone else have more? -FastTrader

Bingo! -FastTrader

taodr, don't know if you're still holding your short position but I covered at 9438. -FastTrader

I've followed your journal for a little bit, and I get the feeling you're always trading against the trend. Is that part of your strategy? This is a serious question. -FastTrader

No, I too shorted in that area (9464) :D -FastTrader