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  1. oraclewizard77

    NoDoji's Day Trading Log

    Well you are also dealing with the fear of trading live. You are killing your winners quickly since once you are in the money, it is too painful for you to see if they are going to turn against you and head back to your stop. If you want to average into a trade, I would suggest still having...
  2. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I mostly scalp around so it is hard for me to post when I am concentrating on getting into the trade and watching it when I have real money. I got 1.75 points long, could have gotten 2 points. I actually wanted to go short the market like ammo since I felt it has risen too high but my...
  3. oraclewizard77

    Taking 320K to 3.5million by Year End 2009

    I calculated that he had only a 15% recent draw down which is fine related to his goal of going for a 300% profit. The higher % of profit you go for, the greater the draw down, you are going to have. Also, he noted the problems with the recent trades and took steps to solve them. Unless...
  4. oraclewizard77

    Going underground

    I think its a good idea, but you may want to vacation or travel to some places 1st. The manager of my apartment in Argentina decided to live there and moved from America. I always thought the benefit of trading is that you can basically live anywhere that you want to as long as you have an...
  5. oraclewizard77

    upgrading laptop

    Just a little free information. 1) Looks like I will need to upgrade the video card in my laptop. I did research, and it does look like its possible since this is a higher end dell laptop that comes with a video card not a chip on the motherboard. If you buy a laptop for trading make...
  6. oraclewizard77

    Is it legal to hedge in another account?

    The only reason to hedge is to either protect against stop hunting or do a short term scalp in one account while staying long in another account.
  7. oraclewizard77

    ES Journal Archive (2009 - 2010)

    So if i am reading your chart correctly, if we break through 1016, then we should easily see 1020. If we break 1010, we should easily see 1005.
  8. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Good call, fundalmentally I don't understand why the market went up today, but I trade price or at least I try to.
  9. oraclewizard77

    ES Journal Archive (2009 - 2010)

    By the way, using higher mathematics invented by an important person which was programed into my charts, the price of 1015.50 was an extremely reliable sell signal. So you ask, if this was the case, why did I sell the 1st contract at 1013. I did in fact have another sell signal at that...
  10. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I went short at 1013 and added at 1015. I am not sure if this is good strategy or not. Yesterday, one of my longs got stopped out on a good signal since the market moved strongly in a directional manner before reversing. So instead of taking a 2 point stop on the 1st entry, I did add to it...
  11. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I use Mirus Futures since I get $ 500 intra-day margin.
  12. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I am attaching my ninja trader report to validate what I was saying since I did not call out these trades before they occurred.
  13. oraclewizard77

    ES Journal Archive (2009 - 2010)

    You know whats even more funny. After doing that trade with real money, I had a feeling that the market would keep going up. So I thought why not do a sim trade long. Now on my sim trades, I trade with more contracts than on my real trades. So the 2nd trade went got stopped out at a profit...
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Funny, I was long 999 with a target of 1000.50
  15. oraclewizard77

    Taking 320K to 3.5million by Year End 2009

    Obviously, some that trades your size, should be able to get a better deal. I saw this by googling for cheapest option broker Options Broker www.InteractiveBrokers.com Options Brokered As Low As $0.15/Contract + Exchange Fees. If this helps you out, please feel free to re-pay the...
  16. oraclewizard77

    Larry Williams Million Dollar Challenge

    AUGUST 28, 2009 No SEC Penalties in Amaranth's Failure By JOSEPH CHECKLER NEW YORK -- Hedge-fund manager Amaranth Advisors LLC won't face any penalties from the Securities and Exchange Commission for its high-profile failure, according to a letter the firm received from the agency's...
  17. oraclewizard77

    Larry Williams Million Dollar Challenge

    Looks like he made $ 90,000 in one year 2008 trading commodities holding for at least a few days. The es trades look like he got around the start and held till the end of day around every 5 days He also mentioned a hedge fund that exploded as why track records are not perfect, so I will...
  18. oraclewizard77

    Learning to read Price Action with P&F Charting

    http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P&listNum= It looks like 1295 is predicted, how do you get it to show differently?
  19. oraclewizard77

    NoDoji's Day Trading Log

    Woke up early because got a call from my business which I am working to sell. Finally took a trade long on es. It was a good trade but instead of not watching the chart after getting in the trade, I was watching it go up then fall back down a little lower than my price I got in at. I...
  20. oraclewizard77

    Today's Extremes Foretold by Intense Commercial Trade

    Sometimes you will get whats called an volume spike before a reversal. For example, the market becomes over bought as all the buyers have spent their reserves to go long. Part of this volume extreme is of course larger traders trying to pick the top of the move and get in before the...
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