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Nice looking chart (IMCL). How big is your universe of stocks that you trade? Looking forward to your journal. fan27

Hello Staq, They are ETF's (Exchange Traded Funds) not EFT's. I started out trading SPY (I now trade ES). as far as what to trade, I guess it depends on your goals. If you want to daytrade then SPY or QQQ might be a good start. Especially if you want to eventually switch to there...

When I use the Esignal simulator to test out new strategies, I take away 1 tick on limit orders and then enter my adjusted trades in an excel spreadsheet. Works for me. Good Luck

Lets say a low volatility day turns into a high volatility day. Would you continue doing adds for a position moving significantly against you and wait for a pullback to get out with a smaller loss? And/Or are your skills to the point that this rarely if ever happens, so it really isn't an...

Thats too funny. I can hear it now..... "WE FADED THE SYSTEM ALL DAY. WE ARE DOWN 15.00 PTS, BUT THERE'S THE SYS AGAIN, UP 20 PTS..:D :D

I use NetZero (Dial Up). You get a limited amount of hours each month and the service is free.:)

Looks like the shorts got croaked today.

You are setting yourself up for some serious disappointment if you expect to make money from day one. Good Luck

If you are net positive after 5 weeks of daytrading SPY, then you are doing just fine. Since you are net positive, why not switch to ES now? I have been trading SPY/ES for nine months and am not yet consistently profitable. There have been times when I have experienced severe frustration...

Do you have a stop in. If so, Where? Looks like we could break out from here. But then again, we could Breakdown.:)

I am considering getting a part time job valet parking in a couple months if I am not bringing in enough money to cover at least half my bills. I am willing to do anything to keep me going until 2005.

Last time I had a trading experience like yours, I was glad that I reached for the $5 broom to break over the chair. tomorrow is another Day.

Why are you starting with trading 5 cars in a market you haven't traded before? Good Luck

I guess I am the only ET member that lost money today. Congrats to all those that cleaned house. I actually had a pretty severe breakdown in discipline today. tomorrow is another Day.:)

The only indicators I find work for me on intra day charts are bollinger bands (Length=20,Standard Deviation=2). Often times price will pull back to the middle of the bands during trends. One pattern I look for is where price breaks the band, pulls back, then goes back and tests the band...

1035.00 should be a good number to watch for ES as it is the .618 retracement level of the 10/24 low as well as the .318 retracement level of the 9/30 low.

I saw the same thing.

Have been daytrading fulltime for 8 months. Down about $1,500. This time last month I was down $268.00. Right now I am up $50 for the month (trading 1 contract). After reading several threads regarding stops and analyzing my past trades, I have realized that tight stops were killing me. By...

hello Awash, I have enjoyed your journal thus far (I am also a newbie trading ES). I take my signals off of lower time frames, but I always make sure it is within the "context" of higher timeframes. For instance I thought about going short a couple times today on the 5 min chart, but when...

Very Funny.:D :D