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  1. oraclewizard77

    NoDoji's Day Trading Log

    I did better today and beat you by $ 30, made around $ 87 on es trading taking just 1 trade then went to sim for rest of day. I still think you should just try alternating days, trade es for 1 day then trade stocks for another day. By the time you are focusing on stocks after trading es, you...
  2. oraclewizard77

    Professional Trader - Ask your questions here for the next few days...

    Lets say the es futures market is trending down and you think its about to reverse and start to trend back up (please note I am not talking about a major move, instead looking for 2 - 5 points). What signs are you looking for to indicate that the market has stopped falling and will be rising...
  3. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Did a little better today. Did not move my stops or targets and have made more money than working at a job. Went long using ninja to manage the stops and targets and then went and watched CNBC. So far feel like I am getting better at this. Had about 5 trades in a row correct, 1/2 were sim...
  4. oraclewizard77

    And another $2 BILLION is approved for more cars...

    Actually, not a bad idea, give everyone $ 100 to spend at a restaurant. At least then I will know where the money went. I have no idea what happened to the $ 1 trillion in supposed stimulus.
  5. oraclewizard77

    ES Journal Archive (2009 - 2010)

    short 1001.75 target 1000, add at 1005, final stop at 1007, if add target 1001.
  6. oraclewizard77

    ES Journal Archive (2009 - 2010)

    $ should fall vs gold, but don't expect much vs EUR since they are in bad share too.
  7. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Took a long 998.50 to 999.50. Problem all day for me has been having 2 point stops and 1 point targets. I notice that when I am right for my signal, it will go the 2 points. Also, when I am wrong, I sometimes try to add 1 more contract at the 2 point stop instead of taking the stop and then...
  8. oraclewizard77

    Why Madoff didn't tried a passive strategy, like buy-and-hold, covered-calls, etc?

    Not really, he was claiming around 10% per year returns not 30% - 40% returns. However, the truth was he was rich before he started this scam. He could have hired some traders to trade for him or develop a system that he could buy for $ 1 million plus extra if it reached certain targets and...
  9. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I don't do live trades after hours, how much margin do you need per contract? (For intra-day I was told $ 500.00 per contract.) After my analyse of the market, I put in a sim trade trade with a sell stop at 999 and a target of 996 with a stop at 1003. This will become a real money trade...
  10. oraclewizard77

    ES Journal Archive (2009 - 2010)

    L 984 target 985 stop 982
  11. oraclewizard77

    NoDoji's Day Trading Log

    I kind of feel you are concentrating on too many things at once. How about for a try for the next few days, pick one day you focus only on stocks, and another day you focus only on es and nothing else. If you end up making over $ 500 on day listening to this advice, you owe me. My...
  12. oraclewizard77

    Divergences

    You are not using the right indicator to determine a trend ending. Also, you are not using stoch correctly.
  13. oraclewizard77

    NoDoji's Day Trading Log

    Hi NoDoji, A couple points: 1) If you are day trading stocks, I think you would do better with prop account, the reason to trade futures is better access to margin during the day. 2) Some your comments about ES don't make sense for example a 6 year old being able to trade your...
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Sell 1 975, target 965, stop 1015, add at 1000 and target 975.
  15. oraclewizard77

    Berkshire Profit on Goldman Sachs Passes $2 Billion

    "Sleeping around, to continue our metaphor, can actually be useful for large derivatives dealers because it assures them government aid if trouble hits. In other words, only companies having problems that can infect the entire neighborhood – I won’t mention names – are certain to become...
  16. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I see market trading back down to 970 on Monday, lets see if I am right. Could then go to 1000 and then I expect it to fall back down to 950 since I think most of the run up especially today was short covering not real buying. In my personal stocks, I got off margin today and then sold...
  17. oraclewizard77

    ES Journal Archive (2009 - 2010)

    short 973 target 970 add 975.50 stop 978
  18. oraclewizard77

    NoDoji's Day Trading Log

    I had some conflicts in my indicators, but obviously should have taken the trade since it would have worked out. Obviously, when trading real money, its harder to pull the trigger than when on simulation and harder to stay in the trade longer. Obviously, having an edge is helpful but does...
  19. oraclewizard77

    NoDoji's Day Trading Log

    I did not take any es trades today either. Saw a signal to scalp long around 972 but thought the market was already too high. I also missed getting long on a stock since I was waiting for a down day in the market to buy it long.
  20. oraclewizard77

    ES Journal Archive (2009 - 2010)

    So were you stopped out or did you get out earlier? I think you are a good trader, but maybe you are swinging for too many points than your previous trades.
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